BUSINESS

2018 budget: AUPCTRE kicks against proposed sale of national assets

Daily Dispatch December 19, 2017

The Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Service Employees (AUPCTRE) has appealed to President Muhammadu Buhari to stop the proposed sale of National Historical Assets to fund the 2018 budget. Mr Yusuf Zambuk, General Secretary, National Governing

BUSINESS

Signs of economic recovery for West Africa as Nigeria exits recession

Daily Dispatch December 18, 2017

 – Militancy and political uncertainty remain key risks for businesses in 2018 As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, […]

BUSINESS

FG floats N10bn Green bond — first of its kind

Daily Dispatch December 18, 2017

The federal government, through the Debt Management Office (DMO), has launched a N10.69 billion Green bond to fund clean energy projects in the 2017 budget. The bond has a 5-year tenor and an interest rate of 13.45 percent. Subscription for the bond opened on Monday, December 18 and will close on Wednesday, December 20. Although […]

BUSINESS

How $2.8bn pipeline contract will change Nigeria’s energy landscape -Presidency

Daily Dispatch December 17, 2017

The Presidency on Sunday said the nation’s energy landscape was set for a major change with the award of a $2,809,522,548.36 gas pipeline contract approved by the Federal Executive Council as proposed by the Ministry of Petroleum Resources. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a […]

BUSINESS

NIGERIA CUSTOMS GENERATES N5BILLION IN OGUN WITHIN ONE YEAR

Daily Dispatch December 17, 2017

Ogun State Command of Nigeria Customs Service,(NCS),said it has generated the sum of N5,717,736,240,38 in the last one year,and also put Duty Payment Value of goods within the period as N1.4billion. The Area Command Comtproller,Sani Magudu made this known  at the customs headquarters in Idiroko,border town of Ogun State. He gave details of activities and […]

BUSINESS

BOA recovers N375m in Kogi

Daily Dispatch December 15, 2017

The Bank of Agriculture (BOA) Friday said it has recovered N375,906,289.72 out of the over N1.4 billion loan facilities extended to customers in Kogi State, since the bank’s inception. Managing Director and Chief Executive of Bank of Agriculture, Mallam Kabir Muhammed Adamu disclosed this during the inauguration of the BOA branch Friday in Okene. Describing the development