BUSINESS NEWS

Delta, Rivers, Akwa Ibom lead FAAC allocations as States receive ₦4.587tn in eight months — NBS

Daily Dispatch November 18, 2025

Nigeria’s 36 states received a combined ₦4.587 trillion from the Federation Accounts Allocation Committee (FAAC) between January and August 2025, according to new data released by the National Bureau of Statistics (NBS). The breakdown shows that states with strong derivation earnings dominated

BUSINESS

Dangote refinery debunks claims linking pump price reduction to tariff suspension

Daily Dispatch November 17, 2025

Dangote Petroleum Refinery has dismissed widespread reports suggesting that the recent reduction in pump prices by oil marketers was triggered by the Federal Government’s alleged suspension of the 15 per cent import tariff on petroleum products. In a strongly worded statement, the company described the publications as “misleading” and “inconsistent with actual market

BUSINESS

Emadeb E&P Achieves First Oil From Ibom Field, Marks Major Boost for Nigeria’s Upstream Sector

Daily Dispatch November 17, 2025

Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) has announced the production of first oil from the Ibom Field (PPL 236), a significant milestone that further positions the company as an emerging force in Nigeria’s upstream oil and gas landscape. According to the company, the achievement follows years of sustained investment, technical

BUSINESS

Fidelity Bank grows gross earnings by 46% to ₦748.7 billion for H1 2025

Daily Dispatch November 14, 2025

Fidelity Bank Plc has announced its audited financial results for the half-year ended 30 June 2025, demonstrating resilience and sustained growth across key performance indicators. Highlights of the financial results which was uploaded on the Nigerian Exchange (NGX) portal on Thursday, 13 November 2025 shows that the bank delivered robust results across key financial

BUSINESS

Polaris bank wins MSME Digital Bank of the Year Award for inclusive growth

Daily Dispatch November 13, 2025

Polaris Bank has once again reaffirmed its leadership in digital innovation and inclusive banking, emerging as the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards held recently in Lagos. The event, organized by the Africa Global Economic Forum BBBin partnership with PROSHARE, recognized outstanding […]

BUSINESS

Senate directs NNPCL to remit N210 trillion missing funds into Federation Account

Daily Dispatch November 12, 2025

The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the N210 trillion outstanding against the oil firm. It came to the conclusion on Wednesday that the money, which had not been accounted for, must be refunded to the Federation Account by the company. The Senate Committee on Public […]