BUSINESS

AU wants members to ratify trade agreement

Daily Dispatch May 24, 2017

The Africa Union (AU) has called on the Comptrollers-General of African Customs to provide the required leadership for the ratification of the World Trade Facilitation Agreement (WTFA) by countries in the region. Mrs Treasure Naphanga, representative of the AU, made the call at the opening

BUSINESS

Senator calls for implementation of continental free trade area

Daily Dispatch May 24, 2017

African Union Directors-General of Customs have been urged to resolve to implement Free Trade Area agreement (CFTA), to boost trade on the continent. Sen. Hope Uzodimma, Chairman Senate Committee on Customs, Excise and Tariff, made the call when he spoke to newsmen at the ongoing first extra-ordinary meeting of African Union Sub-committee of Directors General […]

BUSINESS

NCCA confirms that MedView Airline banned by EU

Daily Dispatch May 23, 2017

The Nigerian Civil Aviation Authority, NCAA has confirmed that MedView Airline has been banned from European airspace by the European Union Air Safety Committee, ASC, of the European Commission, EC, and the authority is to meet with ASC this week to resolve all discrepancies that will lead to lifting of the ban on Medview Airlines. […]

BUSINESS

CBN seeks to ease Naira pressure with $100 million auction

Daily Dispatch May 22, 2017

The Central Bank of Nigeria (CBN) plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on the Naira. Africa’s largest economy, grappling with a currency crisis brought on by low oil prices which have hammered its foreign reserves and […]

BUSINESS

[BREAKING] OPEC ministers meet in Vienna on Thursday

Daily Dispatch May 22, 2017

Ministers from oil exporting countries have been scheduled to meet in Vienna, Austria on Thursday. The meeting is intended to discuss oil production cuts amid increased competition from U.S. shale producers. According to the information available on the Organisation of the Petroleum Exporting Countries website, it is the organisation’s 172nd meeting. The OPEC Secretariat

BUSINESS

Gateway Trade Fair: OGUNCCIMA lauds Dangote Group’s collaboration…As Group’s subsidiaries offer products at subsidised prices

Daily Dispatch May 22, 2017

The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians. President of OGUNCCIMA, Mrs. Adesola Adebutu who