BUSINESS

Afreximbank supports African SMEs, sign $30 facility with African Guarantee Fund

Daily Dispatch December 27, 2018

As part of measures to support Small and Medium Enterprises (SMEs) the African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a $30 million re-guarantee facility. The Director, Trade Finance of Afreximbank, Mr Gwen Mwaba, made this known on

BUSINESS

Niger Delta group blasts Buhari over Nigeria’s worsening economic situation

Daily Dispatch December 27, 2018

A socio economic and political pressure group, the Niger Delta Development Initiative (NDDI), has blamed Nigeria’s worsening economic statistics in recent times on the policies of President Muhammadu Buhari. The group has also criticized the President for the failure of his anti-corruption campaign and allowing his party, the APC to shelter corrupt politicians they had

BUSINESS

CBN Injects $210m Into Foreign Exchange Market

Daily Dispatch December 27, 2018

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market. Mr Isaac Okorafor, CBN Director, Corporate Communications, made this known on Thursday in Abuja. Okorafor said that the apex bank offered 100 million dollars as […]

BUSINESS

NASS to back indigenous companies producing pipe and coating in oil and industry – Senator Adeola YAYI

Daily Dispatch December 26, 2018

The National Assembly is to back two major Nigerian companies in the business of pipe making and coating in the oil and gas industry in Nigeria. Disclosing this at the end of a day inspection visit to Solewant Nigeria Limited, a $48billion paint and cement pipe coating factory at Alode, Eleme in Rivers State, Senator […]

BUSINESS

CAC registers 69,000 companies In 2 months

Daily Dispatch December 26, 2018

The Corporate Affairs Commission (CAC) has disclosed that it registered over 69,000 business entities in two months. This was coming after the launch of its Business Incentive Strategy (BIS). The acting Registrar-General of CAC, Lady Azuka Azinge, who said this during a media roundtable in Abuja recently explained that before now, the number of business […]

BUSINESS

Kano: Hisbah Board destroy trailer loads of beer

Daily Dispatch December 26, 2018

The Kano State Hisbah Board has seized and destroyed over 30 trailer loads of beer reportedly worth between N5.2 million and N5.5 million. In a statement released on Tuesday the board’s Public Relations Officer, Adamu Yahaya, said that the cartons of beer were destroyed on Monday evening after interception at Kalebawa on Danbata Road in […]