BUSINESS

Nigerian banks not structured to fund SMEs – Chamber

Daily Dispatch January 24, 2018

Mr  Adetokunbo Kayode, President, Abuja Chamber of Commerce and Industry (ACCI), says the management of the funds for Small, Medium and Enterprises (SMEs) by banks in Nigeria is a weak link in the  financing of small businesses. He said this during his inauguration as the 10th President of the

BUSINESS

Oil prices rise to $70

Daily Dispatch January 24, 2018

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. Spot Brent crude oil futures, the international benchmark for oil prices, were at 70 dollars a barrel at 0102 […]

BUSINESS

SENATE ORDERS VALUE FOR MONEY AUDIT ON $16 BILLION EGINA DEEP-SEA OIL PROJECT

Daily Dispatch January 23, 2018

The Senate Ad-Hoc Committee on Investigation of the Local Content Elements and Cost Variations of the $16 billion Egina offshore oil project has ordered that the account of the project be audited in terms of value for money to ensure that Nigeria is not trapped in perpetual debt without any benefits from the project. The […]

BUSINESS

Petrol distribution: NNPC to build more depots

Daily Dispatch January 22, 2018

The Nigerian National Petroleum Corporation (NNPC) on Monday said it would build more depots across the country. The information is in a statement by NNPC Spokesman, Mr Ndu Ughamadu in Abuja. Ughamadu stated that the Corporation’s Group Managing Director, Dr Maikanti Baru, made the disclosure in Abuja, while inaugurating the board of one of its […]

BUSINESS

FIRS generates N4.03tn from tax in 2017 – Fowler

Daily Dispatch January 22, 2018

The Federal Inland Revenue Service said it collected a total of N4.03tn in the 2017 fiscal period. The collection of N4.03tn according to a statement issued by the agency represents 82.38 per cent of government target of N4.89tn for the year. The revenue of N4.03tn, is however, N720bn more than the 2016 total collection figure of […]

BUSINESS

Dangote’s multimillion naira UNIBADAN Business School ready soon

Daily Dispatch January 22, 2018

Foremost entrepreneur, Aliko Dangote, has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning. The business mogul is also constructing same type of project in the Bayero University Kano and will be ready for hand over to the university management anytime from now. The […]