BUSINESS NEWS

Tinubu Vows to Revive Nigeria’s Refineries After Structural Reset

Daily Dispatch August 14, 2026

President Bola Ahmed Tinubu has assured that Nigeria’s refineries will be revived and repositioned to operate profitably, saying the Federal Government will undertake a comprehensive review and restructuring of the facilities. Tinubu gave the assurance on Thursday in Abuja when he received the

BUSINESS

Deep Offshore Incentive Order to Accelerate Investment, Production Growth — Ojulari

Daily Dispatch August 13, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing the policy as a major reform capable of attracting fresh investments and boosting Nigeria’s crude oil production. The NNPC Group Chief Executive Officer, Engr. Bashir Bayo

BUSINESS

India-Nigeria Trade Hits $9bn

Daily Dispatch August 12, 2026

…as Abuja, New Delhi Deepen Strategic Partnership India and Nigeria are deepening their strategic partnership across trade, investment, defence, energy, healthcare, agriculture and technology, with bilateral trade climbing to about $9 billion in the 2025–26 financial year, the Indian High Commissioner to Nigeria, Abhishek Singh, has disclosed. Singh made the

BUSINESS

Tinubu Approves New Framework to Attract $50bn Deep Offshore Investments

Daily Dispatch August 11, 2026

President Bola Ahmed Tinubu has approved a new investment framework aimed at attracting up to $50 billion in fresh investments into Nigeria’s deep offshore oil and gas sector and reviving major projects that have remained on hold for years. The reform replaces the previous system of negotiating incentives on a project-by-project basis with a transparent, […]

BUSINESS

NNPC Defends Ojulari’s Leadership, Says Crude Oil Production Grew 6%

Daily Dispatch August 8, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer, Engr. Bayo Ojulari, dismissing recent criticism over the company’s performance in the recently concluded oil licensing round. The company said recent media comments attributed to the Oil and Gas Professionals Forum (OGPF), which

BUSINESS

CBN Lists Five Strategies to Drive Next Stage of Fintech Growth in Nigeria

Daily Dispatch August 3, 2026

The Central Bank of Nigeria (CBN) says the next stage of fintech development in Nigeria must focus on five important outcomes to achieve sustainable growth of the initiative. Mr. Yemi Cardoso, Governor, Central Bank of Nigeria (CBN) said in a goodwill message at the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 in Lagos […]