BUSINESS

CBN policy of 7% withdrawal charges on customers will encourage robbery- NANS

Daily Dispatch October 1, 2019

ABIODUN JIMOH, ABEOKUTA Worried at the recent crime rate across the country, the National Association of Nigerian Students, (NANS) has condemned the new policy of Central Bank of Nigeria (CBN) charging  7% on withdrawals above N500,000 by bank customers. This was stated in release signed by the

BUSINESS

Fuel scarcity imminent- IPMAN warns

Daily Dispatch September 30, 2019

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has warned of imminent scarcity of petroleum products, if private depot owners fail to settle backlog of Petroleum Equalisation Fund, PEF. The chairman of the North-west zone of IPMAN, Bashir Dan-Mallam, issued the threat while briefing journalists in Kano at the weekend. The Nigerian National Petroleum

BUSINESS

Rivers government acquires Shell’s 45 percent interest in OML 11

Daily Dispatch September 30, 2019

The Rivers State Governor, Nyesom Wike, on Monday said that the state government had acquired the 45 per cent interest of Shell Petroleum Development Company of Nigeria in Oil Mining Lease 11 located in Ejama Ebubu community, Eleme Local Government Area and other communities in Ogoni. Wike, who disclosed this during a state broadcast at […]

BUSINESS

Kaduna Electric Salutes Nigeria at 59

Daily Dispatch September 30, 2019

The Managing Director of Kaduna Electric, Engr. Garba Haruna, has felicitated with Nigerians on the occasion of the nation’s 59th Independence Anniversary. He said after 59 years of Independence, Nigeria has a lot to celebrate in spite of a few challenges it is still grappling with. Engr. Haruna who stated this in a statement issued […]

BUSINESS

Fidelity Bank workers demand Okonkwo sack, threaten to paralyse company’s activities over entitlements

Daily Dispatch September 30, 2019

By Femi Olaojo   Workers with Fidelity Bank Plc across Nigeria have vowed to disrupt business activities of the bank if demand on payment of their entitlements by the management is not met within five working days. The workers, under the aegis of Concerned Note Counters Association of Fidelity Bank (CNCAFB) and Global Integrity Crusade […]

BUSINESS

TCN moves to recover N270b debt from DisCos

Daily Dispatch September 28, 2019

The Transmission Company of Nigeria (TCN) has written a letter to the Minister of Power, Engr. Sale Mamman on how to compel the electricity distribution companies (DisCos) to pay the outstanding debt of N270billion to the Nigerian Bulk Electricity Trading (NBET) Plc. Speaking at the TCN’s/Donor/Stakeholders meeting in Abuja on Saturday, its Managing Director, Mr. […]