BUSINESS

How FAAC disbursed N1.92trillion to 3 tiers of govts in 1st quarter

Daily Dispatch April 22, 2019

The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019, according to the National Bureau of Statistics (NBS). The NBS said this in FACC monthly allocation for January, February and March, 2019 Disbursement statistics

BUSINESS

Fire outbreak: Aiteo declare force majeure

Daily Dispatch April 22, 2019

Nigeria’s crude oil exports have suffered a setback as Aiteo Eastern Exploration and Production Company Limited declared force majeure on Nembe Creek Trunk Line following a fire outbreak. The NCTL, a major crude oil transportation channel used for export, evacuates crude to the Bonny Crude Oil Terminal. It is 100 kilometres long and has a […]

BUSINESS

Rising Debt: We are mindful of our borrowings, says FG

Daily Dispatch April 21, 2019

The Minister of Finance, Mrs Zainab Ahmed says while government borrows to deliver on its promises, it was also mindful of rising debt burden, which eats up about 25 per cent of the country’s annual earnings. Ahmed said this in an interview with the News Agency of Nigeria (NAN) on the side-line of the just […]

BUSINESS

NBS: Price of imported rice drop in March

Daily Dispatch April 21, 2019

The National Bureau of Statistics (NBS) said average price of one kilogramme (kg) of rice (imported high quality sold loose) decreased month-on-month in March. The NBS said this in its “Selected Food Price Watch (March 2019)’’ report released on its website. The bureau said rice price decreased year-on-year by -0.39 per cent and decreased month-on-month […]

BUSINESS

Russia bans oil export to Ukraine

Daily Dispatch April 18, 2019

Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian imports. Relations between the former Soviet neighbours have been at an all-time low since Russia’s 2014 annexation of Ukraine’s Crimea region in retaliation for Kiev ousting its Kremlin-backed president. Medvedev cast

BUSINESS

Ghana Solicits ECOWAS Support For Bid To Host AfCFTA Secretariat

Daily Dispatch April 18, 2019

By Punarimam Fehintola As the eventual takeoff of the African Continental Free Trade Area (AfCFTA), draws nearer, Ghana has solicited the support of the ECOWAS  in its bid to host the Secretariat of the propose continental free trade initiative, in its capital, Accra. This Ghanaian minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey […]