BUSINESS

Dangote refinery fails to meet August production deadline of 650,000 bpd

Daily Dispatch September 12, 2023

… As PENGASSAN urges FG to concentrate on PH refinery The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by the President, Dangote Group, Aliko Dangote. While delivering his speech at the official commissioning of

BUSINESS

Festus Keyamo joins Tinubu in UAE to resolve Emirates flight suspension, visa ban on Nigerians

Daily Dispatch September 10, 2023

The Minister of Aviation and Aerospace Development, Festus Keyamo SAN, is set to depart Nigeria tonight to the United Arab Emirates, where he is expected to join President Bola Tinubu and other government functionaries in a bid to resolve the Emirates Airline flight suspension to Nigeria, visa ban and other diplomatic issues. Following the diplomatic […]

BUSINESS

Unity Bank grows gross earnings to N27.5 billion in H1’2023

Daily Dispatch September 10, 2023

 Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited.The growth in deposits demonstrates incremental gains by the lender from its commitment to deepening its retail footprint

BUSINESS

Fidelity records PBT of N76.3bn for H1 2023

Daily Dispatch September 4, 2023

……Declares interim dividend of 25 kobo Per Share Lagos, Nigeria, September 3, 2023: Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of the results published on the Nigerian Exchange […]

BUSINESS

Tax: Dangote Cement remits N412.9bn to govt in 3 years

Daily Dispatch September 3, 2023

Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. This huge tax payment from […]

BUSINESS

UK seeks more ways to build stronger trade and investment with Nigeria

Daily Dispatch September 2, 2023

British Deputy High Commissioner in Lagos, Mr Jonny Baxter, was in Enugu State to attend the inaugural edition of the state’s Diaspora and Investment Roundtable, hosted by the Governor, Mr. Peter Mbah. The stakeholder roundtable was an opportunity for high-level discussions on how to advance viable investment, boost trade and create more economic opportunities in […]