BUSINESS

Aliyu Babangida, others wrongly advised Jonathan to withdraw fuel subsidy- Okonjo-Iweala

Daily Dispatch April 27, 2018

Former Coordinating Minister of the Economy and Finance, Ngozi Okonjo-Iweala, has revealed how a former governor of Niger State, Babangida Aliyu and his counterparts ‘wrongly’ advised former President Goodluck Jonathan to announce the withdrawal of fuel subsidy on January 1, 2012. The

BUSINESS

CBN: 500,000 agent banks to be established in rural areas

Daily Dispatch April 26, 2018

The Central Bank of Nigeria (CBN) is working with the Bankers’ Committee to establish 500,000 agent banks in parts of the country, especially in places with high rate of financial exclusion like the north east and northwest. Director, Banking and Payments System Department, CBN, Dipo Fatokun, who disclosed this in Abuja, yesterday, said the agent […]

BUSINESS

Lagos government receives $43 billion investment proposals in three years

Daily Dispatch April 26, 2018

The Lagos State Government on Thursday said the state received over $43 billion worth of investment proposals in the last three years. Prof. Ademola Abass, the Special Adviser, Office of Overseas Affairs and Investment, disclosed this at Alausa, during the agency’s Ministerial briefing to mark the third year in office of Gov. Akinwunmi Ambode. Abass […]

BUSINESS

Modular refineries: FG grants 38 entrepreneurs operating licences

Daily Dispatch April 25, 2018

The Federal Government of Nigeria today stated that it has granted Operating licences for the establishment of modular refineries ranging from between 50,000 to 250,000 barrels in the Niger Delta to thirty eight entrepreneurs in the Country. The Senior Technical Adviser to the Minister of Petroleum Resources in charge of Refining and Downstream Infrastructure, Mr. […]

BUSINESS

AEDC raises revenue collection to N5.9bn as losses to 40%

Daily Dispatch April 25, 2018

The Abuja Electricity Distribution Company (AEDC) said it has improved its revenue collection to N5.9 billion in March 2018 while it reduced its Aggregate Technical, Commercial and Collection (ATC&C) losses to less than 40 per cent. The Managing Director of Copperbelt Energy Corporation (CEC) Africa, the core investor in AEDC, Emmanuel Katepa in an exclusive interview

BUSINESS

MTN proposes $500m IPO- SEC

Daily Dispatch April 25, 2018

The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO). A senior management staff of SEC who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos that MTN had commenced discussion with the commission […]