BUSINESS

Abuja municipal chairman signs N9.4 billion 2018 budget

Daily Dispatch February 7, 2018

Mr Abdullahi Candido, the Chairman of Abuja Municipal Area Council (AMAC) has signed N9.99 billion 2018 budget into law. Candido signed the budget in the presence of the council members in Abuja, saying the process of the 2018 budget began a long time with input from all stakeholders. Other

BUSINESS

NPA declares record N299.56bn revenue for 2017

Daily Dispatch February 6, 2018

The Management of Nigerian Ports Authority has declared the sum of N299.56bn as generated revenue for 2017 fiscal year. According to a statement by Abdullahi Goje, General Manager, Corporate and Strategic Communications, the 2017 revenues exceeded the 2016 figure of N162.20bn by 84.65 percent and are the highest generated by the Authority in the past […]

BUSINESS

NDPHC flags-off N5.5bn transmission project in Lafia

Daily Dispatch February 6, 2018

The Niger Delta Power Holdings Company (NDPHC) has flagged-off an $18million approximately N5.5 billion substation power project in Akruba, Lafia, Nasarawa state capital. The project is expected to improve power supply to the state’s capital. Speaking at the groundbreaking event on Tuesday, the Company’s Managing Director (MD), Chiedu Ugbo, stated that the state only gets

BUSINESS

VP Yemi Osinbajo launches initiative to boost agriculture, power, others

Daily Dispatch February 6, 2018

Vice President Yemi Osinbajo has launched the Economic and Growth Recovery Plan (ERGP) Focus Laboratories on power, agriculture and manufacturing to fast-track economic growth. Osinbajo said in Abuja on Tuesday that the newly inaugurated Focus Labs would further boost economic growth and ensure that Nigeria continued its journey of building a competitive economy. “The labs

BUSINESS NEWS

India grateful to Nigeria, Benin for help in recovering missing ship

Daily Dispatch February 6, 2018

India has thanked the governments of Nigeria and Benin for their help and support in recovering its oil tanker that went missing on the Gulf of Guinea with 22 Indians on board. India’s External Affairs Minister, Sushma Swaraj, on Tuesday said the tanker had been released. Swaraj, who, on Monday, sought the assistance of the […]

BUSINESS

Bank credit to private sector fell in 2017 Q4 – NBS

Daily Dispatch February 5, 2018

Credit facilities allocated to the private sector by banks in the fourth quarter of 2017 decreased to N15.74 trillion from the N15.83 trillion recorded in the third quarter, a Nigerian Bureau of Statistics, report has shown. This was disclosed in a report titled, “Selected Banking Sector Data: Sectorial Breakdown of Credit, e–Payment Channels, and Staff […]