BUSINESS

Election-related uncertainty a great obstacle to Africa economies- Report

Daily Dispatch December 17, 2018

Political instability tends to peak around election time for most  African nations, which affects economic growth, according to a recent report “This scenario tends to dampen the GDP growth of some countries since economic growth shares a complex relationship with both elections and

BUSINESS

Subsidy claim: Muhammadu Buhari’s enemies plotting evil – Kabiru Marafa

Daily Dispatch December 17, 2018

Senator Kabiru Marafa, representing Zamfara Central, has warned that if marketers are not paid the outstanding of N800 billion, the enemies of the present administration may cause disquiet that will result in the return of fuel queues. The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) had last week suspended shut downing depots across […]

BUSINESS

Access Bank acquires Diamond Bank

Daily Dispatch December 17, 2018

Reports have confirmed that the Central Bank of Nigeria (CBN) in the course of the week would make public the announcement of the transaction leading to Access Bank’s acquisition of Diamond Bank. Other sources said the deal has been sealed, awaiting final ratification from the regulatory body. The acquisition was made possible by the CBN […]

BUSINESS

AfDB to fund $410million power transmission expansion in Nigeria

Daily Dispatch December 16, 2018

The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of $410m. Some of the lines, which are currently being constructed, will carry increased megawatts of electricity, as opposed to what obtained in many other transmission lines that’s according to the Transmission Company

BUSINESS

Bizman accuses Ecobank of defrauding him of N50million, demands N1billion damages

Daily Dispatch December 16, 2018

A businessman, Chief Linus Ukachukwu, has accused Ecobank Plc. of forging his documents to collect dividends of N50 million worth of shares from his company. To this end, Ukachukwu, while addressing newsmen in Abuja at the weekend, demanded N1 billion damages for forging his documents. He further explained that the bank forged his documents to […]

BUSINESS

Abuja new airport terminal can handle 15m passengers

Daily Dispatch December 16, 2018

The Federal Airports Authority of Nigeria (FAAN) has said the newly completed terminal building at the Nnamdi Azikiwe International Airport, Abuja, will process 15 million passengers annually when it begins operations. Mr Saleh Dunoma, the Managing Director of FAAN, said that the terminal building was designed essentially to transport passengers. He said the terminal