BUSINESS

Most capital projects are uncompleted, poorly executed – BudgIT

Daily Dispatch December 12, 2018

BudgIT, a civic organisation, on Wednesday said most capital projects in the country are left undone or uncompleted while those completed are poorly executed. The organisation explained that this has given room for critical gaps in infrastructural development in the country. BudgIT spoke in a

BUSINESS

2019: IATA says African airlines to lose $300m

Daily Dispatch December 12, 2018

The International Air Transport Association (IATA) says African carriers are expected to report a $300 million net loss in 2019. The Geneva-based apex aviation body said this was a slight improvement from the $400 million net loss recorded by airlines in the region in 2018. IATA made the projection in a statement issued by its […]

BUSINESS

OPEC to review cuts impact in April

Daily Dispatch December 12, 2018

Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday. OPEC and some non-OPEC producers decided to cut output by 1.2 million barrels per day for six months from January after world prices shed a […]

BUSINESS

Aliyu Wamakko trains 400 youths on business plans

Daily Dispatch December 12, 2018

The senator representing Sokoto North senatorial district, Aliyu Magatakarda Wamakko, in collaboration with the Central Bank of Nigeria (CBN), and the National Directorate of Employment (NDE), Tuesday commenced the training of 400 unemployed youths from across Sokoto State on how to effectively prepare profitable and acceptable feasibility studies and business plans. This

BUSINESS

MTN $8.1bn repatriation case: Court adjourns till Jan.22

Daily Dispatch December 12, 2018

A Federal High Court Lagos, on Wednesday, further adjourned until Jan. 22, 2019 for report of settlement in a suit between MTN Nigeria Communications Ltd, and the Central Bank of Nigeria (CBN) over repatriation of 8.1 billion dollars. Justice Saliu Saidu adjourned the case for report after parties had informed the court that they were […]

BUSINESS

Capital importation decreases to $2.85 billion in Q3 –NBS

Daily Dispatch December 12, 2018

The National Bureau of Statistics (NBS) says the total value of capital importation into Nigeria reduced to 2.855 billion dollars in the third quarter. The NBS disclosed this in its “Nigeria Capital Importation (Q3 2018)’’ report released on Tuesday in Abuja. According to the bureau, the figure represents a 48.21 per cent decrease, compared to the […]