BUSINESS

Unilever Rejects $143billion Kraft Heinz Bid As Without Merit

Daily Dispatch February 17, 2017

Unilever (ULVR.L) rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co (KHC.O) on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. But while Unilever, the maker of Lipton tea and Dove soap, said the $50 per share

BUSINESS

Heritage Bank Facilitates Disbursement Of N3b YIEDP Fund To Beneficiaries

Daily Dispatch February 17, 2017

Heritage Bank Plc has continued to take the lead in empowering youths to become entrepreneurs, which amongst others is geared towards creating jobs and distributing wealth across the Nigerian economy. Recently, Heritage bank made a “measured” entry into financing and empowering youths with the N3 billion Youth Innovative Entrepreneurship Development Programme fund by the

BUSINESS

First Millionaire Emerges In Skye Bank’s Reward Promo Season II Draw

Daily Dispatch February 17, 2017

One lucky customer of Skye Bank Plc, Olusola Olusegun Ezekiel, emerged the first winner and a millionaire of the draw of the Bank’s flagship “Reach for the Skye Millionaire reward promo” season II, which held on Friday. This was as the Ayangburen of Ikorodu, Oba Kabiru Shotobi, endorsed the initiative as life changing. Forty other […]

BUSINESS

Nigeria’s debt profile is N17.36tln – DMO

Daily Dispatch February 17, 2017

The Director-General of the Debt Management Office (DMO), Dr Abraham Nwankwo said that the nation’s total debt profile as at December 31, 2016 was 57.39 billion dollars (N17.36 trillion). He made this known when defending the agency’s 2017 budget before the Senate Committee on Local and Foreign Debts in Abuja on Thursday. Nwankwo said the […]

BUSINESS

Forex Utilization: CBN boosts manufacturing, agriculture, others with $2.83b

Daily Dispatch February 17, 2017

The Central Bank of Nigeria says it disbursed $2.83 billion to critical sectors of the economy between December 2016 and January 2017. Isaac Okorafor, the Acting Director, Corporate Communications Department of CBN, made this known in a statement on Thursday in Abuja. Okorafor said manufacturing, raw materials and agriculture topped the disbursements targeted at the […]

BUSINESS

South African Investor Buys More Zenith, Access Banks Shares

Daily Dispatch February 16, 2017

Allan Gray Limited, the largest manager of non-government investment funds in Africa, has increased its stake in Nigerian Zenith and Access banks. The South African investor, based in Cape Town, is betting on Nigeria’s banking industry despite poor performances by the oil companies it depends on and widespread calls for the naira to be further […]