BUSINESS

Adeosun woos global bodies in the fight against foreign corrupt practices

Daily Dispatch February 19, 2018

The Minister of Finance, Mrs Kemi Adeosun, has urged global bodies like the World Bank to help curb foreign corrupt practices by multinational corporations in Nigeria and other developing countries. The Special Adviser to the Minister on Media and Communications, Mr Oluyinka Akintunde, in a

BUSINESS

Borno farmers ready for rice Pyramid

Daily Dispatch February 19, 2018

Farmers in Borno has  announced plans to unveil rice pyramid sequel to the bumper harvest recorded this cropping season. They made the announcement on Monday in Maiduguri The News Agency of Nigeria (NAN) reports that about 18, 000 farmers were supported by the Central Bank of Nigeria (CBN), under its Anchor Borrower scheme in the state. […]

BUSINESS

LAGOS EMPOWERS PROCESSORS IN COCONUT VALUE CHAIN

Daily Dispatch February 18, 2018

… gives out 12 coconut processing equipment Lagos State government through the Lagos State Coconut Development Authority (LASCODA) has distributed coconut processing equipment to coconut processors in 12 Local Government and Local Council Development Areas of the State as part of its empowerment programme in the coconut value chain. The Special Adviser to the Governor […]

BUSINESS

$16 BILLION EGINA INVESTIGATION: SENATE INSISTS ON APPEARANCE OF FOREIGN FIRMS’ CEOs OVER $2.9BILLION CONTRACT

Daily Dispatch February 18, 2018

The Senate Ad Hoc Committee Investigating Total Upstream Nigeria Limited’s $16 Billion Egina Deep Sea Project for Cost Variation and Local Content Elements has restated its earlier request that managing directors and chief executive officers of foreign companies that participated in the Egina Project must personally appear to give information on their activities in the

BUSINESS

Federal govt floats $2.5 billion dual Eurobonds

Daily Dispatch February 16, 2018

The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme. A statement obtained from the website of Debt Management Office (DMO) on Friday in Abuja, said that the bonds comprised 1.25 billion dollars 12-year series and 1.25 billion dollars 20-year series. The 12-year series has interest rate of […]

BUSINESS

Nigeria gets $486m W/Bank credit for power sector

Daily Dispatch February 16, 2018

World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said.