BUSINESS

Africa must prioritise domestic revenue mobilisation to triple growth – Conference of Ministers

Daily Dispatch March 27, 2019

Africa’s needs to build more resilient economies if it is to have the resources to meet its development goals and targets over the next few decades. This requires the continent to prioritise domestic revenue mobilisation efforts and triple current rates of growth. These were some of the

BUSINESS

Stop activities of Shell in Ogoni, Rivers – US-based group urges Buhari

Daily Dispatch March 26, 2019

The National Union of Ogoni Students (NOUS International U.S.) has made another call on the President Muhammadu Buhari-led Federal Government to stop the activities of Shell Petroleum in Ogoni, Rivers State. The group recalled in a statement dated March 21, 2019 that 26 years ago, under the leadership of the late Ken Saro Wiwa, Movement for […]

BUSINESS

Breaking: CBN reduces monetary policy rate to 13.5%

Daily Dispatch March 26, 2019

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 14 per cent to 13.5 per cent. The CBN Governor, Mr. Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that […]

BUSINESS

AfDB, Elumelu Foundation, partner on youth entrepreneurship in Africa

Daily Dispatch March 26, 2019

The African Development Bank (AfDB) and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa. The Senior Communications Officer of AfDB, Mr Chawki Chahed made this known in a statement in Abuja on Monday. Chahed said the partnership would bring about future collaboration focused on strengthening small to […]

BUSINESS

We Need $461 Million To Fix New Airport Terminals – Minister

Daily Dispatch March 25, 2019

The Minister of State Aviation, Hadi Sirika, has urged the National Assembly to approve $461.8 million for additional work on the new terminals ongoing across the country. Mr Sirika made the request when he appeared before the Senate Committee on Aviation on Monday in Abuja for his ministry’s budget defence. He said the required amount, […]

BUSINESS

Shell signs $200m with UBA to help local contractors access project finance

Daily Dispatch March 24, 2019

Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. According to Bloomberg, the latest deal brought Shell’s Nigerian contractor support fund to $2.4 billion. The fund could be accessed by contractors who have a valid purchase order and […]