BUSINESS

Why we shut down Gombe, Kebbi airports – FAAN

Daily Dispatch May 2, 2019

The Federal Airports Authority of Nigeria (FAAN) has withdrawn its Aviation Security and Aerodrome Rescue and Fire Fighting personnel from Gombe and Kebbi airports over alleged N732 million indebtedness. The General Manager, Corporate Affairs, FAAN, Mrs Henrietta Yakubu, made this known to the

BUSINESS

Nigeria endorses AfDB’s Agro-Industrial zones

Daily Dispatch May 2, 2019

Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SAPZ) initiative. They described it as a pathway to Africa’s agricultural revolution. SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and

BUSINESS

MAN, LCCI fault governor Yari’s claims of possible recession

Daily Dispatch April 30, 2019

The Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI), have disagreed with the prediction by the chairman of the Nigeria Governors’ Forum, Abdulaziz Yari on the looming recession. Mr Yari, had told the newly-elected governors on Monday, to prepare for another cycle of possible economic recession by mid-2020. The […]

BUSINESS

Transcorp wins bid for Afam power plant

Daily Dispatch April 30, 2019

The chairman, Technical Committee of the National Council on Privatization (NCP), Mr. M.K. Ahmed on Tuesday announced Transcorp Power Consortium as the winner of the commercial and financial bid for the privatization of Afam Power Plc. Represented at the bid opening ceremony in Abuja by, Dr. Ayo Teriba, at the end of the exercise, he said […]

BUSINESS

Presidential panel says it recovered N40 million from anonymous bank

Daily Dispatch April 30, 2019

The Special Presidential Investigation Panel for the recovery of Public Property says it has recovered over N40m for the Federal Government from one of the commercial banks in the country. This was made known in a statement signed by the panel’s Head, Media and Communication, Lucie-Ann Laha, on Tuesday in Abuja. The panel said it […]

BUSINESS

No lending to Sudan – IMF

Daily Dispatch April 29, 2019

The International Monetary Fund (IMF) says it will continue to provide Sudan with technical assistance and policy support. It however said that it cannot offer additional financing because of the country’s arrears, a senior IMF official said. Sudan’s Transitional Military Council is in talks with opposition groups on the formation of a joint body to […]