BUSINESS

Nigerians are getting poorer – IMF

Daily Dispatch March 1, 2018

The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a

BUSINESS

Dangote’s investment in Lekki Free Zone will earn Nigeria $8trn annually

Daily Dispatch February 28, 2018

Investment of the Dangote Group in the Lekki Free Zone, Lagos will earn Nigeria $8 trillion annually, President, Dangote Group, Alhaji Aliko Dangote disclosed on Wednesday. Dangote, who spoke at the maiden edition of the Lagos-Kano Economic and Investment Summit held at the Jubilee Chalets in Epe, Lagos, Southwest Nigeria, on Wednesday said that its […]

BUSINESS

Lagos-Kano Railway Project To Gulp $2bn – Osinbajo

Daily Dispatch February 28, 2018

The Vice President, Yemi Osinbajo, has said that at about $2billion will be required to revive the Lagos Kano rail. He said the revival of the railway station will boost local and international trade along the northern and southern zones. The Vice President made this known through the Lagos State Chief Press Secretary, Habib Aruna,  […]

BUSINESS

Kaduna Electric To Launch Online Bill Payment

Daily Dispatch February 28, 2018

The Kaduna Electricity Distribution Company says it will launch an online bill payment platform for pre-paid electricity consumers on March 3. The company’s Head of Corporate Communication, Abdulazeez Abdullahi, made this known in a statement on Wednesday in Kaduna. Abdullahi said the launch would be part of KEDC’s activities at the Kaduna International Trade Fair, […]

BUSINESS

IFC commends central bank over banking reforms

Daily Dispatch February 28, 2018

The International Finance Corporation, IFC, has commended the Central Bank of Nigeria, CBN, for implementing sustainable banking principles in the country. Nigeria has introduced banking reforms to expand sustainable lending, becoming one of 34 emerging markets that are becoming a major force in driving development and fighting climate change, according to the first

BUSINESS

FG, Stakeholders seek $10billion development of Nigeri Delta

Daily Dispatch February 28, 2018

The Federal Government said it has received $10 billion private sector investment proposal on the development and growth of infrastructure in the Niger Delta region. The proposal, aimed at hastening the improvement of infrastructure and social development of the region, was presented to  stakeholders during a meeting comprising ministers and governors of the Niger Delta