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

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 […]

BUSINESS

Dangote Food Companies Reward Distributors With Cash Prizes

Daily Dispatch February 16, 2017

Distributors of the Dangote foods companies, including Dangote Flour, Sugar and Salt, smiled home last night as the management of the Companies doled out over N2 billion as rewards for their loyalty to the companies over the past one year. At a colourful Gala night, which the distributors were hosted to last night, top performers […]

BUSINESS

Nigerians Buy Kerosene At N434, Price Increases By 87.12% In January – NBS

Daily Dispatch February 16, 2017

The National Bureau of Statistics said that Nigerians bought Kerosene at N434 per litre in January from N231.85 they bought the product in December 2016. The bureau announced this in a “National Household Kerosene Price Watch (January 2017)” released on Wednesday in Abuja. The report stated that average price per litre paid by consumers for […]