BUSINESS

Dangote Endorses FG’s Debut Sukuk Offer

Daily Dispatch September 18, 2017

Nigeria’s foremost entrepreneur and Africa’s richest man, Aliko Dangote, has described the debut N100bn Federal Government of Nigeria Sukuk offer as a paradigm shift in government’s effort at seeking alternative funding for critical infrastructure. “I must commend the Debt Management Office for

BUSINESS

Why You Should Invest In SUKUK, CBN Tells Nigerians

Daily Dispatch September 17, 2017

The Central Bank of Nigeria has urged Nigerians to take advantage of the debut sovereign SUKUK offer by the federal government, stressing that it is geared towards infrastructural development and a worthwhile investment. Speaking at a one-day investors’ forum organised by the Debt Management Office in Kaduna on Thursday, CBN’s Deputy Director, Financial Markets Department,

BUSINESS

Nigeria starts sale of N100 billion Sukuk

Daily Dispatch September 15, 2017

The federal government on Thursday announced the commencement of the sale of a N100 billion ($326 million) debut sovereign Sukuk on the local market. A notice on the website of the Debt Management Office, DMO, said the Sukuk is meant to fund road infrastructure across the geopolitical zones in the country. The seven-year Islamic bond […]

BUSINESS

Central bank will support domestic production needs – Emefiele

Daily Dispatch September 13, 2017

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said on Wednesday the bank would continue to explore further avenues to ensure that interest rates are supportive of domestic production needs. The CBN governor stated this while delivering a keynote address at the 24th edition of the CBN annual seminar for finance correspondents […]

BUSINESS

Buhari inaugurates N30b Olam poultry, feed mill

Daily Dispatch September 12, 2017

President Muhammadu Buhari on Tuesday inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna. Middle East Olam International Business Head, Mr. Vinod Kumar Mishra, had earlier said that when inaugurated, the multi-million dollar investment would utilise around 180,000 tonnes of corn and 75,000 tonnes of soya beans for its feed production.

BUSINESS

Shoreline Energy signs $300m gas deal with Shell

Daily Dispatch September 11, 2017

Nigerian energy company Shoreline has signed a $300 million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, both companies said on Monday. Shell said in June that it would place more emphasis on gas rather than oil in the West African country, which has the world’s ninth-largest […]