BUSINESS

Customs to begin Electronic Cargo Tracking System next year

Daily Dispatch November 21, 2018

The Nigeria Customs Service (NCS), says plans are ongoing to introduce Electronic Cargo Tracking System in 2019 to enhance its operations at various border posts in the country. The Comptroller-General of Customs, Col. Hameed Ali (rtd) made this known at a joint press conference with his

BUSINESS

ECOWAS single currency: Presidential Task Force to meet Dec

Daily Dispatch November 21, 2018

The ECOWAS Presidential Task Force on single currency would meet in December to achieve the 2020 target for a monetary union, the commission’s President, Mr Jean-Claude Brou has said. Brou said this while presenting the Community Work Programme at the ongoing Second Ordinary Session of the ECOWAS Parliament on Wednesday in Abuja. The commission’s president […]

BUSINESS

Oil bounces above $63 after slide

Daily Dispatch November 21, 2018

Oil bounced above 63 million a barrel on Wednesday to claw back some of the previous day’s six per cent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories last week fell by 1.5 million barrels, easing concerns for […]

BUSINESS

NBS: Inflation rate drops to 11.26% in October

Daily Dispatch November 21, 2018

The National Bureau of Statistics on Wednesday released the Consumer Price Index Report which measures inflation with inflation rate dropping from 11.28 per cent in September to 11.26 per cent in October. The bureau in its report which was made available to our correspondent stated that year-on-year, the 11.26 per cent represents a decline of […]

BUSINESS

FG begins exportation of cassava chips to Europe

Daily Dispatch November 21, 2018

The federal government has commenced the exportation of cassava chips to Europe, precisely Germany, through the Pacific Ring West Africa (PRWA) company. The government, through the Executive Secretary, Nigerian Export Promotion Council (NEPC), Segun Awolowo, flagged-off the product in Abuja. Speaking to journalists, shortly after the sealing of the container to be exported

BUSINESS

Coy seeks Obasanjo’s assistance in improved agric policies 

Daily Dispatch November 21, 2018

Former President, Chief Olusegun Obasanjo has been urged to support with encouraging the Nigerian government and other stakeholders in the agricultural sector to come up with policies that will be more investor-friendly in order to tap and utilize the country’s huge potentials.   The Country Cluster Commercial Lead Bayer West Central Africa, Laurent Perez made