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

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 […]

BUSINESS

NNPC Records N535bn Profit After Tax for June ‘26

Daily Dispatch July 31, 2026

NNPC Limited recorded ₦535 billion profit after tax for the month of June representing 15.8% increase from the ₦462bn in recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026. Total revenue for the month stood at ₦4,389 billion, while cumulative statutory payments to […]

BUSINESS

Fubara Woos Investors as Rivers Unveils High-Tech Paint Plant for Oil, Gas Industry

Daily Dispatch July 31, 2026

Rivers State Governor, Sir Siminalayi Fubara, on Friday renewed his administration’s commitment to creating an investment-friendly environment, declaring that sustained infrastructure development and improved ease of doing business are central to the state’s economic growth strategy. The governor made the declaration during the commissioning of the Solewant Specialty

BUSINESS

Nigeria’s Foreign Reserves Drop by $114m in One Week After Hitting $52bn Peak

Daily Dispatch July 31, 2026

Nigeria’s external reserves have declined by $114 million within seven days after recently climbing above the $52 billion mark, according to the latest figures released by the Central Bank of Nigeria (CBN). Data from the apex bank showed that the country’s foreign reserves fell from $52.04 billion on July 22 to $51.92 billion as of […]