BUSINESS

Presidency Is Not Probing NPA- Hadiza Bala Usman

Daily Dispatch March 23, 2017

The Nigerian Ports Authority has denied reports that the Presidency has ordered an investigation into its finances under the management of the incumbent Managing Director, Hadiza Bala Usman. Reports had said the probe was triggered by allegations of fraud in the NPA. However, Usman, in a

BUSINESS

Naira Gains N20 Against Dollar

Daily Dispatch March 22, 2017

The naira appreciated significantly against the dollar on Wednesday to trade at N410 to the dollar. The local currency gained N20 to exchange at N410 to the dollar from N430 posted on Tuesday. It also firmed against the pound sterling and the Euro as it was traded at N510 to the pound and 435 to […]

BUSINESS

CBN Deputy Governor, Sarah Alade Retires

Daily Dispatch March 22, 2017

After serving for 23 years at the Central Bank of Nigeria (CBN), 10 of which as Deputy Governor Economic Policy and one time Acting governor of the apex bank, Dr Mrs Sarah Alade bade an emotional farewell to the bank on Tuesday. Speaking at the send-off dinner organized by the members of the Economic Policy Directorate […]

BUSINESS

Oyedepo Proffers Solutions To Nation’s Food Deficit

Daily Dispatch March 22, 2017

Bishop David Oyedepo, Chancellor, Landmark University, Omu-Aran, Kwara, on Wednesday said that raising agricultural practitioners was one of the best solutions to food scarcity in the country. Oyedepo, founder of the Living Faith Worldwide International, also known as Winners Chapel, gave the suggestions during the institution’s 6th Founder’s Day celebration in Omu-Aran.

BUSINESS

Dangote, Adenuga’s Net Worth Drops- Forbes List

Daily Dispatch March 22, 2017

The President of the Dangote Group, Alhaji Aliko Dangote; and Chairman of Globacom, Dr. Mike Adenuga, saw their net worth declined by $3.2bn and $4.2bn, respectively in the past year, according to Forbes 2017 World’s Billionaires list. Dangote retained his position as Africa’s richest person in the latest ranking, with a fortune of $12.2bn, although […]

BUSINESS

Breaking: MPC Retains Benchmark Lending Rate

Daily Dispatch March 21, 2017

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 14 per cent. The decision was taken at the two-day meeting of the MPC at the headquarters of the CBN in Abuja. Announcing the decision to newsmen at the end of the meeting, the Governor of the CBN, […]