BUSINESS

NMDPRA approves F-500 Encapsulator Agent for oil depots, pipelines with strict three-year terms

Daily Dispatch April 20, 2026

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has approved the F-500 Encapsulator Agent fire suppressant for use across midstream and downstream petroleum operations, subject to strict three-year conditions and regulatory monitoring. The fluorine-free agent is now cleared

BUSINESS NEWS

No Subsidy Return Even as Petrol Prices Climb, Says Finance Minister

Daily Dispatch April 14, 2026

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has dismissed any possibility of reintroducing fuel subsidies, even as petrol prices surge due to escalating tensions in the Middle East. Speaking during a media briefing of the G-24 on the sidelines of the April 2026 Global Financial Stability Report launch by the […]

BUSINESS

Nigeria’s Crude Oil Output Rises to 1.38m bpd in March – OPEC

Daily Dispatch April 14, 2026

Nigeria’s crude oil production climbed to 1.38 million barrels per day (bpd) in March 2026, according to the latest monthly oil market report released by Organization of the Petroleum Exporting Countries. The report, published on Monday, shows a modest recovery in the country’s oil output, signaling gradual improvement in production levels. Despite the increase, Nigeria’s

BUSINESS NEWS

Lenders balk at Amukpe-Escravos pipeline sale at old valuation

Daily Dispatch April 10, 2026

Lenders, including Sterling Bank, Keystone, and others, are objecting to reviving a previously scrapped plan to acquire a stake in the Amukpe-Escravos Pipeline, questioning the rationale behind moving up a September 2025 approval tied to the failed deal. The prior approval indicated a lower bid, and lenders are reportedly advocating for an independent advisor to […]

BUSINESS

Polaris Bank Promotes Youth Financial Literacy Through Global Money Week 2026

Daily Dispatch April 9, 2026

As financial systems become more sophisticated in today’s rapidly evolving digital landscape, the urgency to equip young people with essential money management skills continues to grow. From responsible spending and savings habits to digital transactions and entrepreneurial thinking, financial literacy has become a critical life skill. In response to this need, Polaris

BUSINESS

Access Bank Applauds Ogun’s Investor-Friendly Policies, Backs Airport Vision

Daily Dispatch April 7, 2026

The Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, has commended the Ogun State Government for creating a business-friendly environment that continues to attract investors. Ogbonna gave the commendation during a visit to Governor Dapo Abiodun, where he led a delegation of senior executives from the bank. He said Ogun’s policies have gone beyond […]