BUSINESS

Nigeria to meet OPEC quota next year, Sylva vows

Daily Dispatch December 5, 2022

The Minister of State Petroleum Resources Chief Timipre Sylva has said that Nigeria will continue to work very hard to meet its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2022. Sylva said the Federal Government will

BUSINESS

Polaris Bank promotes SMEs, sponsors The Fashion Souk

Daily Dispatch December 2, 2022

Polaris Bank has reaffirmed its commitment to support the growth of Small and Medium Enterprises in Nigeria. The Bank in a statement on Friday gave this assurance, while disclosing plans to sponsor The Fashion Souk 7.0. The statement further noted that three successful entrepreneurs who emerge winners in a business pitch at the event will […]

BUSINESS

NNPC allays fear of scarcity, insists enough fuel in stock

Daily Dispatch December 1, 2022

Against the increasing fuel scarcity across the country, the Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of Premium Motor Spirit (PMS), popularly known as petrol, in stock. In a statement on Thursday, Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited, noted that with enough fuel in stock, it […]

BUSINESS

MSME Bank of the Year Award: Customers Laud Polaris Bank

Daily Dispatch December 1, 2022

Polaris Bank has been commended by a cross section of customers for emerging the ‘MSME Bank of the Year 2022’ by the BusinessDay’s Banks and Other Financial Institutions (BAFI) Awards. The award is coming on the heels of the Bank’s recent strides in supporting SMEs and MSMEs. Polaris Bank has been renowned for its intervention […]

BUSINESS

Bank failure: Depositors should go sleep, no deposit will be lost –NDIC

Daily Dispatch November 29, 2022

The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in unlikely event of bank failure. Dr Kabiru Katata, Director, Research Policy and International Relations Department of NDIC, said this on Tuesday in Port Harcourt. He gave the assurance in a lecture at the 2022 workshop […]

BUSINESS

New Investment: Dangote plans fresh 300,000 jobs for Nigerians

Daily Dispatch November 28, 2022

Africa’s foremost industrialist, Aliko Dangote, is optimistic that the new multibillion naira investment in the sugar sub-sector would help provide no fewer than 300,000 jobs in Nigeria. A statement from the Corporate Communication Department of the company quoted the Group’s President Aliko Dangote as saying that the company was providing fresh funds and thus expanding