BUSINESS

TSA probe: Reps threaten First Bank MD with arrest warrant over non-appearance

Daily Dispatch May 16, 2018

The House of Representatives ad-hoc panel probing the management of the Treasury Single Account, TSA, on Tuesday threatened to issue a warrant of arrest on the Managing Director of First Bank Nigeria, Adesola Adeduntan, for allegedly refusing to honour several of its invitations to provide

BUSINESS

CBN injects $210m to defend Naira

Daily Dispatch May 15, 2018

The Central Bank of Nigeria (CBN) says it has  injected 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the system. The Acting Director,  Corporate Communications,  Mr Isaac Okorafor, disclosed this in a statement in Abuja, on Tuesday. He said the bank  allocated 100 million dollars to dealers in the wholesale […]

BUSINESS

Kaduna: NCS generates N9bn in 4 months

Daily Dispatch May 15, 2018

The Nigeria Customs Service (NCS),  Zone B, has generated over N9 billion from January to April 2018, the Zonal Coordinator, Mr Udo Emmanuel, has said. Emmanuel, an Assistant Controller General, made the disclosure in an interview with the News Agency of Nigeria (NAN) on Tuesday in Kaduna. ”We generated over N2.5 billion in January, over […]

BUSINESS

Inflation dropped to 12.48% in April –NBS

Daily Dispatch May 15, 2018

The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in April. The bureau said this in the CPI report, made available on Tuesday. The bureau, in the report, said this was the 15th consecutive months […]

BUSINESS

How President Of MTN Co-operative, Others Defrauded Staff Of N1.4Billion – Witness

Daily Dispatch May 13, 2018

A prosecution witness, Cyril Ilok, has told Justice Lateef Lawal-Akapo of a Lagos High Court sitting in Igbosere how former staff of MTN defrauded MTN Employees Co-Operative Society (MEMCOM) members of the sum of N1.4Billion. Ilok, who is the first prosecution witness works as a General Manager with the Business Risk Management Unit in MTN, […]

BUSINESS

BREAKING: NCAA Suspends First Nation AOC

Daily Dispatch May 13, 2018

For engaging in illegal operations, the Nigerian Civil Aviation Authority (NCAA) has suspended indefinitely the Air Operators’ Certificate (AOC) of First Nation Airways. This suspension was order was conveyed to the airline via a letter with reference no. NCAA/DG/CSLA/RM/1-06/18/2304, dated May. 11, 2018. The letter was signed by Capt. Muhtar Usman, the Director General of