BUSINESS

NUPENG decries scarcity of petrol in FCT, North  .. . Offers support for NNPC 

Daily Dispatch December 12, 2017

Amidst scarcity of petroleum products, particularly Premium Motor Spirit, (PMS) in the Federal  Capital Territory, (FCT) and some states across the country,  a major player in the sector, the National  Union of Petroleum and Natural Gas, (NUPENG) has called on the management of the Nigerian

BUSINESS

DMO to redeem N198bn NTBs in Dec.

Daily Dispatch December 12, 2017

The Debt Management Office (DMO) says the N198.032 billion Nigerian Treasury Bills (NTBs) which will mature in Dec.  2017 will be repaid in full at maturity. The office said this in a statement, a copy of which was obtained from the DMO website on Tuesday in Abuja. According to it, the N198.032 billion comprises N131.415 […]

BUSINESS

Bank splashes 13 customers with N19m

Daily Dispatch December 12, 2017

Fidelity Bank Plc on Tuesday splashed 13 customers with N19 million in the second monthly draw of “Get Alert in Million Reloaded” promo in various regions of the country. The bank’s Managing Director, Mr Nnamdi Okonkwo, said during the promo draw in Lagos that the initiative was the seventh in the series of promos organised […]

BUSINESS

BOI, Unity Bank in court over N150m loan

Daily Dispatch December 12, 2017

Bank of Industry (BOI) and the Unity Bank Plc on Tuesday were at the FCT Court, over non performance of N150 million loan granted to Valentino Project Ltd. by BOI. Valentino Project Ltd. had in 2012 secured a loan of N150 million for the construction of water treatment factory and production in Kuje, FCT, while […]

BUSINESS

Electricity generation hits 7,000mw, but 2,000mw idle

Daily Dispatch December 12, 2017

Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle. Reports say that only 5,000 megawatts had been utilised, leaving 2,000 megawatts idle. Mr Babatunde Fashola, the Minister of Power, Works and Housing, complained that only a part of the generation had […]

BUSINESS

Christmas: Prices Of Tomatoes, Pepper Drop By 45% In Lagos

Daily Dispatch December 11, 2017

Ahead of Christmas celebration, prices of tomatoes, pepper and onions have reduced by about 45 per cent in Lagos, the News Agency of Nigeria reports. NAN price checks at Mile 12, Whitesand, Iddo and Oko Oba markets in Lagos on Monday revealed that the drop in prices was due to bumper harvest of agricultural produce. […]