BUSINESS

Russia-Ukraine Crisis Takes Its Toll on Nigeria’s Crude, Affects Inflow into International Markets, says NNPC Ltd.

Daily Dispatch November 9, 2023

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-dependable Asian market at the onset of

BUSINESS

FG reveals plans to achieve N500/$1 exchange rate

Daily Dispatch November 8, 2023

Vice President Kashim Shettima has issued a stern warning to individuals hoarding foreign currencies in anticipation of a further decline in the naira. Speaking at the “Cowries to Cash” lecture in Abuja, represented by Tope Fasua, the special adviser to President Ahmed Bola Tinubu on Economic Matters, Shettima revealed that the government is actively formulating […]

BUSINESS

NNPC Signs Agreement on Green Economy Development With Niger State Government

Daily Dispatch November 8, 2023

…as Niger Airport is set for flight operations The Niger state Government Green Economy Initiative is beginning to yield the needed input as it has attracted international investors led by NNPC who signed a Green Economy and Energy Development Partnership agreement for the development of 4 unique projects in the state. In a press statement […]

BUSINESS

NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade

Daily Dispatch November 8, 2023

               …As Export of Two 950,000 barrels Cargoes Commences The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of

BUSINESS

CBN Governor Promises to Work for Increase Diaspora Remittance into Nigeria

Daily Dispatch November 7, 2023

Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso has pledged to look into the high charges on remittances inflow to Nigeria for a robust economy. The CBN Governor gave the assurance during a strategic meeting, led by the Chairman/CEO and Management of Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, to the CBN headquarters […]

BUSINESS

(Investigation) CBN Intervention Funds: Controversy as Keystone Bank Asks Participants to Pay Full Commercial Loan Rate on Performing Intervention Facilities

Daily Dispatch November 7, 2023

… Banks Indict CBN .. Apex Bank Fail to Respond Recall that in 2020 immediately after Covid-19, the apex bank of Nigeria (CBN) swung into action by introducing a special pricing offer on the existing CIFI (Creative Industry Financing Initiative) loans. In addition to this, they injected N100bn into the economy that was disbursed through […]