BUSINESS

NNPC profit hits N674bn in 2021

Daily Dispatch October 5, 2022

The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a profit after tax of N674 billion for the financial year ended Dec. 31, 2021. The profit represented a growth of 134.84 per cent when compared with N287 billion profit in 2020 which was recorded under the old Nigerian

BUSINESS

CBN resorts to self-help, begins debiting loan defaulters’ accounts

Daily Dispatch October 2, 2022

The Central Bank of Nigeria has made good its promise to debit accounts of defaulters under its development finance intervention programmes. The director of development finance at the CBN, Yusuf Yila stated on Wednesday, September 28 after the Monetary Policy Committee (MPC) meeting in Abuja that the apex bank had begun to debit accounts often […]

BUSINESS

Nigeria At 62: Entrepreneurship and Industrial Hubs Hold Key To A Beautiful Nigeria — Nami

Daily Dispatch October 2, 2022

The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami has stated that a beautiful Nigeria is possible through the proliferation of Entrepreneurship and Industrial Hubs across the Federation, noting that the adoption of this model would create all-round economic transformation. In his Goodwill Message to Nigerians on the occasion of the country’s 62nd

BUSINESS

How Africa’s Trade Area can succeed – Buhari

Daily Dispatch September 30, 2022

President Muhammadu Buhari says the African Continental Free Trade Area (AfCFTA) will succeed if African governments demonstrate a higher level of commitment to tackle the slow pace of physical integration, political cooperation and tariff barriers that inhibit business integration. Addressing the second African Sub-Sovereign Governments Network (AFSNET) Conference on

BUSINESS

Moghalu cautions NASS against bill to remove CBN Governor as Chairman, BODs

Daily Dispatch September 29, 2022

Nigeria political economist, Prof. Kingsley Moghalu has  cautioned the National Assembly against passage of a bill to remove the Central Bank of Nigeria (CBN) Governor  as Chairman of the bank’s  Board of Directors. Moghalu, a former Deputy Governor of the  CBN in a statement in Lagos on Thursday, said such step to remove the power […]

BUSINESS

Gas and market challenges impeding LPG supply into the domestic market – NLNG

Daily Dispatch September 29, 2022

Nigeria LNG Limited (NLNG) has said it remains committed to supply 100% of all its Liquified Petroleum Gas (LPG) production (butane and propane) to the Nigerian domestic market despite feedgas and market challenges. NLNG’s Managing Director/Chief Executive Officer, Dr. Philip Mshelbila, made the statement today at the Nigerian Association of LPG Marketers (NALPGAM)