BUSINESS

Nigeria’s inflation rate hits 11.40 percent in May – NBS

Daily Dispatch June 17, 2019

The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.40 per cent (year-on-year) in May from 11.37 per cent recorded in April. The NBS made this known in its “CPI and Inflation Report’’ for May released in Abuja on Monday on its

BUSINESS

Dangote Cement to earn $700m forex from terminals

Daily Dispatch June 17, 2019

The Dangote Cement Plc on Monday said its cement terminals being constructed in Lagos State and Onne in Rivers would be concluded before the end of this year. Alhaji Aliko Dangote, the company’s Chairman, said this while addressing shareholders at the 10th Annual General Meeting (AGM) of the company in Lagos. He promised  that the […]

BUSINESS

Obaseki assures of business boom in Edo on back of CBN’s push for self-sufficiency in oil palm

Daily Dispatch June 17, 2019

By ABIODUN JIMOH Edo State Governor, Godwin Obaseki, has said the Central Bank of Nigeria (CBN)’s push to reclaim Nigeria’s position as a global powerhouse in oil palm production by blacklisting importers of the product would boost the oil palm industry in the state as well as allied industries that rely on the product for […]

BUSINESS

AfDB hopes Nigeria will sign CFTA soon

Daily Dispatch June 16, 2019

The African Development Bank (AfDB) has expressed optimism that Nigeria, the largest country on the continent will soon ratify the Continental Free Trade Area (CFTA) agreement. The Director, Industrial and Trade Development of AfDB, Dr Abdu Mukhtar, said this in an interview with newsmen on Sunday. The CFTA was adopted on March 21, 2018 and […]

BUSINESS

Budget Financing: DMO lists pioneer Eurobonds on FMDQ platform

Daily Dispatch June 14, 2019

The Debt Management Office  (DMO) on Friday listed its first Eurobonds on FMDQ Securities Exchange platform to fund the budget deficit and other financing needs of the Federal Government. The listing comprises dual-tranche 2.50 billion dollars and triple-tranche 2.86 billion dollars Eurobonds. Speaking at the listing in Lagos, Ms Patience Oniha, DMO’s Director-General,

BUSINESS

NNPC records N174.63b petroleum products sales in March

Daily Dispatch June 9, 2019

The Nigerian National Petroleum Corporation (NNPC) recorded N174.62billion sale of white products in March 2019, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has stated. A release on Sunday in Abuja by NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, disclosed that the March sales figure is higher than […]