BUSINESS

Sale of Public Assets: We will not compromise on transparency and integrity- BPE DG

Daily Dispatch April 6, 2018

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has reiterated the resolve of the Bureau not to compromise on transparency and integrity in the sale and management of public assets in the country. Speaking at the joint kick-off meeting of the transaction advisers

BUSINESS

Malabu Scandal: UK govt authorised transfer of $875 million to Etete – JP Morgan

Daily Dispatch April 6, 2018

The UK anti-money laundering unit, Serious Organised Crime Agency (Soca), gave authorisation for the transfer of $875 million to accounts linked to a former Nigerian oil minister and convicted money launderer in the controversial Malabu scandal, JP Morgan has said. The shocking revelation is contained in High Court documents filed by U.S. banking giant, JP […]

BUSINESS

Breaking: MPC leaves monetary policy rate at 14 percent

Daily Dispatch April 5, 2018

The newly constituted Monetary Policy Committee  has  retained  Monetary Policy Rate (MPR) at 14 percent after its first meeting this year. The committee, which admitted five new members last month, unanimously decided to leave the benchmark interest rate at 14 percent, central bank Governor Godwin Emefiele said at a press conference in the capital, Abuja on […]

BUSINESS

Lagos joins O’dua group, acquires 115m shares

Daily Dispatch March 29, 2018

Forty-two years of galvanizing the economy of states in the western region, the O’dua Investment Group formally admitted Lagos as one of the investing states. The six Governors of south west region under the auspices of the Western Nigerian Governors Forum on Wednesday formally admitted Lagos State into the Group. Lagos acquired a total of […]

BUSINESS

Osinbajo Lists Gains Of Lekki Deep Seaport To Nigeria

Daily Dispatch March 29, 2018

Vice President Yemi Osinbajo has explained how the Lekki Deep Seaport will benefit Nigerians and the nation’s economy. Professor Osinbajo spoke on Thursday at the official flag-off ceremony for the construction of the port in Lagos, the nation’s commercial capital. He said the Federal Government was informed that the project targets about 1.5 million 20-foot […]

BUSINESS

91 coys sign community mining agreement in 2017-Ministry

Daily Dispatch March 28, 2018

The Ministry of Mines and Steel Development says 91 mining companies signed the Community Development Agreement (CDA) with their host mining communities in 2017. Mr Salim Salaam, the Director, Mines Environmental Compliance Department of the ministry, disclosed this to the News Agency of Nigeria (NAN) on Wednesday in Abuja. Salaam said the mining companies and […]