BUSINESS

Shell deploys first unmanned vessel for pipeline route survey in Nigeria

Daily Dispatch February 26, 2024

The Shell Petroleum Development Company of Nigeria Limited has deployed an Uncrewed Surface Vessel for a pipeline route survey in the Niger Delta. The Uncrewed Surface Vessel saves time and cost and reduces exposure to personnel and the environment. Last month, the remotely operated USV

BUSINESS

Disputed Business and Investment Forum Now to Hold During President Tinubu’s Official Visit to Qatar- Embassy

Daily Dispatch February 25, 2024

The disputed Business and Investment Forum (BIF) planned during the proposed official visit of President Bola Tinubu to Qatar is now going to hold, the Embassy of Qatar in Nigeria has revealed in an official correspondence with Nigeria’s ministry of foreign affairs. It would be recalled that a leak official correspondence between The Qatari government […]

BUSINESS

CBN releases guidelines for Bureau De Change operations

Daily Dispatch February 24, 2024

CBN Releases Reversed Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria, Here Are Key Points : 1.⁠ ⁠Bureaux de Change (BDCs) now have tiers: Tier 1 requires a minimum capital of N2bn (this is for a national license), while Tier 2 has a minimum capital requirement of N500m (these can only operate […]

BUSINESS

Cement manufacturers reduces price to N7,000 after meeting FG

Daily Dispatch February 19, 2024

Cement manufacturers have agreed to bring down the price of the product from N10,000 to between N7,000 and N8,000 per 50 kg, provided some conditions are met by the Federal Government. The decision was reached at a meeting convened by the Minister of Works, Engr. David Umahi. Umahi had invited cement manufacturers to a meeting […]

BUSINESS

Govt sets to sell rice N20k per bag, other food items at lower prices

Daily Dispatch February 18, 2024

As part of the measures to ameliorate the suffering of citizens occasioned by high cost of food items, the Nasarawa State government has reached an agreement with traders and marketers association in the state to buy off their wares and sell them at discounted prices to the people. Following the agreement, the government has taken […]

BUSINESS

High dollar rate: NERC to increase price of prepaid meters

Daily Dispatch February 18, 2024

NERC is condering an increase on the price of Prepaid Meters over the exchange rate. Next Edition reports that the Nigerian Electricity Regulatory Commission (NERC) is considering increasing the price of prepaid meters once again. This consideration comes in response to the escalating production costs faced by meter manufacturers, according to sources familiar with the