BUSINESS

Offa robbery: First Bank, government to partner on security

Daily Dispatch April 9, 2018

First Bank Holdings has expressed its readiness to collaborate with the government in providing security in Offa Local Government Area of Kwara State to curb incessant armed robbery. The Managing Director of the holdings, Dr. Adesola Kazeem, said this in an interview with the News Agency of

BUSINESS

NNPC financial statements up to date – spokesman

Daily Dispatch April 8, 2018

The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had updated its outstanding audit of the group financial statements from 2011 to 2016. NNPC Spokesman, Ndu Ughamadu, said in a statement in Abuja that the audited backlog had since been approved by the board of the corporation in line with the laws governing […]

BUSINESS

Central bank chief Godwin Emefiele emerges The Guardian Economic Personality of the Year

Daily Dispatch April 8, 2018

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, was on Saturday, April 7, 2018, unveiled as The Guardian Economic Personality of the Year 2017 in recognition of his contribution to stabilizing the Nigerian financial sector amidst recession as well as the Bank’s effort in development financing. Presenting the award to Mr. Emefiele at a […]

BUSINESS

CBN Governor deploys new DGs

Daily Dispatch April 8, 2018

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has assigned duties to the newly appointed Deputy Governors who assumed duty on March 28. The acting Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor, in a statement on Sunday said Mrs Aishah Ahmad was deployed to the Financial System Stability (FSS) Directorate, while Mr Edward Lemetek

BUSINESS

Mavrodi’s death: MMM announces final shutdown

Daily Dispatch April 8, 2018

The management of the global ponzi scheme, Mavrodi Mundial Moneybox (MMM), has announced a final shut down of operations. The ponzi scheme in a statement on its official global website on Friday said they were shutting down due to the death of the founder, Sergey Mavrodi. Mr Mavrodi, an ex-convict, died of heart attack on […]

BUSINESS

Federal government may lose over N200bn to Ijora-Apapa bridge closure

Daily Dispatch April 8, 2018

The plan by the federal government to close the Ijora-Apapa Bridge in Lagos for “permanent repairs” will cost the country over N200 billion, if the bridge is blocked for two months. The government makes between N1.2 trillion and N1.3 trillion annually from the ports through the Nigeria Customs Service (NCS) and the Nigerian Ports Authority […]