BUSINESS

142 enterprise privatised by BPE- Alex Okoh

Daily Dispatch February 21, 2018

The Bureau of Public Enterprises (BPE) has privatized 142 enterprises from inception to date, Director General of the privatization agency, Mr. Alex A. Okoh has revealed. Receiving members of the House of Representatives Committee on Privatisation, led by its Chairman, Alhaji Ahmed Yerima who

BUSINESS

Federal govt to release loans for artisanal, small scale miners

Daily Dispatch February 21, 2018

The Ministry of Mines and Steel Development says it will soon disburse loans to Artisanal and Small Scale Miners to improve their operations Dr Abdulkadir Muazu, the Permanent Secretary of the Sector, announced this to the News Agency of Nigeria (NAN) on the sideline of a two-day workshop on Policy and Capacity Building for a […]

BUSINESS

FAAC disbursements increase by 25% in 2017 – NEITI

Daily Dispatch February 21, 2018

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy, Dr Orji Orji, said this in a statement. Orji said FAAC disbursed a total sum of N6.418 trillion in 2017 showing an increase of […]

BUSINESS

Meter manufacturers task central bank on single digit interest rate

Daily Dispatch February 21, 2018

The Electricity Meter Manufacturers Association of Nigeria has tasked the Central Bank of Nigeria to establish an intervention fund at single digit interest rate for members to enable them to compete with manufacturers in other countries. Executive Secretary of the association, Muyideen Ibrahim, made the appeal in an interview with the News Agency of Nigeria […]

BUSINESS

CBN accommodates NIFIs in revised agric credit scheme

Daily Dispatch February 21, 2018

The Central Bank of Nigeria (CBN) says it has revised the guidelines for Commercial Agriculture Credit Scheme (CACS), to include Non-Interest Financial Institutions (NIFIs). CBN stated this in a circular dated Feb. 16, posted on its Website on Wednesday. The circular said that the review was part of efforts to deepen access to finance and […]

BUSINESS

Shell: 90% of oil spills caused by theft, sabotage

Daily Dispatch February 20, 2018

Osagie Okunbor, Chairman, LCCI-OPTS/Chairman, Shell Companies in Nigeria has said that well over 90 percent of what oil spills in the Nigeria is as a result of theft and sabotage to facilities. Okunbor gave the insight during an Executive Roundtable session titled: “Growth outlook and Strategies for staying competitive after a Global Downturn” at the […]