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Breaking: COSON slams N3billion suit against First Bank

Daily Dispatch November 21, 2019

After roundly defeating First Bank (Nig.) Ltd both at the Lagos State High Court and at the Federal High Court, in two cases filed by the bank against COSON, the hunter has become the hunted as Copyright Society of Nigeria (COSON), has just filed a suit at the Federal High Court, Lagos

BUSINESS

N1.45 trillion goods smuggled into Nigeria from Benin Republic annually- NEPZA

Daily Dispatch November 21, 2019

The Nigeria Export Processing Zones Authority (NEPZA) says N1.45 trillion worth of goods are smuggled into Nigeria annually from Benin Republic. The Acting Managing Director of NEPZA, David Nongo, said he sourced the data from the World Bank. He said this at the Two-Day National Workshop on the Role of Maritime in the AfCFTA Agreement […]

BUSINESS

Senate blows hot as CBN, others resist oversight functions

Daily Dispatch November 20, 2019

The Senate has issued a stern warning to the Central Bank of Nigeria (CBN) and other Ministries and agencies of government for resisting the oversight responsibility of the Senate. Chairman of the Senate Committee on Public Accounts, Senator Matthew Urhoghide speaking at a press conference in Abuja on Wednesday revealed that the Central Bank of […]

BUSINESS

Begging, hawking activities worry DPR at filling stations

Daily Dispatch November 20, 2019

The Department of Petroleum Resources (DPR), has cautioned owners of filling stations against the increase in hawking and begging activities at the filling stations in Zamfara. The controller inchage of Gusau, DPR field office, Alhaji Ango Haruna, gave this warning during a surveillance patrol of filling stations and gas stations in Gusau on Wednesday. Haruna […]

BUSINESS

Border closure: Inflation will be moderate in three months – CBN Gov.

Daily Dispatch November 20, 2019

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the rise in inflation is temporary and will go down aggressively in another three to four months. A report by the National Bureau of Statistics (NBS), showed inflation figures at a 17-month high, rose to 11.61% in October. However, Emefiele in an […]

BUSINESS

NBS: Nigerians paid more for kerosene in October

Daily Dispatch November 20, 2019

The National Bureau of Statistics said the average price paid by consumers for kerosene increased in October while the cost of petrol, cooking gas and diesel decreased. According to a report on its website, consumers paid an average of N324.7 per liter of kerosene in October 2019, reflecting an increase of 1.9 per cent when […]