BUSINESS

BUA Group alleged to be using militia to a mine site allocated to Ministry of Mines, Nigeria and Dangote Group

Daily Dispatch December 7, 2017

The management of BUA Group has been using armed militia, soldiers and policemen to mine marble and limestone in mining sites allocated to the Dangote Group, the Ministry of Mines and Steel Development has alleged. In a statement signed by the ministry’s Permanent Secretary, Mohammed Abass, and

BUSINESS

Why petrol pump price rose to N158 per litre in Akwa Ibom – IPMAN

Daily Dispatch December 7, 2017

The Akwa Ibom chapter of Independent Petroleum Marketers Association of Nigeria says its members are currently lifting fuel at the cost of N144 per litre as against N133.28 approved by the government. The state IPMAN Chairman, Mr Ubong Isong, disclosed this on Thursday in Eket while speaking on the current price hike of petrol in […]

BUSINESS

Emefiele woos private sector on job, wealth creation

Daily Dispatch December 6, 2017

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has again urged the private sector to support in creating jobs and wealth for the overall growth of the Nigerian economy, even as he pledged the Bank’s support for any company committed to the objective of job creation. Emefiele made the call in his special […]

BUSINESS

Foreign reserves hit $38bn — highest under Buhari

Daily Dispatch December 6, 2017

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s foreign reserves have risen to $38.2 billion, its highest point in 39 months. Emefiele made this known on Tuesday while commissioning Unilever Plc’s 10,000 metric tonnes Blue Band factory in Agbara, Ogun state. “We have seen reserves move up from the $23 billion […]

BUSINESS

Dangote is only African among Bloomberg’s 50 most influential people

Daily Dispatch December 6, 2017

Aliko Dangote, Africa’s richest person, has been honored for his contribution to increasing local food production and lessen food imports in Nigeria. Dangote was among the 50 most influential names honored by Bloomberg for their contribution to humanity at Bloomberg’s annual gala dinner in New York. According to Bloomberg, Dangote has been honoured for “his […]

BUSINESS

Foreign Reserves Increases To $34.8bn In November – CBN

Daily Dispatch December 5, 2017

The Central Bank of Nigeria (CBN) has said nation’s foreign exchange reserves added at $991 million in November to close at $34.8 billion as of November 29, 2017. In November, 2017, the nation’s foreign exchange reserves sustained its momentum with an opening figure of $33.8 billion in November 1, 2017. The nation’s foreign exchange buffer […]