BUSINESS

Oil marketers sack workers over N650 billion federal government’s debt

Daily Dispatch March 21, 2018

Oil marketers have commenced a reduction of their workforce due to their inability to pay staff salaries, the News Agency of Nigeria (NAN) reports. Some of the marketers, who preferred anonymity, confirmed to NAN on Wednesday in Lagos that they resorted to adopt a massive sack of their workers

BUSINESS

Nigeria misses out of free trade agreement

Daily Dispatch March 21, 2018

Nigeria was obviously absent on Wednesday when African leaders signed the Largest Free Trade Agreement since the creation of the World Trade Organisation (WTO). President Muhammadu Buhari had on Sunday cancelled his trip to Rwanda due to pressure by Labour union not to participate in signing the agreement. A statement signed by the spokesperson, Ministry […]

BUSINESS

CPC advises Nigerians on Ford’s recall of 1.4 million vehicles

Daily Dispatch March 20, 2018

The Consumer Protection Council (CPC) says the Ford Motor Company has initiated a recall in the U.S. of about 1.4 million vehicles due to faults. The Director-General of CPC, Babatunde Irukera, said this in a statement on Monday in Abuja. He said that the recall was made on Wednesday. Mr. Irukera also called on Nigerians […]

BUSINESS

MSME Fund:Niger disburses N1bn to 11,587 beneficiaries

Daily Dispatch March 19, 2018

The Niger State Government on Monday commenced the disbursement of the N1 billion Central Bank of Nigeria (CBN) Micro Small and Medium Enterprises Development Fund (MSMEDF) to  11, 578 beneficiaries. The News Agency of Nigeria (NAN) reports that the fund was the first tranche of disbursement to Micro, Small and Medium Enterprises (MSMEs) aimed at […]

BUSINESS

Private sector to play advisory role in food security council – Presidency

Daily Dispatch March 19, 2018

The Presidency on Monday said the private sector will play an advisory role in the National Food Security Council recently announced by President Muhammadu Buhari. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists in Abuja. Shehu said everybody would be carried along by […]

BUSINESS

World Bank begins preparation for Nigeria’s $500m power distribution project

Daily Dispatch March 19, 2018

The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project. It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help boost service delivery by the power distributors. Documents made available to our correspondent in Abuja […]