BUSINESS

23 airlines owes NCAA, FAAN, NAMA N46billion

Daily Dispatch August 30, 2022

… as NCAA issues one-month ultimatum for repayment plan No fewer than 23 domestic airlines owe the Nigerian aviation agencies about N46 billion for various operational charges as at today, Tuesday, August 30. While they owed the Nigerian Civil Aviation Authority, NCAA, for statutory five

BUSINESS

Dangote to cut sugar import by 40%

Daily Dispatch August 30, 2022

The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent. The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make the sugar plant […]

BUSINESS

Fuel importation will end by 2023 — NNPC boss

Daily Dispatch August 30, 2022

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the country would stop importing petroleum products by 2023. Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday. Kyari, who spoke during the weekly Ministerial Briefing, hosted by the Presidential Communication Team […]

BUSINESS

Breaking: Fidelity Bank to acquire Union Bank

Daily Dispatch August 30, 2022

Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday. It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a new owner, Titan […]

BUSINESS

Oguninvest disclaims purported business workshop

Daily Dispatch August 30, 2022

The Ogun State Government through the Ogun State Investment Promotion & Facilitation Agency (OgunInvest) has refuted the claim that its organizing any business workshop/empowerment programme for the members of the public. In a statement made available today and signed by the Deputy Director of Ogun State Promotion and Facilitation agency, Mrs. Fehintola Odulaja, in

BUSINESS

Dangote to save forex, through 40% sugar import substitution

Daily Dispatch August 29, 2022

…To employ 30,000 youths in Nasarawa Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently in a chat with newsmen that it was embarking […]