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

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 […]

BUSINESS

DANA Announces Low Fares For Valentine

Daily Dispatch January 28, 2017

Dana Air has launched a valentine campaign which will afford customers the opportunity to fly for less when they book a return ticket on any of its routes. The airline made the announcement in a statement signed by its Communications Manager, Mr Kingsley Ezenwa and obtained by the News Agency of Nigeria (NAN) on Saturday in Lagos. […]

BUSINESS

Apapa Customs Rake N6.1b From Duty On Imported Rice

Daily Dispatch January 27, 2017

The Apapa command of the Nigeria Customs Service (NCS) on Friday said it generated N6.15 billion from duty on imported rice from January to December 2016. The command`s Area Controller, Alhaji Musa Jibrin, gave the figure in a statement obtained by the News Agency of Nigeria (NAN) in Lagos. A breakdown of the figure showed […]