BUSINESS

Privatisation stimulates foreign direct in-flow- Dr. Ayo Teriba

Daily Dispatch June 12, 2018

A leading Economist and the Chief Executive Officer of Economic Associates, Dr. Ayo Teriba, has canvassed for Nigeria to open its economy, contending privatization stimulates foreign direct in-flow. “Privatisation is the tool which most countries use to check their liquidity issue and beef up

BUSINESS

BoI disburses N2bn loan to cooperative societies

Daily Dispatch June 12, 2018

The Bank of Industry (BOI) in conjunction with Benue State Government has began disbursement of N2 billion loan to 138 cooperative societies, Gov. Samuel Ortom,  said on Tuesday. Ortom, who said this at a workshop for  members of cooperative societies in Makurdi,  said  an additional N358 million had been approved for 78 more cooperative societies. […]

BUSINESS

Buhari: Why I refused to remove Emefiele

Daily Dispatch June 9, 2018

President Muhammadu Buhari says he refused to replace Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), when he took over power because he wanted to give him the opportunity to salvage the economy from its “terrible condition”. Buhari said this on Friday night when he hosted some of his supporters at the presidential […]

BUSINESS

NCC Will Resolve N165b Interconnect Debt – Danbatta

Daily Dispatch June 8, 2018

Prof. Umar Danbatta, the Executive Vice Chairman, Nigerian Communications Commission on Thursday, said the commission was taking pragmatic steps to resolve the N165 billion interconnect debt owed by some telecom operators.Danbatta disclosed this when the President of the Association of Telecommunications Companies of Nigeria, Olusola Teniola, led his team to visit the NCC

BUSINESS

$16 BILLION EGINA PROJECT INCURRED $2BILLION VARIATION

Daily Dispatch June 8, 2018

-Senate Approve Forensic Value for Money Audit The ongoing Total Upstream Nigeria Limited Egina Deep Sea oil project has so far incurred a cost variation of over $2 billion according to the Interim Report presented to the Senate by its Ad Hoc Committee on Investigation of Local Content elements and Cost Variation Relating to Egina […]

BUSINESS

VAIDS: FG realises N30bn of N350bn target

Daily Dispatch June 6, 2018

The federal government has realised N30 billion of its N350 billion target for the Voluntary Assets and Income Declaration Scheme programme. VAIDS, a tax amnesty programme, which was supposed to last for nine months between July 2017 and March 2018 was extended for another three months by the federal government. Babatunde Fowler, chairman of the […]