BUSINESS

Nigeria’s Recession Will Begin To End ‘slowly’ but ‘painfully’ in July 2017 – Bismarck Rewane

Daily Dispatch February 23, 2017

A leading economist and financial derivatives analyst, Bismarck Rewane, has predicted that Nigeria will start to experience a ‘slow’ but ‘painful’ recovery process from the current economic recession rocking the nation in July 2017. He disclosed this while addressing the media on the state of

BUSINESS

Traditional Ruler Advocates Huge Investment In Agriculture As Bailout For Recession

Daily Dispatch February 23, 2017

Omooba Risawe The Alake of Egbaland, Oba Adedotun Gbadebo said the best way out of current recession in Nigeria is for government to invest huge on agricultures. The royal father made this known on Wednesday at a press conference to herald in the 2017 edition of Lisabi Dayy Festival held at Alake Palace in Abeokuta,noting […]

BUSINESS

We’ll No Longer Import Petroleum Product From 2019-NNPC

Daily Dispatch February 22, 2017

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it planned to rehabilitate, revamp and upgrade all the refineries so that there would be no more product import by 2019. Dr Bello Rabiu, NNPC Chief Operating Officer, (Upstream), said this during a panel discussion session at the West African International Petroleum Exhibition and Conference (WAIPEC) […]

BUSINESS

Why We Did Not Remit N23.4bn – NNPC Officials

Daily Dispatch February 22, 2017

The Nigerian National Petroleum Corporation, NNPC, on Tuesday blamed budgetary appropriation constraints imposed by the National Assembly as reason for its inability remit N23.4 billion Nigerian Export Supervision Scheme, NESS fees since 2008. NESS fees are payments to pre-shipment inspection agents and monitoring and evaluation agents in respect of their supervision of

BUSINESS

Presidency, National Assembly To Ease Doing Business In Nigeria

Daily Dispatch February 22, 2017

The Presidential Enabling Business Environment Council chaired by Acting President, Prof. Yemi Osinbajo, has approved a 60-day national action plan to push through short term reforms. The Acting President, who addressed journalists after the Council’s meeting at the State House, said the Council will within the stipulated period focus on areas that will not only […]

BUSINESS

Nigeria to borrow $2.3 billion from World Bank and China – Finance minister

Daily Dispatch February 21, 2017

Nigeria wants to borrow at least $1 billion from the World Bank and to sign within months for a $1.3 billion loan from China to fund railway projects, Finance Minister Kemi Adeosun said on Tuesday. Africa’s biggest economy needs to plug a gap in its record 7.3 trillion naira ($23.17 billion) 2017 budget, which boosts […]