BUSINESS

Access Bank Managing Director, Wigwe, Others Charged With N2.5billion fraud

Daily Dispatch March 10, 2019

For his alleged involvement in a N2.5billion fraud, the Managing Director and Chief Executive Officer of Access Bank Plc, Herbert Wigwe, the bank and others, have been charged before an Ogun State High Court, Sagamu by the Special Fraud Unit (SFU) of the Nigeria Police Force, Milverton

BUSINESS

CBN, EFCC partner to prevent economic criminals from opening bank accounts

Daily Dispatch March 8, 2019

Officials of the Central Bank of Nigeria and their counterparts in the Economic and Financial Crimes Commission met on Thursday, with the aim of strengthening the country’s fight against economic crimes. A statement from the apex bank said any individual or corporate body found to be involved in economic crime might be barred from opening […]

BUSINESS

AU to establish African Central Bank by 2045

Daily Dispatch March 7, 2019

The plan to establish the African Central Bank (ACB) by the African Union will likely come to fruition by 2045. Ms Naglaa Nozahie representing the Association of African Central Banks (AACB), said this while presenting the progress report on the convergence of criteria for the ACB to the African Union on Thursday. The briefing was […]

BUSINESS

MTN earned N453bn in 2018

Daily Dispatch March 7, 2019

MTN Nigeria recorded N453.1 billion Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in 2018. The communications company also attracted an additional six million subscribers to its network in the year. The company made the disclosure in its annual report released on Thursday in Lagos. It said that the six million subscribers brought the total […]

BUSINESS

Buhari approves NNPC’s operational budget for 2019

Daily Dispatch March 6, 2019

President Muhammadu Buhari has approved the 2019 operational budget of the Nigerian National Petroleum Corporation (NNPC), the Group Managing Director of e state oil company, Dr. Maikanti Baru, disclosed Wednesday. Although Baru did not state how much the corporation’s budget for 2019 was worth, he however disclosed that Buhari was gracious to approve it early […]

BUSINESS

Single currency sets to take off by 2020 – ECOWAS Parliament  

Daily Dispatch March 6, 2019

By Punarimam Fehintola ECOWAS Parliament will be championing the adoption of the single currency project in West Africa before  its 2020  deadline . Members of ECOWAS have being working towards a common currency for the West African Monetary Zone to facilitate easy trading within the zone. The Speaker of ECOWAS Parliament, Moustapha Cisse Lo stated […]