BUSINESS

Naira closes stables as CBN lifts forexmarket with $210million

Daily Dispatch May 23, 2018

The nation’s currency closed stable on Wednesday after the Central Bank of Nigeria (CBN) made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers needs in the various segments of the market, the CBN

BUSINESS

Global Warming May Have ‘Devastating’ Effects On Rice – Study

Daily Dispatch May 23, 2018

As carbon dioxide rises due to the burning of fossil fuels, rice will lose some of its protein and vitamin content, putting millions of people at risk of malnutrition, scientists warned on Wednesday. The change could be particularly dire in southeast Asia where rice is a major part of the daily diet, said the report […]

BUSINESS

DMO: Nigeria must take loans to fund 2018 budget

Daily Dispatch May 22, 2018

The director general of Debt Management Office (DMO), Patience Oniha, says the federal government must take loans to fund the 2018 budget and the capital projects. Speaking on Monday at the public presentation of the Spring 2018 issue of the International Monetary Fund Regional Economic Outlook for Sub-Saharan Africa, Oniha said Nigeria can not claim […]

BUSINESS

bREAKIN: CBN retains monetary policy rate at 14%

Daily Dispatch May 22, 2018

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that eight out of […]

BUSINESS

Breaking: GDP growth dips in 2018, after 2017 exit from recession

Daily Dispatch May 21, 2018

The rate at which gross domestic product grew in the first quarter of 2018 slowed from 2.1 percent points in the fourth quarter of 2017 to 1.95 percent points in 2018. According to the Gross Domestic Product report released by the National Bureau of Statistics on Monday, this decline is despite an increase in oil […]

BUSINESS

Nigerian aviation industry records milestone under Buhari — FAAN MD

Daily Dispatch May 20, 2018

Saleh Dunoma, Managing Director, Federal Airports Authority of Nigeria (FAAN), says the Nigerian aviation has recorded milestone achievements within three years of President Muhammadu Buhari’s administration. Mr Dunoma identified safety and security as some of the areas that received priority attention in the industry. The managing director told the News Agency of Nigeria