BUSINESS

AfDB denies calling off $600m loan to Nigeria

Daily Dispatch January 11, 2018

The African Development Bank (AfDB) has refuted media reports that it has called off its $600 million loan to Nigeria. A statement by Fatimah Alkali, Senior Communications Officer in the Country Office in Abuja, yesterday reads in part, “The African Development Bank wishes to categorically

BUSINESS

BDC operators advise CBN on stronger naira

Daily Dispatch January 10, 2018

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes were agreed at a meeting of the operators in Lagos. Gwadabe urged the CBN to ensure the convergence of deposit money banks rate […]

BUSINESS

SENATE ORDERS TOTAL NIGERIA LTD COMPLETION OF 5 YEARS TENDERING FOR SHIPPERS

Daily Dispatch January 10, 2018

The Senate Committee on Local Content has directed that the tendering process for indigenous shippers to participate in Total Nigeria Limited oil and gas business be completed after it was suspended in spite of shippers having gone through the process for almost 5 years. Giving the directives at the Committee hearing of a petition by […]

BUSINESS

Without operational refineries, there’ll be no solution to fuel crisis – Kachikwu

Daily Dispatch January 4, 2018

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the Federal Government is working assiduously to revamp the country’s refineries to address the problems of fuel crisis. Kachikwu said this on Thursday in Abuja during a one-day public hearing of the National Assembly Joint Committees on Petroleum (Downstream), investigating the causes of recent […]

BUSINESS

CBN’s Anchor Borrowers Program: 225,000 farmers to benefit from NIRSAL’S new field structure

Daily Dispatch January 4, 2018

As part of its focus on taking business-driven agriculture to the grassroots, the Nigeria Incentive-Based Risk Sharing System for Agriculture is deploying an innovative nation-wide field structure to support 225,000 farmers under the CBN Anchor Borrowers Scheme. The structure, known as the Project Monitoring Reporting and Remediation Office, has units located in each state

BUSINESS

Pump price: FG, Oil Marketers agrees N145 price per litre

Daily Dispatch January 4, 2018

Oil marketers have agreed with the Federal Government to keep the pump price of petrol at N145 per litre. The marketers softpedaled on Wednesday, reversing their previous stance on the pricing of the product. The Chairman of the Depot and Petroleum Products Marketers Association, Dapo Abiodun, had on Tuesday, stated that the marketers could no […]