BUSINESS

CBN Lists Five Strategies to Drive Next Stage of Fintech Growth in Nigeria

Daily Dispatch August 3, 2026

The Central Bank of Nigeria (CBN) says the next stage of fintech development in Nigeria must focus on five important outcomes to achieve sustainable growth of the initiative. Mr. Yemi Cardoso, Governor, Central Bank of Nigeria (CBN) said in a goodwill message at the 3rd Business Journal Fintech

BUSINESS

NNPC Records N535bn Profit After Tax for June ‘26

Daily Dispatch July 31, 2026

NNPC Limited recorded ₦535 billion profit after tax for the month of June representing 15.8% increase from the ₦462bn in recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026. Total revenue for the month stood at ₦4,389 billion, while cumulative statutory payments to […]

BUSINESS

Fubara Woos Investors as Rivers Unveils High-Tech Paint Plant for Oil, Gas Industry

Daily Dispatch July 31, 2026

Rivers State Governor, Sir Siminalayi Fubara, on Friday renewed his administration’s commitment to creating an investment-friendly environment, declaring that sustained infrastructure development and improved ease of doing business are central to the state’s economic growth strategy. The governor made the declaration during the commissioning of the Solewant Specialty

BUSINESS

Nigeria’s Foreign Reserves Drop by $114m in One Week After Hitting $52bn Peak

Daily Dispatch July 31, 2026

Nigeria’s external reserves have declined by $114 million within seven days after recently climbing above the $52 billion mark, according to the latest figures released by the Central Bank of Nigeria (CBN). Data from the apex bank showed that the country’s foreign reserves fell from $52.04 billion on July 22 to $51.92 billion as of […]

BUSINESS

ECOWAS Parliament Backs Sanctions Against Defaulting Members as Trade Barriers Threaten Regional Integration

Daily Dispatch July 28, 2026

…Lawmakers warn West Africa’s $400bn market potential at risk over non-compliance with protocols The Economic Community of West African States (ECOWAS) Parliament has backed the introduction of sanctions against member states that fail to implement regional trade agreements, warning that persistent violations of economic protocols are undermining West Africa’s ambition of

BUSINESS NEWS

Metering Crisis: Manufacturers Withdraw Suit

Daily Dispatch July 21, 2026

…Clearing Path for 1.55m Smart Meters Rollout Nigerian electricity consumers may soon witness renewed efforts to end years of estimated billing as the Association of Meter Manufacturers of Nigeria (AMMON) has withdrawn its legal action against the Federal Government, paving the way for the resumption of a major procurement process involving 1.55 million smart