BUSINESS

CBN develops creative industry finance initiative

Daily Dispatch May 7, 2019

The Central Bank of Nigeria has developed a Creative Industry Financing Initiative to allow beneficiaries get N500 million loan at nine per cent interest rate. The CBN said the creative industries include fashion, Information Technology, movie production, movie distribution, music and software

BUSINESS

OML 30 crisis: Protest disrupts 90,000 bpd crude production in Delta

Daily Dispatch May 7, 2019

Not less than 90,000 barrels of daily crude oil output is currently under threat as hundreds of angry protesters from OML 30 host communities took over accesses into the premises of the Ughelli Pump Station (UPS) in Eruemukokwarien, Ughelli North council area of Delta state on Tuesday. The placard-wielding protesters, mostly made of aged women […]

BUSINESS

Lack of Power: 130 textile companies died in Nigeria – Emefiele laments

Daily Dispatch May 6, 2019

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer  than 130 textile companies have died in the country in recent times due to some constraints. Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday. ‘’Textile industries used to be the […]

BUSINESS

63 years after, community still trades by barter in C/River

Daily Dispatch May 5, 2019

The Esuk Mba community market in Akpabuyo Local Government Area of Cross River is still practising trade by barter as a means of exchange for food items since it was established in 1956, the News Agency of Nigeria (NAN) reports. According to NAN, the market, which is located in a remote village in Esuk Mba […]

BUSINESS

We will grow our economy through sports – Edo Deputy Gov.

Daily Dispatch May 5, 2019

The Deputy Governor of Edo State, Philip Shaibu, on Sunday in Benin assured that ongoing re-engineering of the sports sector would bring about massive economic development through wealth-creation in the state. Shaibu told the News Agency of Nigeria (NAN) that the state government, having realised that sports was a veritable tool for unity and social […]

BUSINESS

NNPC pays N153.01bn into federation account in January

Daily Dispatch May 5, 2019

The Nigerian National Petroleum Corporation (NNPC) says it transferred N153.01 billion into the federation account in January. The corporation disclosed this in its Financial and Operations Report for the month of January released in Abuja on Sunday. “Within the period under focus, NNPC transferred N153.01 billion into the Federation Account. “Cumulatively, from January