BUSINESS

FG to raise 62.4 billion Naira in treasury bills next week

Daily Dispatch August 9, 2017

Nigeria plans to sell 62.43 billion naira ($171 mln) of treasury bills at an auction next Wednesday, the Central Bank of Nigeria (CBN) said on Wednesday. The bank plans to offer 32.43 billion naira in three-month paper and 30 billion naira of a six-month bill. Results of the auction will be

BUSINESS

Sterling Bank Opens Summer Camp On Coding Language

Daily Dispatch August 9, 2017

As part of an effort to improve digital literacy among children, Sterling Bank Plc, the one-customer bank, has opened a summer camp in Lagos to expose kids to coding language during the summer holidays. The fun-filled summer camp which is being organised in collaboration with Audax Code School is aimed at improving digital literacy through […]

BUSINESS

Lafarge To Merge Nigerian Units To Simplify Ownership

Daily Dispatch August 9, 2017

Lafarge Africa is consolidating its operations on the continent to simplify its ownership structure and activities, Wole Adeleke, the Head of Strategy, has said. In a notice to the stock exchange, Lafarge Africa said its board had asked the company to “undertake a business combination with United Cement Company of Nigeria Limited and Atlas Cement […]

BUSINESS

TSA: FG withdraws suit against seven banks

Daily Dispatch August 8, 2017

The Federal Government on Tuesday at the Federal High Court sitting in Lagos filed an application seeking to withdraw its suit against seven banks accused of violating the Treasury Single Account policy. The seven banks are: Diamond Bank, United Bank for Africa, First Bank, Skye Bank, Fidelity Bank, Sterling Bank and the defunct Keystone Bank […]

BUSINESS

Abuja-Kaduna rail line now generate N1m daily- Amaechi

Daily Dispatch August 8, 2017

The Abuja to Kaduna rail line now generates one million Naira daily, Minister of Transportation Mr Rotimi Amaechi disclosed. In an interview with the News Agency of Nigeria (NAN) on Tuesday in Benin, Amaechi said that the feat was because of the increase in passengers that patronise the rail. He attributed the passenger surge to […]

BUSINESS

NNPC eyes $30b windfall, anti-graft committee takes off

Daily Dispatch August 7, 2017

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion within the next 10 years. At the inauguration of the reconstituted NNPC Anti-Corruption Committee in Abuja on Monday,