BUSINESS

Boko Haram can’t stop oil search, says Njodi UNIMAID VC

Daily Dispatch July 31, 2017

The Vice-Chancellor of the University of Maiduguri, Prof. Ibrahim Njodi said despite the recent Boko Haram attack, the search for oil will continue in the Lake Chad basin. Njodi made the commitment pledge when a delegation of the Nigerian National Petroleum Corporation, NNPC and the Ministry of

BUSINESS

CBN, SEC, others endorse demutualization of Nigerian Stock Exchange

Daily Dispatch July 31, 2017

The Central Bank of Nigeria, Ministry of Finance and other financial institutions have endorsed plans by the National Assembly to demutualized the Nigerian Stock Exchange. The bill, entitled: “Demutualization of the Nigerian Stock Exchange( 2017),” is to enable the conversion and re-registration of the Exchange from a company limited by guarantee to a public company […]

BUSINESS

Half year: Dangote Cement records 12.6% sales volume increase across Africa

Daily Dispatch July 31, 2017

Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended June 30, 2017, posting a 12.6 per cent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange, the increase in sales volume showed a growing capture of pan-African market as […]

BUSINESS

Shehu Sani-led Senate Committee suspends loan request by Kaduna, ‎Jigawa, others

Daily Dispatch July 28, 2017

The Senate Committee Foreign Loans and Debt, led by Senator Shehu Sani, has suspended request for foreign loans by the Kaduna State Government.Kaduna State had requested for a $350 million loan for Development Policy Operation from the World Bank.Other states affected by the loan suspension were Jigawa, Ogun and Katsina.The Kaduna State Governor, Nasir El-Rufai, […]

BUSINESS

FG Secures N3.38bn AfDB Loan to Boost Irish Potato Production in Plateau

Daily Dispatch July 26, 2017

Federal Government has secured a N3.38 billion loan to boost potato production in Plateau State. The Ministry of Finance under the purview of Kemi Adeosun facilitated the loans, which has a five-year moratorium, thereafter whatever remained of the loan would be paid at the rate of one percent per annum within 25 years. Adeosun briefed […]

BUSINESS

9mobile asks Citi, Standard Bank to find new investors – Source

Daily Dispatch July 25, 2017

9mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm and three companies have shown interest, a banking source close to the deal said on Tuesday. India’s Bharti Airtel, which already has a presence in Nigeria, as well as Britain’s Vodafone […]