BUSINESS

NNPCL gives update when Kaduna refinery will resume 60% production capacity

Daily Dispatch April 30, 2024

The management of the Nigerian National Petroleum Company Limited (NNPCL) has announced that the rehabilitation of the Kaduna Refining and Petrochemicals Company (KRPC) is expected to be completed by the end of 2024, following years of closure due to maintenance issues. The Managing Director of

BUSINESS

CBN bans Opay, Moniepoint, others

Daily Dispatch April 30, 2024

The Central Bank of Nigeria (CBN) has halted the onboarding of new customers by mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint. A bank source confirmed the action but noted that no official circular had been issued by the apex bank regarding this decision. The restriction was reportedly due to […]

BUSINESS

NNPCL speaks of when fuel scarcity will end

Daily Dispatch April 30, 2024

The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, April 31. Mr Olufemi Soneye, Chief Communications Officer, NNPCL, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has an availability of product exceeding 1.5 […]

BUSINESS

NNPC Ltd Says Cause of Tightness in Fuel Supply Resolved  

Daily Dispatch April 26, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved. It also wishes to reiterate that the prices of petroleum products are […]

BUSINESS

Tinubu approves takeoff of Consumer Credit Scheme

Daily Dispatch April 24, 2024

President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential

BUSINESS

FG Suspends Dana Airline, Directs Comprehensive Audit

Daily Dispatch April 24, 2024

The Federal Government has ordered immediate suspension of Dana Airline operations pending a comprehensive audit on its fleet. Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), issued the directive in a memo addressed to the Director General of the Nigeria Civil Aviation Authority (NCAA). THEWILL reports that the suspension followed Tuesday’s incident