BUSINESS

Nigeria’s Eurobond draws strong global demand

Daily Dispatch November 5, 2025

…Oversubscribed Fourfold Despite Geopolitical Uncertainty Nigeria’s latest Eurobond issuance has recorded overwhelming success, with subscription levels reaching four times the offer amount—an outcome that underscores strong investor confidence amid global market unease. The dual-tranche

BUSINESS

AICIF: The Metropolitan, FG harp on Islamic finance for Inclusive, sustainable development

Daily Dispatch November 4, 2025

Ummahani, Sanusi, and Katuka call for maximising non-interest finance potentials Vice President Kashim Shettima and other economic Stakeholders have called on African nations to deepen the adoption of Islamic finance as a tool for inclusive and sustainable economic transformation across the continent. Represented by Dr Tope Fasua, Special Adviser to the President on

BUSINESS

Two new lithium processing plants to be established in Kokona LGA-Governor Sule

Daily Dispatch November 4, 2025

Governor Abdullahi Sule of Nasarawa State, has announced that two new lithium mining and processing plants will be established in Kokona Local Government Area. Governor Sule disclosed this during his appearance on an Arise TV programme monitored in Lafia on Monday. The Governor stated that the new facilities in Agwada and Amba will bring the […]

BUSINESS

Backbone Infrastructure Ltd secures $50b funding for Ondo 500,000bpd refinery, Free Zone Development

Daily Dispatch November 3, 2025

Following the successful execution of the Memorandum of Understanding (MoU) between Backbone Infrastructure Ltd and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July,

BUSINESS

Tinubu Approves 15% Import Duty on Petrol and Diesel to Protect Local Refineries, Stabilise Market

Daily Dispatch October 30, 2025

President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria — a move the Presidency says is aimed at protecting local refineries, stabilising the downstream market, and advancing the administration’s ongoing energy sector reforms. While the policy is expected to strengthen domestic refining […]

BUSINESS

Ogun remains Nigeria’s most dynamic industrial belt – Tinubu

Daily Dispatch October 29, 2025

…acknowledges Coleman Industries’ contribution to national development President Bola Ahmed Tinubu has reaffirmed Ogun State’s position as Nigeria’s leading industrial hub, describing it as the most dynamic industrial belt powering the nation’s economic growth. The President stated this on Wednesday at the commissioning of Phase Two of the Fibre Optic Factory of Coleman