BUSINESS

Keystone Bank: AMCON Names New Buyer

Daily Dispatch March 21, 2017

The Asset Management Corporation of Nigeria, AMCON, has announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank Consortium) as the new investors in Keystone Bank. The announcement came amid controversies surrounding the sale of the bank, with

BUSINESS

FG Commends Dangote Cement Self-sufficiency Feat

Daily Dispatch March 20, 2017

The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement, which spare headed the backward integration policy introduced by the government. The Minister for Solid Minerals Development, Dr. Kayode Fayemi, who led a team of […]

BUSINESS

(Updated)Missing N11bn Petrol: Capital Oil Wants Account Reconciled With NNPC

Daily Dispatch March 19, 2017

Ifeanyi Ubah, the chairman of Capital Oil and Gas Industries Ltd has called for a reconciliation of the company’s account with the Nigerian National Petroleum Corporation (NNPC). Ubah, made the call on Sunday in Lagos, in the wake of the allegation by the NNPC that his company could not account for 100 million litres of […]

BUSINESS

Naira to appreciate further as CBN boosts forex sale

Daily Dispatch March 19, 2017

The Naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange (Forex) into the market to meet the requests of genuine customers. The spokesman of CBN, Mr Isaac Okorafor, gave the assurance in a statement on Sunday in Lagos. The News Agency of […]

BUSINESS

43 oil bunkerers nabbed, property with fake 2.5m litres diesel in Lagos sealed off

Daily Dispatch March 19, 2017

The operatives of the Lagos State Task Force have nabbed 43 oil bunkerers and sealed-off property with 2.5 million litres of adulterated diesel at Alausa, ikeja. The Chairman of the Lagos State Task Force, SP Olayinka Egbeyemi, disclosed that the Agency acted on Save Our Soul petitions submitted to his office on illegal activities of […]

BUSINESS

Dangote group spends N1b on Apapa Road – Manager

Daily Dispatch March 18, 2017

The Head of Ports Operations, Dangote Group, Yakubu Abdullahi, said the organisation has spent N1 billion to repair the road leading to Apapa Port. Abdullahi disclosed this in an interview with the News Agency of Nigeria on Saturday in Lagos. He said as a major player in the maritime sector, the company had so far […]