BUSINESS

Dangote’s $300m cement plant commissioned

Daily Dispatch November 24, 2017

Africa’s largest cement Company, Dangote Cement, has commissioned its $300 million plant in Mfila, Congo Brazzaville. The 1.5mtpa capacity cement plant was commissioned on Thursday amid ecstasy by the government and the indigenes of the Country. The plant also has potentials to create about

BUSINESS

How Nigerian states can survive economic distress – World Bank

Daily Dispatch November 23, 2017

The World Bank has identified three ways the 36 states and Abuja can survive economic challenges and ensure sustainable growth. The bank said in its new Nigeria Bi-Annual Economic Update released on Wednesday in Abuja that the states and Abuja should ensure sustained reforms to increase internally-generated revenues, IGRs; improve their spending efficiency; and strengthen

BUSINESS

VAT records 1.73% increase in 3rd quarter–NBS

Daily Dispatch November 23, 2017

The National Bureau of Statistics (NBS) said revenue generated from Value Added Tax (VAT), increased by 1.73 per cent in the third quarter of 2017. The NBS announced the figure in a sectoral distribution of value added tax report for third quarter, 2017 posted on the bureau’s website posted in Abuja. The further disclosed that […]

BUSINESS

AfDB to invest $12bn in Africa’s power sector

Daily Dispatch November 23, 2017

President, African Development Bank, Dr Akinwumi Adesina says the bank would invest $12bn in the power sector in Africa in four years with the goal of leveraging on the aviation sector. Adesina said the aviation sector was very important to the continent but that it could not operate in the dark. He said the sector […]

BUSINESS

Nigeria govt. plans increased rice production for 2018

Daily Dispatch November 22, 2017

Nigeria is inching closer to achieving self-sufficiency in rice production as the present administration targets seven million tonnes production of the commodity in 2018, Minister of Information and Culture, Lai Mohammed, said. Mohammed disclosed this at a media briefing on Wednesday in Abuja, adding that rice demand in the country as at 2015 stood at […]

BUSINESS

Proposed national carrier will be private sector driven – Sirika

Daily Dispatch November 22, 2017

The Minister of State for Aviation, Sen. Hadi Sirika, says the proposed national carrier will be private sector driven. He said that would help the country avoid the mistakes that led to the failure of the defunct Nigeria Airways. Sirika stated this on the sideline of the ongoing International Civil Aviation Organisation World Aviation Forum […]