BUSINESS

Makinde abandons Ajimobi’s budget, signs N182.4bn into law

Daily Dispatch September 5, 2019

Gov. Seyi Makinde of Oyo State on Wednesday signed into law the 2019 revised budget of N182.4 billion. The revised budget is a review of the 2019 Appropriation Act of N285 billion earlier signed in the first quarter of the year by the immediate past governor, Abiola Ajimobi. With the new

BUSINESS

Xenophobia: What Dangote said about reprisal attacks

Daily Dispatch September 5, 2019

Africa’s leading industrialist and businessman, Aliko Dangote, has broken his silence on xenophobic attacks in South Africa and reprisal attacks by Nigerians. Dangote on Wednesday joined Nigerians in suing for peace among themselves while kicking against reprisal attacks in the country. Xenophobia in South Africa angered many Nigerians who stormed various outlets of

BUSINESS

Xenophobia: MTN closes shops in Nigeria

Daily Dispatch September 4, 2019

Telecommunications giant, MTN, has announced the closure of all its shops in Nigeria. This may not be unconnected with the threat by some Nigerians to retaliate the Xenophobic attacks on Nigerians in South Africa. There have been attacks on Nigerians and their businesses in South Africa, an action which the Minister of Foreign Affairs Geoffrey […]

BUSINESS

Redeployment in NPDC is to drive reserve, production growth – Ewubare

Daily Dispatch September 3, 2019

Mr Roland Ewubare, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), says the redeployment in the corporation’s upstream subsidiary is in line with efforts to achieve the targeted growth in the country’s oil reserve to 40 billion barrels. The upstream subsidiary, Nigerian Petroleum Developments Company (NPDC), was established in 1988 as a

BUSINESS

We will make Oyo an investment-friendly destination—Makinde

Daily Dispatch September 2, 2019

By ABIODUN JIMOH …Says state ready to establish Lagos-Ibadan Economic Hub The Oyo State Governor, Engineer Seyi Makinde, has reiterated the readiness of his administration to make Oyo State an investment-friendly destination in order for investments to thrive. According to a statement signed by the Chief Press Secretary to the Governor, Mr Taiwo Adisa, quoted […]

BUSINESS

Africa import $50bn worth of food annually —AfDB

Daily Dispatch August 31, 2019

The African Development Bank has said that African countries import nearly 50 billion dollars net of food annually. A statement by AfDB’s Communication and External Relations Department said the bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke said this at a panel discussion at the 7th Tokyo International Conference in Japan. The News