BUSINESS

Kyari Calls for Adaptation to Changing Energy Landscape

Daily Dispatch November 15, 2023

…Advocates Diversified Energy Portfolio The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave this charge on Tuesday while delivering an Industry address at the opening

BUSINESS

Islamic Finance: Nigeria, Africa needs about $30bn annually to fill energy gap

Daily Dispatch November 14, 2023

•Nigeria finance sector lagging behind in adopting non-interest banking As the world moves to tackle climate change and transition to a more renewable energy, Nigeria and Africa will need between $22.6-$30 billion annually to fill the energy financing gap. This is even as the Federal Government said it will continue to explore Islamic finance tools […]

BUSINESS

Just In: CBN extends use of old N200, N500, N1000 notes indefinitely

Daily Dispatch November 14, 2023

The Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. the CBN had introduced the redesign of N200, N500 and N1,000 denominations in October 2022 and certain deadlines were set for the old notes of these denominations to cease as legal tenders. But on Tuesday, the CBN […]

BUSINESS

Shell contracts offshore firm Argeo to boost Bonga field development

Daily Dispatch November 14, 2023

Shell’s Nigerian subsidiary, SNEPCo, and local content partner GOSL, has entered into agreement with Oslo-listed offshore service company Argeo for work on Shell’s Bonga field.The project is hopefully starting in Q4-2023. The first work programme comprises deep-water inspection services in the Bonga field and its subsea assets  -pipelines, infrastructure, and flowline

BUSINESS

Nigeria might resort to importing crude oil if… Wabote raises alarm

Daily Dispatch November 14, 2023

The Executive Secretary Nigerian Content Development and Monitoring Board, NCDMB, Engr. Simbi Kesiye Wabote, has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the current low production numbers. He gave the warning in his goodwill message at the 41st Annual […]

BUSINESS

AFREXIM Bank, UBA sign $150m trade facility agreement

Daily Dispatch November 14, 2023

The AFREXIM Bank has signed a $150 million  trade finance facility agreement with United Bank for Africa (UBA) PLC. The deal is under the Ukraine Crisis Adjustment Trade Financing Programme for Africa. The agreement was signed on the sidelines of the ongoing Intra-African Trade Fair (IATF) 2023 in Cairo, Egypt on Monday. According to AFREXIM […]