BUSINESS

N1.5b CBN credit facility: Governor Abiodun seeks Assembly’s approval

Daily Dispatch September 16, 2019

ABIODUN JIMOH, ABEOKUTA Approval from the State House of Assembly to access a concessionary loan of N1.5b only from the Central Bank of Nigeria (CBN) for the Anchor Borrowers’ Programme with a single digit interest rate has been sought by the Ogun State Governor, Prince Dapo Abiodun. Rt.

BUSINESS

Obaseki receives Edo SDGs’ 2018 Report, as office highlights achievements in Inter-Agency Relations, Capacity Building, Advocacy

Daily Dispatch September 16, 2019

By ABIODUN JIMOH Edo State Office of the Sustainable Development Goals (SDGs) has presented its 2018 Report to Governor Godwin Obaseki, with achievements recorded in inter-agency relations, capacity building and advocacy. Speaking while presenting the Report to the Governor at Government House, in Benin City, Focal Person, Edo State SDGs Office, Mrs Ifueko Alufohai, said

BUSINESS

Dangote shuts Kano tomato plant again

Daily Dispatch September 16, 2019

Dangote Tomato plant in Kano has been shut again, six months after it resumed operations from an almost three-year shut down. Reports said the 1,200-ton-a-day tomato-processing factory closed down because it was unable to get its required feed stock from farmers, who switched to other crops at the beginning of the rainy season in May. […]

BUSINESS

HEDA gives SEC 14-day ultimatum to delist some MTN board members

Daily Dispatch September 15, 2019

The Nigerian Securities and Exchange Commission (SEC) has been handed over a 14-day ultimatum to delist some members of the newly-constituted MTN Board or face legal action. In a petition by Human and Environmental Development Agenda (HEDA Resource Centre) and sent to the Acting Director General of SEC, the group called for the immediate rejection […]

BUSINESS

7.2% VAT will dampen Nigerians’ purchasing power, say financial experts

Daily Dispatch September 12, 2019

Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians. They told the News Agency of Nigeria (NAN) in an interviews in Lagos, while reacting to the government’s planned increase of VAT to 7.2 per cent from five per cent. The Minister […]

BUSINESS

N537m debt: Donald Duke settles AMCON, recovers house

Daily Dispatch September 11, 2019

The Federal High Court in Lagos has discharged its August 8, 2019 order, which empowered the Asset Management Corporation of Nigeria to take over an Ikoyi property of a former governor of Cross River State, Mr Donald Duke, over an alleged debt of N537,334,360.77. Justice Nicholas Oweibo discharged the takeover order on Wednesday after the […]