BUSINESS

Naira gains 40 kobo to firm against dollar

Daily Dispatch August 9, 2018

The Naira on Thursday gained 40 kobo to firm against the dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the Nigerian currency exchanged at N358, stronger than N358.4 traded on Wednesday, while the Pound Sterling and the Euro closed at N480 and N417,

BUSINESS

Edo JAAC declares N3.2bn as allocation for July

Daily Dispatch August 7, 2018

A whopping sum of N3.2 billion has been declared as the total allocation accrued to the state in the month of July by the Edo State Joint Account Allocation Committee (JAAC). With this declaration, the state has recorded an increase of N300 million compared to the previous month, when it hauled in a total of […]

BUSINESS

CBN governor advocates public, private funding collaboration on research and development

Daily Dispatch August 7, 2018

Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has affirmed that to increase investment in Research and Development (R&D), that leads to innovation, there must be a conscious funding collaboration by the public and private sectors to ameliorate this situation. He made this remark at the 4th Conference on Microfinance and Enterprise Development with the […]

BUSINESS

CBN injects $210m in foreign exchange market

Daily Dispatch August 7, 2018

The Central Bank of Nigeria has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statement on Tuesday, said that 100 million dollars was offered to authorised dealers in the wholesale segment of […]

BUSINESS

How central bank supported 400,000 farmers, 1.2 million indirect jobs with Anchor Borrower

Daily Dispatch August 6, 2018

Four hundred thousand farmers have so far been supported financially and technically to grow 12 crops under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN). The initiative, operated through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has also created about 1.2 million indirect jobs along the agricultural

BUSINESS

Okomu oil, Dangote cement shares depreciate at NSE

Daily Dispatch August 3, 2018

The price movement table at the Nigerian Stock Exchange (NSE) on Friday indicated that Okomu Oil topped the losers’ chart, dropping by N5 to close at N76 per share. The News Agency of Nigeria (NAN)  reports that Dangote Cement depreciated by N1 to close at N229, while Cadbury dropped by 95k to close at N9.75 per […]