BUSINESS

No plan to sell or concession refineries-FG

Daily Dispatch June 29, 2017

The Federal Government on Wednesday said that it has no plans to concession or sell the refineries in the country. President Muhammadu Buhari said this while declaring open the 5th Triennial National Delegates’ Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria on

BUSINESS

FG Set to Exploit $7bn Cashew Industry:

Daily Dispatch June 28, 2017

Federal Government has decided to exploit the cashew nut industry valued at over $7billion dollars. This is besides the yam export programme expected to be flagged off today to the United Kingdom. Minister of Agriculture,Audu Ogbeh said talks are on with Walmart, the largest supermarket chain in the United States where the Nigeria could take […]

BUSINESS

SEC extends deadline for e-dividend registration to Dec. 31, 2017

Daily Dispatch June 28, 2017

The Securities and Exchange Commission (SEC) has extended the deadline for  stoppage of issuance of physical dividend warrants in the nation’s capital market to Dec. 31, 2017. Mr Naif Abdussalam, SEC Head, Corporate Communications disclosed this in an interview with the News Agency of Nigeria  (NAN) on Wednesday  in Lagos. Abdussalam said that the deadline was […]

BUSINESS

Loan repayment: Banks’ shareholders push for takeover of Etisalat

Daily Dispatch June 27, 2017

Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks to avoid  a takeover. A cross section of the shareholder groups stated this in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday. They insisted that the […]

BUSINESS

CBN’s intervention in forex market temporal – Prof. Nwaekeaku

Daily Dispatch June 26, 2017

Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market (FOREX) is a temporary relief. Nwaekeaku, a lecturer at the Pubic Administration Department, told the News Agency of Nigeria (NAN) in Abuja that CBN might not be able to sustain the interventions. “CBN’s intervention in […]

BUSINESS

Nigeria to surpass Ghana in annual Yam export – Minister

Daily Dispatch June 26, 2017

The Federal Government says it is strategising to surpass Ghana in the export of yam to Europe and other continents. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, said this when he received the Technical Committee on Nigeria Yam Export Programme in Abuja. Ogbeh said the programme to be flagged off on June […]