BUSINESS

W e Are Determine To Sustain Foreign Exchange Liquidity-CBN

Daily Dispatch April 2, 2017

The Central Bank of Nigeria on Sunday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility and affordability for genuine end users. The bank’s acting Director, Corporate Communications, Isaac

BUSINESS

Ghana Get New Central Bank Governor

Daily Dispatch March 31, 2017

Three months after he was inaugurated, President Nana Akufo-Addo has appointed a new governor for Ghana’s Central Bank. He is Ernest Addison, an Economist. He takes over from Abdul-Nashiru Issahaku, who tendered his resignation from the bank on March 29, about 11 months after being appointed. According to a statement by Eugene Arhin, the Director […]

BUSINESS

CBN to Begin Sale of Forex to BDCs Twice Weekly

Daily Dispatch March 31, 2017

The Central Bank of Nigeria will begin sale of foreign exchange to Bureau De Change operators twice weekly from Monday. This was confirmed by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, in a statement. Okoroafar explained that the move, was part of the apex bank’s determination to sustain the liquidity in the […]

BUSINESS

Kaduna DISCO threatens to disconnect government offices

Daily Dispatch March 31, 2017

The Kaduna Electricity Distribution Company, which is covering Zamfara State, says it will continue to disconnect government offices that have refused to settle outstanding bills. This was disclosed by the company’s Business Development Residential Officer, Aminu Yakubu, in an interview with the News Agency of Nigeria in Gusau on Thursday. Yakubu said the state government

BUSINESS

MTN pays another tranche from N330b debt to Nigeria

Daily Dispatch March 31, 2017

MTN has made a payment of N30 billion ($98 million) to the Nigerian government in part settlement of a N330 billion fine imposed on the telecoms group for not disconnecting unregistered SIM cards, an MTN source told Reuters on Thursday. Africa’s largest telecoms company has already paid N80 billion of the total amount owed, the […]

BUSINESS

Wheat Farmers Secure N50m Loan in Kano

Daily Dispatch March 29, 2017

The Wheat Farmers Association of Nigeria (WFAN) in Kano State has secured a N50 million loan from the State Government, its Chairman, Alhaji Faruk Rabi’u, said on Wednesday. Rabi’u said that the loan would be used to assist the farmers warehouse their produce after harvest. The chairman told the News Agency of Nigeria (NAN) in […]