BUSINESS

MTN, Globacom, Airtel, 9Mobile grow subscription base by 3.86 million

Daily Dispatch January 2, 2019

November statistics released by the Nigerian Communications Commission (NCC) on its website has shown that GSM operators, MTN, Globacom, Airtel and 9Mobile, grew their subscription bases by 3.86 million new subscribers. As at October, they serviced 164.8 million but it increased to 168.7

BUSINESS

2019 elections: Stock market indicators depreciate by 19.77%

Daily Dispatch January 2, 2019

The year 2018 was not so rosy for the Nigerian Stock Exchange (NSE) as its crucial indicators depreciated by 19.77 per cent due to uncertainties surrounding the forthcoming general elections. The News Agency of Nigeria (NAN) reports that the exchange which was named the third best performing stock exchange in the world in 2017 with […]

BUSINESS

Oil markets kick off new year with losses on signs of economic slowdown

Daily Dispatch January 2, 2019

Oil markets dropped by around one per cent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. International Brent crude futures LCOc1 were at $53.19 per barrel at 0544 GMT, down 61 cents, […]

BUSINESS

FIRS remitted N4.63 trillion to FAAC between January and November 2018

Daily Dispatch January 1, 2019

The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown. The document presented during the Federation Account Allocation Committee (FAAC) meeting last week was obtained by newsmen in Abuja. The document shows

BUSINESS

Nigeria’s crude oil production rises by 9 percent

Daily Dispatch January 1, 2019

Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. Pitched against the low-level daily crude oil production in 2016 and what obtains now, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr.

BUSINESS

Tony Elumelu Foundation opens applications $100m entrepreneurship programme

Daily Dispatch January 1, 2019

The Tony Elumelu Foundation, an African-funded and founded philanthropy, committed to empowering African entrepreneurs is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs, a press statement from the organisation has