BUSINESS

Dangote Sugar boosts its $700m investment; increases Numan sugar plantation by 179% to 24,200 hectares

Daily Dispatch November 22, 2022

President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).  Speaking at the Flag off Ceremony of the

BUSINESS

Kaduna Electric To Customers : Meters now available for purchase under meter asset provider scheme…. concludes free NMMP installation

Daily Dispatch November 22, 2022

The Management of Kaduna Electric has said that Customers needing a meter can purchase one through the ongoing Meter Asset Provider Scheme (MAP). It also said that Phase Zero of the National Mass Metering Programme (NMMP) under which free meters were provided by the Federal Government has been concluded. Consequently, free meters are no longer […]

BUSINESS

CBN raises lending rate to 16.5 per cent to end inflation

Daily Dispatch November 22, 2022

The Central Bank of Nigeria, CBN has raised its lending rate to 16.5 per cent in a bullish move to stymie rising inflation and pressure on the naira, the country’s currency. The governor of the Central Bank of Nigeria CBN, Godwin Emefiele made this disclosure on Tuesday at the end of the Monetary Policy Committee […]

BUSINESS

Buhari to unveil redesigned naira notes on Wednesday – Emefiele

Daily Dispatch November 22, 2022

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday said President Muhammadu Buhari will unveil newly designed N1,000, N500 and N200 notes on Wednesday, November 23, 2022. Emefiele made this known during the apex bank’s Monetary Policy Committee monthly meeting in Abuja. According to him, the CBN won’t shift its deadline […]

BUSINESS

Jubilation as sample photos of oil discovered in 2 Northern States emerge

Daily Dispatch November 22, 2022

President Muhammadu Buhari on Tuesday, November 22, flag off the Kolmani Integrated Development Project (KIPRO) discovered on the boundary of Bauchi and Gombe states. The Kolmani Oil Prospecting Lease (OPL) 809 and 810 at the Kolmani field site is the first oil drilling in northern Nigeria. •Latest about Buhari, crude oil in the north ; […]

BUSINESS

Security beefed up as Buhari inaugurates Kolmani oil drill in N/East

Daily Dispatch November 22, 2022

Security measures have been beefed up at the Kolmani River II Oil Field located at a border community between Bauchi and Gombe States for Presidential flag-off of the Kolmani Integrated Development Project. The News Agency of Nigeria (NAN) reports that President Muhammadu Buhari will on Tuesday perform the official ground-breaking ceremony of the Oil Prospecting […]