BUSINESS

Subsidy: Abuja traders lament, says transport fares killing business

Daily Dispatch June 2, 2023

Traders in Abuja have expressed their frustration with the increase in transportation fares due to the rise in petrol pump prices. They shared their disappointment in an interview with the News Agency of Nigeria correspondent in Abuja. Following President Bola Tinubu’s statement that “fuel

BUSINESS

10 benefits of petroleum subsidy removal you must know-PSN

Daily Dispatch June 1, 2023

1. Infrastructure Development: Frees up public funds for more meaningful infrastructure and developmental program that stimulates industrialization, create jobs, economic growth and social prosperity. For example: ▪︎Almost N12 trillion spent on subsidy in the last 4 years is more than sufficient to develop any of the following projects:▪︎2,400, hospitals of 1000-bed

BUSINESS

Tinubu Has Ordered Palliatives To Cushion Effects Of Subsidy Removal – Kyari

Daily Dispatch June 1, 2023

The group chief executive officer (GCEO) of Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has disclosed that President Bola Tinubu has ordered the putting in place of palliatives to cushion the effect of removal of fuel subsidy on Nigerians. He also insisted that there was no going back on subsidy removal, as it was […]

BUSINESS

CBN denies naira devaluation

Daily Dispatch June 1, 2023

The Central Bank of  Nigeria (CBN) has dispelled rumours that it devalued the Naira, describing the news as fake. The CBN made the denial on Thursday in a statement by Isa AbdulMumin, CBN Acting Director, Corporate Communications. The CBN was reacting to a viral news that it had devalued the Naira from about N465 to […]

BUSINESS

Access Bank Launches French Desk

Daily Dispatch May 31, 2023

Access Bank has launched a French Desk, a platform to connect French and Nigerian companies and providing them with financial solutions to conduct trade and investment activities between both countries. A statement by the French Embassy on Wednesday, read that: “The French Minister of State for Development, Francophonie and International Partnerships, Mrs Chrysoula

BUSINESS

It’s official: NNPCL confirms upward price review

Daily Dispatch May 31, 2023

The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol. The Chief Corporate Communications Officer, NNPC Ltd, Garba Deen Muhammad, confirmed this in a statement on Wednesday afternoon. “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail […]