BUSINESS LEAD STORY 1

FG Plans $20b Gas Industrial Park In Niger Delta – Osinbajo

Daily Dispatch February 28, 2017

The Federal Government says it plans to establish a N20 billion gas industrial park in the Niger Delta. This followed the renewed interactive engagement with oil bearing communities in the region. The Acting President, Prof. Yemi Osinbajo, said this on Monday when some international developers

BUSINESS

Zenith Bank Declares N129.65bn Profit After Tax

Daily Dispatch February 27, 2017

Zenith International Bank Plc has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share for the financial year ended December 31, 2016. This is contained in the company’s audited result report released by the Nigerian Stock Exchange (NSE) on Monday in Lagos. This was in contrast with N105.66 […]

BUSINESS

Petrol Scarcity Hits Zamfara, Sells For N170 per litre

Daily Dispatch February 27, 2017

An acute scarcity of petroleum products has forced an increase in the pump price of petrol to N170 as against approved N145 per litre in Zamfara. The News Agency of Nigeria (NAN) reports that some of the filling stations in the state were shut while others were selling the product between N165 and N170 per […]

BUSINESS

Kaduna Electric participates at Kaduna Trade Fair

Daily Dispatch February 27, 2017

  Kaduna Electric has promised its customers seamless service at this year’s Kaduna international Trade Fair which commenced at the weekend at the trade fair ground in Kaduna A statement by the Head, Corporate Communication, Abdulazeez Abdullahi, said the company will also use the opportunity of the fair to enlighten and educate its esteemed customers […]

BUSINESS

Association Advises CBN To Introduce More Interventions To Strengthen The Naira

Daily Dispatch February 27, 2017

The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of Nigeria (CBN) to introduce more interventions that would further strengthen the naira. Mr Stanley Ezenga, National Publicity Secretary of the association, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos. He said the […]

BUSINESS

SEC Seals Up Yuan Dong Over Alleged Ponzi Operations

Daily Dispatch February 26, 2017

Securities and Exchange Commission says it has sealed up the premises of Yuan Dong for unacceptable investment operations in the country. The Head, Corporate Communication of SEC, Mr Naif Abdussalam, in a statement on Sunday in Abuja, said the closure was to end unlawful activities of the company against unsuspecting investors. “Investments in the scheme […]