BUSINESS

Microsoft to invest $100m on Tech development in Nigeria, Kenya

Daily Dispatch May 14, 2019

Microsoft Corp will invest 100 million dollars to open an Africa technology development centre with sites in Nigeria and Kenya over the next five years, the company said on Tuesday. Global tech giants, including Alphabet Inc and Facebook, have been increasing investment on the continent in

BUSINESS

Mix reactions trail SEC’s plan to regulate conduct of AGMs

Daily Dispatch May 13, 2019

Stock market operators on Monday expressed mixed reactions to plans by the Securities and Exchange Commission (SEC) to regulate conduct of Annual General Meetings (AGMs) and pre-AGMs. The operators spoke with the News Agency of Nigeria (NAN) in Lagos. The new sub-rule seeks to reduce the cost of organising shareholder meetings, by eliminating distribution of […]

BUSINESS

Farmers commend Buhari for re-appointing Emefiele

Daily Dispatch May 12, 2019

All Farmers Association of Nigeria (AFAN) says the reappointment of Mr Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor by President Muhammadu Buhari was a confirmation that the President is `agriculture friendly’. Chief Daniel Okafor, the Vice National President of the association, told the News Agency of Nigeria (NAN) in Abuja on Sunday, […]

BUSINESS

Emefiele: Re-appointment will boost FX market stability – BDCs

Daily Dispatch May 10, 2019

The Association of Bureau De Change Operators of Nigeria (ABCON), on Friday said that the reappointment of Mr Godwin Emefiele as the CBN Governor for another term will sustain stability in the foreign exchange market. ABCON’s President, Alhaji Aminu Gwadabe said this while reacting to the re-appointment of Emefiele for another five -year term by […]

BUSINESS

Buhari should be commended for reappointing Emefiele as CBN governor – PLAN

Daily Dispatch May 10, 2019

Partners for Legislative Agenda for Nigeria (PLAN), a coalition of civil society organisations and youth groups have commended President Muhammadu Buhari for reappointing Mr Godwin Emefiele as governor of the Central Bank of Nigeria (CBN). The group made the commendation on Friday in Abuja at  a press  conference  by its Coordinator Khalifa Bello Adamu. Adamu […]

BUSINESS

TCN explains collapse of national grid

Daily Dispatch May 10, 2019

The Transmission Company of Nigeria (TCN) said the collapse of the National Grid on May 8, at 2:32p.m was caused by a multiple tripping on its substation in Onitsha, Anambra. The Managing Director of TCN, Mr Mohammed Usman, made the disclosure at a news conference in Abuja on Friday. The national electricity grid had on […]