BUSINESS

How alleged fraudsters stole N1.8bn from Sterling Bank

Daily Dispatch October 25, 2018

Two persons alleged to be fraudsters have been accused of obtaining the sum of N1.8 billion from Sterling Bank Plc by false pretence. The duo identified as Messrs Ogbor Kehinde Eliot and Kelvin Ejere Chris were, arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice

BUSINESS

Expert: 2019 budget size will reduce inflation threat

Daily Dispatch October 25, 2018

A financial expert, Prof. Uche Uwaleke, on Thursday said that the Federal Government’s decision to reduce the size of the 2019 budget to N8.73 trillion would reduce inflation threat. Uwaleke, Head of Banking and Finance Department, Nasarawa State University Keffi, told the News Agency of Nigeria (NAN) in Lokoja that the decision was wise considering […]

BUSINESS

Buhari to inaugurate new International Terminal at Port Harcourt Airport today

Daily Dispatch October 25, 2018

President Muhammadu Buhari is expected to inaugurate the new international terminal at the Port Harcourt International Airport today. Presidency Nigeria ✔@NGRPresident President @MBuhari will today in Port Harcourt, Rivers State commission the new Port Harcourt Airport International Terminal. #TheYearofInfrastructure #GovtAtWorkNG 8:55 AM – Oct 25, 2018 588 340

BUSINESS TOP STORIES

Economic Protectionism: CBN Policy on 41 Items Essential to Forestall Dwindling Foreign Reserves – Emefiele

Daily Dispatch October 24, 2018

By Punarimam Fehintola The Central Bank of Night (CBN), has said that the implementation of its restriction order on the 41 items is a delibrate act to Forestall the level of the country’s Dwindling Foreign Reserves. This is as it stated that Nigerians continuous consumption of foreign goods is detrimental to the nation’s domestic economic […]

BUSINESS

We’ll name, shame those who stole N60bn from defunct Nigerian Airways –Reps

Daily Dispatch October 24, 2018

The House of Representatives says it will investigate, reveal and make public the identities of those indicted in the looting of the defunct Nigerian Airways Ltd. to the tune of N60bn. The House also resolved ”to identify those involved and indicted by the White Paper, with the aim of ensuring they are prosecuted and made […]

BUSINESS

Yemi Osinbajo: Nigerians spend $8 billion annually on vehicles importation

Daily Dispatch October 24, 2018

Vice President Yemi Osinbajo said in Abuja that Nigerians spent about 8 billion dollars, annually, on importation of vehicles. Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair on Tuesday. “The government is fully committed to industrialisation and the mining