BUSINESS

vulcanisers, Hair dressers, to access N220bn MSME fund

Daily Dispatch September 3, 2018

The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF). Mr. Isaac Okorafor, Director, Corporate Communications Department of the CBN, announced the plan while

BUSINESS

School uniforms from China contain cancer-causing substance- SON alleges

Daily Dispatch August 31, 2018

The Standards Organisation of Nigeria (SON) has cautioned importers of school uniforms into the country against some cancer-causing substances found in some materials made by two Chinese-based companies – Sing Shun Fat School-Clothier Company and Zenith Uniform Company. A statement from the office of the Director General of SON, Osita Aboloma, disclosed that the azo […]

BUSINESS

NIGERIA SUSPENDS PIPELINE MONITORING CONTRACT OVER OIL THEFT

Daily Dispatch August 29, 2018

The Federal Government has suspended the contract it awarded to Topline Security, a private firm, for the protection of petroleum pipelines belongings to the Nigerian National Petroleum Corporation  (NNPC). The contract which saw Topline Security monitoring the length of the pipeline from Atlas Cove in Lagos to Mosimi in Ogun was said to have been […]

BUSINESS

Britain, Nigeria agree $2.6milliom Fintech partnership in Lagos

Daily Dispatch August 29, 2018

As part of her visit to Nigeria on a three-day, three-nation trip to Africa, the British Prime Minister, Theresa May is in Lagos where she’s  meeting with business leaders and announce the formation of a U.K.-Nigeria fintech partnership. The PM who earlier met with President Muhammadu Buhari at the presidential villa, Abuja. The fintech partnership which […]

BUSINESS

Breaking: CBN Clamps Down on Four Banks; Writes MTN to Refund $8bn

Daily Dispatch August 29, 2018

……Standard Chartered – N2.4 bn …Stanbic IBTC                  – N1.8 bn …Citibank                             – N1.2 bn …Diamond Bank  – N0.25 bn …writes MTN to refund $8 billion The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same to refund the sum of

BUSINESS

Buhari Withholding Assent To PIGB, A Grave Setback In Nigeria’s Petroleum Industry Reform – ANN.

Daily Dispatch August 29, 2018

    One of Nigerian opposition political party, Alliance for New Nigeria, ANN, has express its displeasure over President Muhammadu Buhari’s refusal to assent to the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly in March 28, 2018, thereby throwing the historical petroleum industry reform into serious setback.