BUSINESS

CBN okays compensation for 500,000 rice farmers affected by flood

Daily Dispatch January 15, 2019

The Rice Farmers Association of Nigeria (RIFAN) said the Central Bank of Nigeria (CBN) has approved compensation for over 550,000, rice farmers affected by the 2018 flood disaster. RIFAN National President, Alhaji Aminu Goronyo, on Tuesday in Abuja told News Agency of Nigeria (NAN) that the CBN

BUSINESS

$8.1bn repatriation: HEDA raises eyebrow over FG resolution

Daily Dispatch January 13, 2019

The Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organization and non-partisan human rights and development league, has invoked a Freedom of Information Act on the Central Bank of Nigeria (CBN), asking it for detailed information on the alleged resolution between the apex bank and telecommunication giant, MTN Nigeria, on the charges

BUSINESS

Dangote refinery receives RFCC’s Regenerator, begins installation of equipment

Daily Dispatch January 13, 2019

The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC). Mr Rama Putta, the Head of Quality Assurance/Quality Compliance and Construction, DORC, made this known on Sunday in Lagos. The News Agency of Nigeria (NAN) reports […]

BUSINESS

Ahead of 2019 General Elections, Nigeria releases N100bn sukuk to fund 28 road projects

Daily Dispatch January 11, 2019

President Muhammadu Buhari’s government plans to fix and construct 28 new roads across Nigeria’s six geo-political zones as he runs for relection next month. To meet this demand, the Debt Management Office (DMO), on Thursday, released N100 billion sukuk bond issued in December 2018 with the expectation that each of the six geo-political will receive […]

BUSINESS

Buhari: I’ll end illegal tax collections

Daily Dispatch January 11, 2019

Nigeria’s President, Muhammadu Buhari on Friday in Abuja pledged that the Federal Government will look into the issue of illegal tax collections with a view to encouraging more private sector businesses to thrive in the country. Receiving the leadership of the Amalgamated Union of Foodstuff and Cattle Dealers Association of Nigeria (AUFCDN), led by Alhaji […]

BUSINESS

Ekiti Govt. adopts Treasury Single Account (TSA)

Daily Dispatch January 10, 2019

The Treasury Single Account (TSA) policy of the Federal Government is to be replicated in Ekiti, as the state has adopted the system. The News Agency of Nigeria (NAN) reports that the decision was reached at the end of the state’s weekly Executive Council Meeting in Ado Ekiti to block leakages of government revenues. Yinka […]