BUSINESS NEWS

UBA ban customers from using its ATM card to access pornography sites, buy jewellery or bet

Daily Dispatch August 25, 2017

The United Bank for Africa, UBA, has said that its customers can no longer buy jewellery, bet or have access to pornography sites with the bank’s ATM card. In a statement it entitled “We want you to transact safely,” and sent to customers, the bank said its debit and prepaid cards are now

BUSINESS

Kachikwu advocates more funds for local content development

Daily Dispatch August 24, 2017

The Minster of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday called on financial institutions, oil companies and other stakeholders to support the expansion of Nigerian Content Intervention Fund. Kachikwu made the call at the launching of a 200 million dollar Nigerian Content Intervention Fund in Abuja. The News Agency of Nigeria reports that the fund, […]

BUSINESS

Dangote signs $450m sugar deal with Niger state

Daily Dispatch August 23, 2017

Dangote Group of Companies has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun. Details of the project made available to the News Agency of Nigeria (NAN) indicated that it would involve the development of a sugar cane plantation of about 16,000 hectares. Alhaji […]

BUSINESS

NNPC, IOCs Plan Joint Security Apparatus to Curb Oil, Gas Sabotage

Daily Dispatch August 23, 2017

In repositioning the nation’s oil sector, the Nigerian National Petroleum Corporation (NNPC) is working closely with the international oil companies (IOCs) to deploy a structured and holistic security apparatus to tackle incidence of oil and gas infrastructure sabotage in the country. Making this disclosure in Abuja, was the General Manager, Group Security Department of

BUSINESS

Why CBN Interventions Fail To Save Naira

Daily Dispatch August 23, 2017

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market. The experts told the News Agency of Nigeria (NAN) on Wednesday in Lagos that a single market rate, among others, was required to […]

BUSINESS

Rice farmers, others to access Bill Gates $30bn agriculture grant

Daily Dispatch August 23, 2017

The Rice Farmers Association of Nigeria, says it is working to access the $30 billion agricultural grant contributed by Bill and Melinda Gates Foundation and other donor agencies for rice production in Africa. The National President of the association, Alhaji Aminu Goronyo, told the News Agency of Nigeria in Abuja on Wednesday, that the association had submitted […]