BUSINESS

Tinubu’s projected economy: Banks to increase capital base – Cardoso

Daily Dispatch November 25, 2023

The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the apex bank will be asking Deposit Money Banks to increase their capital base in order to service the $1tn economy projected by President Bola Tinubu. This is as he noted that he knew that there was much work to be

BUSINESS

Nigeria’s economy grows by 2.54% in Q3 – NBS

Daily Dispatch November 24, 2023

The Nigerian economy has recorded 2.54 per cent growth in the third quarter of 2023, according to the latest report from National Bureau of Statistics (NBS). The upward trajectory of the GDP is higher than what was recorded in the corresponding quarter of 2022, surpassing the 2.52% recorded in the third quarter of 2022. This […]

BUSINESS

TotalEnergies confirms leaks on 2.3m barrels capacity Egina FPSO

Daily Dispatch November 23, 2023

TotalEnergies has confirmed the oil leak at its 2.3 million storage capacity Egina Floating Production Storage and Offloading (FPSO) vessel, maintaining that thr incident has been contained. Platforms Africa gathered that the leak had occurred while crude was being loaded from the Egina FPSO to a vessel on 15 November. Country Communication Manager at TotalEnergies, […]

BUSINESS

Universal Green Energy Access Programme, Union Bank of Nigeria Announce Partnership to Propel the Renewable Energy Market in Nigeria

Daily Dispatch November 21, 2023

Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium

BUSINESS

Nigeria, Germany sign renewable energy, gas export pacts

Daily Dispatch November 21, 2023

The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday. Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient

BUSINESS

FG Says there is Urgent Need for Massive Investment in Sanitation for Economic Growth

Daily Dispatch November 21, 2023

The Federal Government has said the nation needs urgent and massive investment and innovation along the entire sanitation to improve public health and the economy. Speaking at the commemoration of World Toilet Day in Abuja on Tuesday, the Minister of Environment, Balarabe Lawalwhile lamenting that about 48 million Nigerians openly defecate, said: “We need urgent […]