BUSINESS

NNPCL paid N123bn interim dividend to FAAC

Daily Dispatch July 22, 2023

The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. FAAC had on Thursday shared N907 billion among the three tiers of government. From the

BUSINESS

Fidelity Bank reclassified as Medium Price Stock

Daily Dispatch July 22, 2023

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been trading above the N5.00 mark […]

BUSINESS

Breaking: FIRS rakes-in record N5.5 trillion in six months

Daily Dispatch July 20, 2023

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023.  This is the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year. The Special Assistant to the Executive Chairman, FIRS on Media […]

BUSINESS

Agusto & Co. affirms Fidelity Bank’s ‘A’ rating, with a Stable Outlook

Daily Dispatch July 19, 2023

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The […]

BUSINESS

KWATI AIR Team visits Nigeria Embassy in Sierra Leone, present operational License to Ambassador

Daily Dispatch July 19, 2023

KWATI AIR Team led by its CEO, Wisdom KWATI on Tuesday visits Nigeria Embassy in Sierra Leone. The team during the visit officially presented KWATI AIR License to the Nigerian Ambassador, His Excellency, Henry John Omaku. In a short message, the CEO, KWATI AIR said “As a Nigerian investor in Sierra Leone, I strive to […]

BUSINESS

CBN, CBE set up ‘Nigeria-Egypt FinTech Bridge’

Daily Dispatch July 18, 2023

The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a memorandum of understanding (MOU) to establish a Nigeria-Egypt FinTech Bridge. The signing ceremony, which took place at the Seamless North Africa 2023 conference at the Egypt International Exhibition Center, Cairo, on July 17 – 18, 2023, comes after a series […]