BUSINESS

Petrol price increases by 42.63% a litre in one year -NBS

Daily Dispatch April 24, 2023

The National Bureau of Statistics, NBS, says the average retail price of a litre of petrol has increased from N185.30 in March 2022 to N264.29 in March 2023. It made the declaration in its Petrol Price Watch for March 2023 released in Abuja on Monday. It stated that the March 2023 price of

BUSINESS

Network Int’l, Polaris Bank strengthens Partnership to deepen financial inclusion, digital transformation

Daily Dispatch April 24, 2023

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank Limited, to deepen financial inclusion and digital transformation. The partnership is anchored on the provision of payments processing solutions and API

BUSINESS

Probe missing 149m barrels of crude oil – SERAP tells Buhari

Daily Dispatch April 23, 2023

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 audited reports by the Auditor General of the Federation and Nigeria Extractive Industries Transparency Initiative

BUSINESS

Shell wins six awards at 2023 Nigeria International Energy Summit

Daily Dispatch April 19, 2023

Nigeria’s energy giant, Shell, last night won six of the coveted prizes at the awards ceremony of the ongoing 6th Nigeria International Energy Summit (NIES) which took place at the State House Banquet Hall, Abuja, confirming the energy company’s leading position in Nigeria’s energy industry. To crown off the spectacular evening for Shell,  Osagie Okunbor, Country

BUSINESS

$2.4bn Crude Oil Theft: Reps Threaten To Summon AGF, Finance Minister, Others

Daily Dispatch April 19, 2023

The House of Representatives Ad Hoc Committee has threatened to summon the Attorney General of the Federation (AGF), Abubakar Malami, and other top government officials over the alleged loss of $2.4 billion from illegal sale of 48 million barrels of crude oil. Malami and others, including the Minister of Finance, Zainab Ahmed, had failed to appear before […]

BUSINESS

Fuel subsidy removal: FG begins 40% pay rise for workers

Daily Dispatch April 18, 2023

Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The Hotmedia.ng can report. President Muhammadu Buhari is expected to give his final assent for disbursement any moment from now. If the proposal sails through, it means the […]