BUSINESS

CBN withdraws licenses of 2,698 BDCs as naira continues free fall

Daily Dispatch July 18, 2023

The Central Bank of Nigeria has released the list of approved Bureau de Change dealers in Nigeria. According to the list published by the apex bank, the total number of approved BDC dealers were reduced to 2,991. The document titled ‘Approved BDCs’, seen by THE WHISTLER, revealed that the

BUSINESS

Fuel subsidy: Oil marketers have imported first shipment of petrol – NMDPRA CEO

Daily Dispatch July 18, 2023

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have announced that oil marketers have begun the importation of Premium Motor Spirit (commonly known as petrol). The commencement of petrol importation by oil marketers comes after a span of seven weeks following President Bola Tinubu’s May 29 inaugural address, in which he announced the removal

BUSINESS

NASENI invites producers of Lithium Batteries to Manufacture in Nigeria

Daily Dispatch July 17, 2023

 Receives Chinese delegation The National Agency for Science and Engineering Infrastructure (NASENI) is calling on investors to collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions.  The Executive Vice Chairman/CEO of NASENI Dr, Bashir Gwandu speaking today in Abuja said the Agency was ready to

BUSINESS

Simbi Wabote to Chair Africa Local Content and Entrepreneurship Summit at African Energy Week (AEW), Fueling Africa’s Energy Revolution

Daily Dispatch July 14, 2023

Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board, will play a pivotal role as the Chair, driving essential discussions during the African Local Content and Entrepreneurship Summit at African Energy Week 2023 AS Africa’s energy sector stands on the threshold of a transformative era, the spotlight shines on the crucial role […]

BUSINESS

CBN directs payment of dollar receipts in Naira

Daily Dispatch July 13, 2023

The Central Bank of Nigeria (CBN) has issued a directive to International Money Transfer Operators (IMTOs), instructing them to convert received dollars from Diaspora remittances into naira and transfer them to domestic beneficiaries. The CBN Director of the Trade and Exchange Department, O.S. Nnaji, has issued a circular addressed to banks, International Money Transfer

BUSINESS

Just In: NCAA suspends Max air indefinitely

Daily Dispatch July 13, 2023

The Nigeria Civil Aviation Authority (NCAA) has suspended, indefinitely, the operations of all Boeing B737 aircraft of domestic carrier, Max Air. The suspension was with immediate effect, according to a letter by the regulator to the domestic airline. The letter was dated July 12, 2023 and marked NCAA/DG/AIR/11/16/363. It was entitled, “Suspension of Parts A3 […]