BUSINESS

Sterling One Foundation, United Nations Nigeria Announce Africa Social Impact Summit (ASIS 3.0) 2024

Daily Dispatch July 11, 2024

The official press conference for the Africa Social Impact Summit (ASIS 3.0) 2024, hosted by the Sterling One Foundation and the United Nations Nigeria, was held on Tuesday, July 9th, at the Lagos Oriental Hotel.  Present at the press conference were Olapeju Ibekwe, CEO, Sterling One

BUSINESS

NNPC retail outlets extend hours of operation to ease tightness of fuel supply

Daily Dispatch July 9, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that all its retail stations serving Premium Motor Spirit (petrol) will now operate for longer hours to ease fuel supply tightness and reduce long fuel queues. Mr. Dapo Segun, Executive Vice President of NNPC Ltd. (Downstream), gave the directive during a joint inspection of fuel […]

BUSINESS

FG Announces New Date To Block PoS Operators Bank Accounts

Daily Dispatch July 9, 2024

The Corporate Affairs Commission (CAC) has announced the extension of deadline for registration of all PoS Operators by additional sixty days. According to the Commission, the extension period which begins from 7th July 2024 to 5th September 2024, is to allow operators, especially those in remote areas who might have encountered network glitches to register. […]

BUSINESS

Dangote Refinery Capable Of Solving Nigeria’s Forex Problems; Catalysing Economic Devt, Says S&P Global

Daily Dispatch July 9, 2024

International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development. S&P Global, headquartered in

BUSINESS

NNPCL reveals causes of fuel queues in FCT and environs

Daily Dispatch July 8, 2024

..As NNPC, Stakeholders Vow To Restore Normalcy The NNPC Ltd wishes to state that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and Daughter Vessels resulting from recent […]

BUSINESS

BINL Plans $172bn investment in Nigeria’s Infrastructure, Energy, Real Estate, Mining

Daily Dispatch July 7, 2024

Backbone Infrastructure Nigeria Limited, has announced its intention to invest $172 billion in Nigeria to develop various infrastructure sectors in the country. According to a statement by the multi-national company on Saturday, this investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture, housing, and transportation