BUSINESS

CBN monetary policy to commercial banks: Edo govt calls for review

Daily Dispatch November 29, 2018

ABIODUN JIMOH, BENIN CITY Edo State government has expressed that the Central of Bank of Nigeria (CBN) monetary policy has negatively affected the commercial bank’s interest rates to Small and Medium  Enterprises (SMEs). The state Commissioner for Wealth Creation, Cooperatives and

BUSINESS

Development bank enlists 35, 000MSMES for Micro-Credit

Daily Dispatch November 29, 2018

The Development Bank of Nigeria (DBN) has said it has signed on at least 35,000 Micro Small and Medium Enterprises (MSMEs)/end borrowers within its first full year of operation. The Managing Director of the Development Bank, Mr. Tony Okpanachi, said the number translated to a 75 per cent increase over the 20,000 MSMEs projection earlier […]

BUSINESS

$1.9 billion Remittance Fraud: FG investigating Mobil

Daily Dispatch November 29, 2018

The management of oil giant, Mobil has ran into serious financial trouble with Nigeria after it was alleged that it short changed the government in tax remittance and payment for oil block amounting to a whopping $1.9bn A senior presidential assistant and Chairman of the Special Panel on Recovery of Public Properties, Mr. Okoi Obono-Obla, […]

BUSINESS

Africa’s blue economy can generate $4 trillion yearly if properly harnessed – Vera Songwe

Daily Dispatch November 28, 2018

The Executive Secretary of the Economic Commission for Africa (ECA),Vera Songwe says the entire Africa’s blue economy  is capable of generating about $4 trillion annually if properly harnessed In her remarks during the Leaders Commitment Segment of the Sustainable Blue Economy Conference on 26 November in Nairobi, Vera  said the Commission would work together with the […]

BUSINESS

FG to invest $150 million World Bank loan to develop mining sector – Minister

Daily Dispatch November 28, 2018

The federal government has said the proposed $150 million World Bank  loan to the country would be fully utilised to develop the mining industry The minister of mining and steel development Abubakar Bwari said the move was part of the country’s efforts to develop and position the mining sector as a buoyant alternative source of […]

BUSINESS

Nigeria, Saudi Arabia strategise for OPEC

Daily Dispatch November 28, 2018

Nigeria and Saudi Arabia have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while briefing newsmen on Wednesday in Abuja after a brief meeting with the Saudi Arabian Minister of oil and Energy HE Khalid […]