BUSINESS

ECOWAS, EU launch €29.3m peace, security project for West Africa

Daily Dispatch January 23, 2017

ECOWAS and the European Union have launched a 29.3 million Euro project aimed at strengthening peace and security in the West African region. The project, EU Support to ECOWAS Regional Peace, Security and Stability Mandate Programme (ECOWAS-EU PSS Project) was launched on Monday in Abuja.  Vice

BUSINESS

Heritage Bank Empowers 100 Youths

Daily Dispatch January 23, 2017

In continuation to its commitment to creating jobs, wealth, as well as deepen financial inclusion, Heritage Bank Plc has empowered 100 aspiring and existing young micro entrepreneurs in Ajegunle, Lagos State with a grant scheme of about N8.5 million. This is being executed in partnership with the Center for Value Leadership (CVL), as part of […]

BUSINESS

Oil falls as signs of U.S. output rise overshadow OPEC-led cuts

Daily Dispatch January 23, 2017

Oil prices fell one percent on Monday as signs of a strong recovery in U.S. oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December. Global benchmark Brent crude prices LCOc1 were down 49 cents at $55 a barrel at 1221 GMT, while U.S. […]

BUSINESS

European stocks hit three-week low as Trump reality sets in

Daily Dispatch January 23, 2017

European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary […]

BUSINESS

Daily Dispatch January 23, 2017

Statistics from the Central Bank have shown that Nigeria’s Foreign Exchange reserves rose by 15 per cent in the fourth quarter of 2016. The reserves which now tops 27.4 billion dollars as at January 19, increased by 3.6 billion dollars from 23.8 billion dollars on October 19. The report also indicates a 1.6 billion dollars […]

BUSINESS

We Rely Solely on Local Tomatoes As Raw Materials – MD Dangote Tomato Factory

Daily Dispatch January 20, 2017

  Managing Director of Dangote Tomato Processing Factory, Kadawa, Kano, Alhaji Abdulkarim Kaita, has disclosed that the company is relying on local fresh tomatoes as raw materials for its operations. Kaita said in a statement in Kano on Friday that the factory did not require any foreign exchange to import its raw materials. He urged […]