BUSINESS

UBA is well-positioned to meet the growing demand of its customers-Oliver Alawuba

Daily Dispatch September 16, 2022

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has said, the bank’s consistent investment in strengthening its digital channels have been paying off as UBA is well-positioned to meet the growing demand of its customers across Africa and

BUSINESS

Senate commends Dangote-Sinotruk’s investment in Vehicle Assembling in Nigeria

Daily Dispatch September 15, 2022

Chairman, Senate Committee on Industry, Senator Tokunbo Abiru has commended Dangote Sinotruk West Africa for its impressive commitment to Nigeria’s economic development through investment in a vehicle assembly plant in the country. According to him, with Dangote Sinotruk West Africa, Nigeria’s path to self-reliance in vehicle assembling has begun. “We want to encourage the

BUSINESS

Nigeria’s inflation rate rises to 20.52%

Daily Dispatch September 15, 2022

Nigeria’s inflation rate has surged to 20.52% in August 2022, according to the report of the National Bureau of Statistics (NBS) released on Thursday. The headline inflation rate was 19.64% in the previous month of July. The consumer price index (CPI) measures the average change over time in the prices of goods and services consumed […]

BUSINESS

Shell Says CEO Stepping Down At End Of 2022

Daily Dispatch September 15, 2022

British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan. Van Beurden, who will have been at the helm for nine years, will be succeeded by the head of integrated gas, renewables and energy solutions, Shell said […]

BUSINESS

Banks’customers pay N45.9b as account maintenance fees in H1’22

Daily Dispatch September 15, 2022

Customers of leading commercial banks in Nigeria paid N45.9 billion as account maintenance fees in the first half of the year (H1’22). This represents a 26 per cent year-on-year (YoY) rise when compared to N36.29 billion paid in the corresponding period of 2021. Findings from the fees and commission data in the H1 ’22 Financial […]

BUSINESS

Nigeria to benefit from U.S. $12bn climate fund

Daily Dispatch September 14, 2022

Nigeria has been included among the beneficiaries of the United States $12 billion Emergency Programme for Adaptation and Resilience. The programme was put in place by the US President, Joe Biden, to help countries to reduce the impact of the climate crisis. Speaking to journalists in Abuja on Tuesday after a meeting of delegations of […]