BUSINESS

Nigerian Stock Exchange lifts suspension on Unity Bank

Daily Dispatch November 5, 2018

The Nigerian Stock Exchange (NSE) on Friday lifted the trading suspension placed on the shares of Unity Bank Plc barely one day after the bank was suspended along with five other listed firms for not filling their accounts in accordance with the post-listing requirements of the exchange. Unity

BUSINESS

Dangote vehicle plant enters expansion drive

Daily Dispatch November 5, 2018

Dangote Sinotruk West Africa Limited, a budding automobile company, has entered another phase in its expansion drive. The company has said that it was increasing its local input into the assembling plant to up to 60 per cent, even as it plans to roll out commercial vehicles soon. The expansion drive, which is part of […]

BUSINESS

I’m not preventing FG from signing AfCFTA – Dangote

Daily Dispatch November 5, 2018

Africa’s richest man, Aliko Dangote, has said he is not the one preventing the Federal Government from signing the Africa Continental Free Trade Agreement, AfCFTA. Dangote made the clarification while speaking in a panel session at the just concluded Africa Trade forum held in Lagos and sponsored by the African Union, the United Nations Economic […]

BUSINESS

44 fuel depot owners jittery as Dangote mulls 65.4m litres daily output

Daily Dispatch November 4, 2018

Over 44 importers and owners of fuel depots in Nigeria are jittery as Dangote advanced works on its refinery billed to produce and truck-out 65.45 million litres daily. The Nigeria’s 40 million litres per day average petrol supply template has already been altered by the Dangote Oil Refinery Company (DORC) through which fuel in excess […]

BUSINESS

AGF: Federal government to stop bearing cost of service charge for TSA payments

Daily Dispatch November 4, 2018

Henceforth, the Federal Government will no longer bear the service charge cost on all payments to its Ministries, Departments and Agencies (MDAs) as such costs will be borne by the payer. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this in a statement issued by Mr Johnson Oise, Director, Press, Office of the […]

BUSINESS

Official: GenCos yet to receive payment for electricity since June

Daily Dispatch November 4, 2018

The Association of Power Generation Companies (APGC) says power Generation Companies (GenCos) have not received payment for electricity generated since June 2018 from the Nigerian Bulk Electricity Trading PLC (NBET). The Executive Secretary of APGC, Dr Joy Ogaji, said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. Ogaji […]