BUSINESS

Union Bank unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

Daily Dispatch September 26, 2023

Union Bank of Nigeria, a leading financial service provider, has released its 2022 Citizenship, Sustainability, and Innovation (CSI) report, outlining the bank’s efforts across three pivotal areas – Citizenship, Sustainability, and Innovation. The 7th edition of the report, titled

BUSINESS

Dangote clarifies alleged cement price slash

Daily Dispatch September 25, 2023

Dangote Group has clarified claims doing the roundtable that it had reduced the price of cement to N2,700 per 50-kilogramme bag from N5,500. Anthony Chiejine, Spokesperson for Dangote Group, reportedly disclosed this in a chat with DAILY POST on Monday. Chiejine described the claim as fake news. His reaction comes amid speculation that the Dangote […]

BUSINESS

NNPCL exchanged crude oil valued at N2.6tn for refined petroleum products – NEITI

Daily Dispatch September 25, 2023

The Nigerian National Petroleum Company Limited exchanged crude oil valued at N2.6tn for refined petroleum products in 2021, latest data from the Nigeria Extractive Industries Transparency Initiative, an agency of the Federal Government, showed. An analysis of crude oil production figures obtained from the just released 2021 Oil and Gas Report of NEITI also indicated […]

BUSINESS

Cardoso assumes duty as Acting CBN Governor as Shonubi, others resign

Daily Dispatch September 22, 2023

Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has assumed duty in an acting capacity as the Governor of the Central Bank of Nigeria. The Director of Corporate Communications of the CBN, Dr. Isa AbdulMumin, revealed this in a statement on Friday. AbdulMumin said Cardoso, who resumed on Friday, will occupy the […]

BUSINESS

World leaders commends Tony Elumelu for his contributions to youth development and entrepreneurship in Africa

Daily Dispatch September 21, 2023

A gathering of prominent global leaders, including Nigeria’s President Asiwaju Bola Ahmed Tinubu, Lagos State Governor Babajide Sanwo-Olu, representatives from the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF), as well as numerous leaders from the public and private sectors, came together to commend the exceptional contributions

BUSINESS

CBN unveils portal for microfinance bank licence applications

Daily Dispatch September 21, 2023

The Central Bank of Nigeria (CBN) has introduced an online platform for the submission of Microfinance Bank licence applications. The new platform, named the “CBN Licensing, Approval and Other Requests Portal”, will replace the traditional manual process through which prospective MFB licence applicants previously submitted their applications to the CBN. This was disclosed