BUSINESS

Nigeria imports $600m cassava products annually – CBN

Daily Dispatch November 26, 2019

The Central Bank of Nigeria (CBN) says Nigeria imports cassava derivatives valued at about S600 million annually. CBN Governor Godwin Emefiele disclosed this on Tuesday at a meeting with governors of cassava-producing states in Abuja, the nation’s capital. At the event, the apex bank signed a

BUSINESS

Why FG plans to ban consumer ownership of gas cylinders – Official

Daily Dispatch November 26, 2019

The Federal Government’s plan to ban consumer ownership of Liquefied Petroleum Gas (LPG) cylinders is aimed at enhancing safety and deepening cooking gas penetration in the country, an official said on Tuesday. Mr Dayo Adeshina, Programme Manager, National LPG Expansion and Implementation Plan, spoke at the Nigeria LPG Summit 2019 on Tuesday in Lagos. The […]

BUSINESS

Borders closure will have positive effects on the nation’s economy- Access Bank

Daily Dispatch November 23, 2019

Mr Abraham Azeigbe, Access Bank Group Head, Retail Operations, says the closure of the nation’s borders by the Federal Government will have a long time positive effects on the nation’s economy. Azeigbe said the positive impact of the closure might not be felt immediately but it would bring about a boost to the nation’s economy […]

BUSINESS

Nigeria’s GDP Grows By 2.28% In Third Quater Of 2019

Daily Dispatch November 22, 2019

Data made available by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17% percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. The GDP report which was released on Friday shows that the average […]

BUSINESS

Obaseki closing in on $200m deal in China for Benin Enterprise Park

Daily Dispatch November 21, 2019

By ABIODUN JIMOH The Edo State Governor, Mr. Godwin Obaseki, is closing in on the $200m deal for a textile industry to be operated by the anchor tenant at the Benin Enterprise Park (BEP), as part of concerted efforts to industrialise the state. The governor held meetings in China, during which Edo State’s Public Private […]

BUSINESS

Finance Bill: FIRS, NNPC, Customs, others must ‘sit up’ – Senate

Daily Dispatch November 21, 2019

The Senate has asked agencies of the Federal Government saddled with the responsibility of generating revenues to be more efficient in discharging their duties. Such agencies include the Federal Inland Revenue Service, the Nigerian National Petroleum Corporation (NNPC), and the Nigeria Customs Services among others. President of the Senate, Ahmed Lawan, stated this during