BUSINESS

Border closure: Producer vows to crash price of local rice

Daily Dispatch November 13, 2019

Paul Santus, Chairman and Chief Executive Officer, Santuscom Agro-Hub Investment Nigeria Limited, producer of Ogoja Rice, has vowed to crash the price of local rice ahead of Christmas and New Year celebrations. Addressing newsmen in Abuja on Tuesday, Santus said 50 kilogram of rice which is

BUSINESS

Police deny CBN robbery attempt

Daily Dispatch November 12, 2019

The Edo Police Command has denied reports of a robbery attempt at the Central Bank of Nigeria (CBN), Benin. DCP Ayoola Ajala, Deputy Commissioner of Police in charge of operations, on Tuesday, said that it was not true that there was a robbery attempt at the bank. He said that the incident had to do […]

BUSINESS

Supreme Court orders NNPC to pay N8.14bn in damages to BCE

Daily Dispatch November 12, 2019

The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract. The NNPC through its counsel, approached the Supreme Court seeking a review of the July 5, 2019 judgment over an alleged error of

BUSINESS

Customs generate N1.002trn revenue in 9 months

Daily Dispatch November 11, 2019

The Nigeria Customs Service (NCS) has generated revenue of about N1.002 trillion from January to September 2019. The data received by the News Agency of Nigeria (NAN) from the Department of Research and Statistics and confirmed by the NCS’s public relations office indicated that the revenue was generated from 32 commands. The statistics showed that […]

BUSINESS

Borders closure: Young farmers seek FG, state’s support

Daily Dispatch November 11, 2019

Nigerian Young Farmers Network (NYFN) has urged government at all levels to support youth in businesses to grow the economy following the recent borders closure. Mr Promise Amahah, the national coordinator made the appeal in an interview with News Agency of Nigeria (NAN) in Abuja on Monday. NYFN is a network that brings together young […]

BUSINESS

Bauchi Gov denies rift with Gombe over oil discovery

Daily Dispatch November 10, 2019

Gov. Bala Mohammed of Bauchi states says there is no conflict between Bauchi and Gombe states over oil discovery in border communities of the states. According to the News Agency of Nigeria (NAN), some Gombe elders had called on President Muhammdu Buhari to intervene in a lingering tension between the two states over ownership of […]