BUSINESS

Partnership: Dangote, Sinoma sign agreement on new 6Mta cement plant with a capacity of 12,00 TPD in Itori, Ogun State

Daily Dispatch February 1, 2023

Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive

BUSINESS

NNPCL: Marketers smuggling fuel to neighbouring countries

Daily Dispatch February 1, 2023

The Nigerian National Petroleum Company Limited (NNPC Limited) says Nigerian fuel was being smuggled to other countries by some oil marketers. The NNPCL said the fuel smuggling could only be done either by the people in the industry or those connected or buying from the operators including in marine containers. The Group Chief Executive Officer […]

BUSINESS

FG’s high debt exposure forces US-Based Rating Agency to downgrade UBA, First Bank, seven others

Daily Dispatch February 1, 2023

The debt exposure of the Federal Government has forced Moody’s Investors to downgrade the rating of nine Nigerian banks. The US-based rating agency downgraded long-term deposit ratings, issuer ratings as well as the senior unsecured debt ratings from B3 to Caa1. THE WHISTLER can report that the affected banks are Access Bank Plc, Zenith Bank Plc, […]

BUSINESS

France Against ECOWAS Single Currency- Members of ECOPARL

Daily Dispatch February 1, 2023

The French government has been accused of moving against the adoption of a single currency for the entire West Africa region. The adoption of the single currency, ECO would have wiped out CFA franc which is currently used by the Francophone countries that are more than have of the members of the Economic Community of […]

BUSINESS

Implementation of SIRTS, SHF has come to stay in Ogun – OGIRS Boss

Daily Dispatch February 1, 2023

The Executive Chairman, Ogun State Internal Revenue Service (OGIRS), Mr. Olugbenga Olaleye has reiterated the determination of the State Government to continue with the implementation of the Single Inter State Road Tax Stickers (SIRTS) and Single Haulage Fee (SHF) as agreed with Chairmen of other States’ Internal Revenue Service including the Federal Capital, at the

BUSINESS

Nigeria’s public debt stock rises to N44.06trn in Q3 2022 – NBS

Daily Dispatch January 31, 2023

The stock of Nigeria’s public debt rose from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022. The National Bureau of Statistics (NBS) stated this in its Nigerian Domestic and Foreign Debt Report for Q3 2022, which was released in Abuja […]