BUSINESS

Dangote to Kogi State Government: Acquisition of Obajana Cement followed due process

Daily Dispatch October 12, 2022

The management of Dangote Industries Limited has insisted that its acquisition of the Obajana Cement Plc in 2002 followed due process, contrary to claims by the Kogi State government. The conglomerate asserted that Kogi State government has no equity interest in Obajana Cement Plc. It

BUSINESS

Shell to resume crude oil export at Forcados

Daily Dispatch October 12, 2022

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says the Forcados Oil Terminal will resume export operations by the end of the month when ongoing essential repairs would have been completed. “In addition to the repairs, we are working to remove and clamp theft points on the onshore pipelines to ensure full crude oil […]

BUSINESS

Nigerians spent $609.5m on foreign education in eight months – CBN

Daily Dispatch October 10, 2022

Nigerians spent $609.5m on foreign education between January and August 2022, figures from the Central Bank of Nigeria (CBN) show. The figure is based on the information provided on the amount spent on educational services under the sectoral utilisation for transactions valid for foreign exchange. In January 2022, the apex bank noted that a total […]

BUSINESS

Polaris Bank announces New ‘Save & Win’ Promo, commits Millions of Naira in Prize Money to Nigerians

Daily Dispatch October 10, 2022

 Polaris Bank has commenced a nationwide savings campaign tagged: Polaris ‘Save & Win’ Promo to give away Millions of Naira in cash rewards to its loyal and prospective customers who would partake and emerge winners in the promo.   Four millionaires will emerge alongside 4,379 Nigerians who will be rewarded with other cash gifts from […]

BUSINESS

N206.18Bn Privatisation Proceeds To Fund Nigeria’s 2023 Budget Deficit

Daily Dispatch October 7, 2022

 The Bureau of Public Enterprises (BPE) is to fund the deficit in the 2023 Nigeria’s Budget with N206.18 billion through Privatisation Proceeds, President Muhammadu Buhari has disclosed.  Presenting the 2023 budget estimates totalling N20.51 trillion and tagged: Budget of Fiscal Consolidation and Transition to the joint session of the National Assembly in Abuja on Friday,

BUSINESS

Crude oil theft: NNPCL deactivates 395 illegal refineries

Daily Dispatch October 5, 2022

The Nigerian National Petroleum Company Limited (NNPCL)on Tuesday said it has deactivated 395 illegal refineries in its efforts to curb oil theft in Nigeria. Mr Mele Kyari, the Group Managing Director, NNPCL, said this at a meeting with Senate ad hoc committee on oil theft in Nigeria. Kyari, who raised an alarm over the scale […]