BUSINESS NEWS

Nigerian govt commences fresh N-Power category, reveals procedures

Daily Dispatch December 16, 2018

The federal government has commenced ‘N-Power-Enhance’, designed to advance the social investment programme (N-Power) Senior Special Assistant to President Muhammadu Buhari on Job Creation and Youth Employment and the National Coordinator of the Federal Government Social Investment Programme,

BUSINESS

AfDB approves $7.24b for 2019 borrowing programme

Daily Dispatch December 16, 2018

The Board of the African Development Bank (AfDB) has approved $7.24 billion for institution’s 2019 borrowing programme to be raised from the capital markets. The Bank’s Treasurer, Hassatou N’Sele, said the continental bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances […]

BUSINESS

States Will Soon Access World Bank’s $750m Loan, Grant – FG

Daily Dispatch December 14, 2018

The Federal Government says the 36 states and the Federal Capital Territory will soon access the World Bank’s 750 million dollar loan and grant. The Minister of Finance, Zainab Ahmed, said this on Friday in Abuja. Ahmed said this while addressing the 7th Community of Practice made up of State Commissioners of Planning and Budgeting, with […]

BUSINESS

Inflation rate rises in November ahead of Christmas shopping

Daily Dispatch December 14, 2018

The National Bureau of statistics (NBS), has released the Consumer Price Index (CPI), which measures inflation rate for the month of November. According to the NBS, the CPI for November increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October. The agency disclosed this in its “CPI and Inflation Report’’ […]

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Breaking #2019Debate: Peter Obi rejects Osinbajo’s explanation on subsidy

Daily Dispatch December 14, 2018

Again, the Vice Presidential Candidates of the All Progressives Congress and Peoples Democratic Party, Prof. Yemi Osinbajo and Peter Obi disagreed on payment of subsidy. While Osibanjo said it should be retained temporarily, Obi said it should be removed completely. Osibanjo said: “The major problem with subsidy is the abuses. A subsidy is not a […]

BUSINESS

Nigeria to auction N70billion bonds

Daily Dispatch December 12, 2018

The Debt Management Office says the Federal Government is to auction by subscription bonds worth N70 billion on December 19. The DMO said in a circular issued via its website on Wednesday in Abuja that the five-year re-opening bonds of N20 billion, which would mature in April 2023, was offered at 12.75 per cent. The […]