BUSINESS

Lagos to grow economy with power, property laws

Daily Dispatch February 8, 2018

The Lagos State Government has perfected plans to bring about a quantum leap to the State’s economy in 2018 through the Embedded Power Supply Project and the review of the Land Use Charge Law. The power project, aimed at delivering an estimated 3,000 Megawatts to homes and industries, is

BUSINESS

FG appoints StanbicIBTC, Citi bank, others to handle $2.5 billion Eurobond

Daily Dispatch February 7, 2018

The Buhari administration Wednesday announced then reappointment of a consortium of banks including Citi Group,  Standard Chartered, StanbicIBTC, Whitten-Case and African Practice to handle the $2.5 billion Eurobond. Minister of Finance, Kemi Adeosun, made the disclosure at the end of the Federal Executive Council meeting presided over by President Muhammadu Buhari, The

BUSINESS

BUA Group to construct N7.5b hospital in Kano, Ganduje visits company in Lagos

Daily Dispatch February 7, 2018

BUA Group has announced plans to construct a N7.5billion Naira ultra-modern specialist hospital in Kano State of Nigeria through BUA Foundation. This was disclosed by the Executive Chairman/CEO of BUA, Abdulsamad Rabiu, during a courtesy visit by the Kano State Governor, Dr. Abdullahi Umar Ganduje to BUA Group’s Corporate Headquarters in Lagos on Tuesday. Rabiu […]

BUSINESS

$16 BILLION TOTAL EGINA PROBE: $400 MILLION GAS PROCEED UN-UTILIZED 

Daily Dispatch February 7, 2018

The Senate Ad Hoc Committee on Investigation of Local Content Element on Total Upstream Nigeria Limited $16 Billion Egina Deep Sea Oil Project and Other Related Projects has stumbled on yet another revelation in the un-utilised $400million proceed from sale of Gas in a similar earlier project, the Bonga Deep Sea Oil Project. This came […]

BUSINESS

Central bank gives ultimatum to exporters to repatriate proceeds

Daily Dispatch February 7, 2018

The Central Bank of Nigeria (CBN) has given exporters who failed to repatriate their proceeds a ninety-day moratorium to comply or face a complete ban on banking services in Nigeria. Ahmed Abdullahi, Director, Banking Supervision, disclosed this at the end of the first Bankers’ Committee meeting held in Lagos on Tuesday. The bankers’ committee is […]

BUSINESS

Bankers’ Committee to support federal govt’s plan on job creation

Daily Dispatch February 7, 2018

The Bankers’ Committee says it has agreed to support Federal Government’s plan to conduct a focus-lab on three selected areas of the economy to accelerate investment and boost job creation. The Managing Director of Stambic IBTC, Mr Demola Sogunle, disclosed this on Tuesday while briefing newsmen on the outcome of the Bankers’ Committee meeting in […]