BUSINESS

See how to link your BVN, NIN to your bank account

Daily Dispatch March 1, 2024

Nigerians have been instructed by the Central Bank of Nigeria (CBN) to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank accounts in order not to get frozen. The NIN consists of 11 non-intelligible numbers randomly chosen and assigned to an

BUSINESS

NNPC Ltd advocates collaborative war room to tackle challenges faced by independent producers

Daily Dispatch February 29, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The company’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, made the call

BUSINESS

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production

Daily Dispatch February 29, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation’s aspirations to attract investments and grow production.  The two organizations came to this accord when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the […]

BUSINESS

CBN says staggering $26bn illicitly passed through Binance Nigeria in one year

Daily Dispatch February 27, 2024

The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, on Tuesday said that over $26 billion in illicit flows had passed through the crypto platform Binance in the last year. Cardoso said this on Tuesday after the MPC meeting in Abuja. “We are concerned that certain practices go on that indicate illicit flows, going […]

BUSINESS

Reps Committee Summons CBN Governor over REMITA Leakages

Daily Dispatch February 27, 2024

The House of Representatives Committee on Public Accounts PAC has summoned the Central Bank Governor to unfailingly appear before it on Tuesday March 5 over issues with leakages with the REMITA platform. The Chairman of the Committee, Hon Bamidele Salam, made the summon via in a letter to the CBN Governor titledRE: INVESTIGATION OF REVENUE […]

BUSINESS

After four weeks of production marketers await Dangote fuel

Daily Dispatch February 27, 2024

Oil marketers, on Monday, declared that they were still awaiting the supply of refined petroleum products from the $20bn Dangote Petroleum Refinery, four weeks after the launch of production at the multi-billion dollar plant. On January 12, 2024, Dangote refinery announced that it had commenced the production of Automotive Gas Oil, popularly called diesel, and […]