BUSINESS

Breaking: 50% Business Name Registration Cost Extended Till March – FG

Daily Dispatch January 9, 2019

The Federal Government has extended the window for registration business names at the reduced cost of N5,000.00 by 90 days, to end by March. Moses Adaguusu, the Deputy Director, Public Affairs, Corporate Affairs Commission, in a statement, noted that the move is part of efforts to deepen the

BUSINESS

All-female air peace crew foil attempt to traffic three-day-old baby

Daily Dispatch January 9, 2019

An all-female crew of Air Peace have foiled the attempt by a kidnapper to traffic a three-day old baby to Lagos from Port Harcourt International Airport (PHIA). The airline said the all-female crew comprised Captain Sinmisola Ajibola, Senior First Officer Onohi Agboighale, Mojoko Ewane, Taiye Abbey, Victoria Ukpiaifo and Ngozi Ezeamaka. A source close to […]

BUSINESS

After resigning, World Bank chief joins airport owner, Bayo Ogunlesi, in private business

Daily Dispatch January 9, 2019

World Bank President, Jim Yong Kim, who announced his resignation from the international bank, has revealed he is going into private business practice with Nigerian born businessman, Bayo Ogunlesi. Financial Times reports that Jim Yong Kim would join Ogunesi’s Global Infrastructure Partners, a New York-based private equity fund, in a position, where he would be barred […]

BUSINESS

CBN injects $210miInto foreign exchange market

Daily Dispatch January 8, 2019

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The Director, Corporate Communications, CBN, Mr Isaac Okorafor, on Tuesday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions and allocated 55 million […]

BUSINESS

Nigeria’s 2.1% Economic Growth To Spur W/Africa’s 2019 Forecast

Daily Dispatch January 8, 2019

Nigeria’s 2.1 percent economic growth projection in 2019 is expected to drive the regional growth forecast  of 2.9 percent, the United Nations report has projected. The report by the UN Secretary-General on the ‘Socioeconomic Trends’ West African sub-region, forecasted an economic rebound in the West Africa sub-region in 2019. “The region’s economic growth is projected

BUSINESS

AfDB’s $14m to support Nigeria’s membership of ATI

Daily Dispatch January 8, 2019

The African Development Bank Group (AfDB), through its Trade Finance operations, has approved a $14.12 million facility to support Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have […]