BUSINESS

Prices of food stuff crashes

Daily Dispatch August 15, 2018

Prices of food items have started crashing in parts of Nasarawa State following the arrival of newly harvested farm produce. A survey conducted by NAN in some markets in Keffi Local Government Area of the state on Wednesday revealed that the prices of maize and local rice had reduced but that

BUSINESS

Nigeria’s Total Debt Rose To N22.37trn By H1 – DMO

Daily Dispatch August 14, 2018

Nigeria’s national debt stood at 22.37 trillion naira ($73.1 billion) at the end of June 2018, up 3 percent from six months earlier. The Director+General Debt Management Office Patience Oniha told a news briefing on Tuesday. Oniha said debt rose after the office issued a $2.5 billion Eurobond in February. Nigeria’s debt stood at 21.68 […]

BUSINESS

Price of cooking gas crashes as FG removes VAT

Daily Dispatch August 13, 2018

Indications emerged at the weekend that the Federal Government has finally succumbed to stakeholders’ pressure by removing Value Added Tax, VAT, on Liquefied Petroleum Gas, LPG, popularly called cooking gas. With this development, consumers should expect a crash in the price of cooking gas by about 20 percent. Currently, a 12.5kg bottle of gas sells […]

BUSINESS

NNPC, Seplat sign agreements to supply 3.4bscfd of gas by 2020

Daily Dispatch August 13, 2018

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, Assa North and Ohaji South (ANOH) gas development scheme, is one of the 7 Critical […]

BUSINESS

Bank of Industry to drive import substitution with leather products financing scheme

Daily Dispatch August 13, 2018

The Bank of Industry (BoI) has unveiled the Aba finished leather goods cluster financing programme targeted at over 150,000 artisans in the cluster. This initiative is aimed at improving capacity of operators in the leather products manufacturing sector and intensify import substitution. According to the bank, the financing programme will see beneficiaries accessing up to

BUSINESS

FG to give N2 million collateral free loans

Daily Dispatch August 12, 2018

*EACH STATE, FCT TO GET MINIMUM 30,000 BENEFICIARIES *SCHEME OPENS IN LAGOS, KANO & ABIA TO FOLLOW *GOES ROUND COUNTRY BY YEAR END In a determined and significant bid to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status, the Buhari administration has launched a new initiative under […]