BUSINESS LEAD STORY 2

We Can Produce 3m bpd-Kachikwu

Daily Dispatch January 31, 2017

The Minister of State, Petroleum Resources , Mr Ibe Kachikwu, said that Nigeria is capable of producing three million barrels of crude oil per day from the Niger Delta region. Kachikwu stated this at a stakeholders’ meeting organised by the Ministry of Niger Delta Affairs on Tuesday in Abuja.

BUSINESS

Adopt Jaiz Banking Policies- Emir Urges Banks

Daily Dispatch January 31, 2017

The Emir of Gwandu and Chairman Kebbi State Council of Chiefs, Alhaji Muhammad Iliyasu Bashar has enjoined commercial banks in the country to adopt banking policies of Jaiz bank in the interest of the masses. Bashar made the recommendation when the Managing Director of Jaiz Bank, Malam Hassan Usman and his entourage paid him a […]

BUSINESS

NUPENG Kick Against Any Price Increase

Daily Dispatch January 30, 2017

The Nigerian Union of Petroleum and Natural Gas Workers has warned the Federal Government against any further increase in the price of petroleum products. The President of NUPENG, Mr. Achese Igwe, said that the increase in the pump price of fuel could not be the solution to the biting economic situation in the country. Igwe […]

BUSINESS

Reps send EFCC after Keystone Bank over ITF’s N4b

Daily Dispatch January 30, 2017

The House of Representatives on Monday urged the Economic and Financial Crimes Commission to commence investigation into an alleged illegal movement of N4 billion from the Industrial Trust Fund’s account domiciled in Keystone Bank. Rep. Ibrahim Baba, the Vice Chairman, Public Accounts Committee, House of Representatives, made the call following a query issued by the […]

BUSINESS

Create Options to vAoid Retrenchment, NUBIFIE Tells Bank Executives

Daily Dispatch January 29, 2017

The National Union of Banks, Insurance and Financial Institutions Employees on Saturday advised the management of banks to generate new ideas that would boost their financial muscle to stem the retrenchment of workers. Muhammed Sheikh, General Secretary of NUBIFIE, told the News Agency of Nigeria in Lagos that there was an urgent need for the […]

BUSINESS

#DailyTrustDialogue: CBN forex allocation has no logic—Peterside

Daily Dispatch January 29, 2017

Chairman of Stanbic IBTC Atedo Peterside has faulted the Central Bank’s allocation of 60% of foreign exchange to manufacturing, noting it was failing the Nigerian economy.  In his presentation at the Daily Trust Dialogue Peterside said manufacturing accounted for only 10% of gross domestic product, whereas sectors that really shored up growth and production had […]