BUSINESS

We are committed to Nigerian Content in our operations – NLNG

Daily Dispatch August 29, 2022

Nigeria LNG Limited, NLNG, has stated that it is committed to ensuring Nigerians benefit maximally from all its operations by going beyond mere compliance with Nigerian Content targets as set out in the Nigerian Oil and Gas Industry Content Development Act (NOGICD) 2010. Philip

BUSINESS

AfDB woos Japanese businesses to invest more in Africa

Daily Dispatch August 29, 2022

President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has urged Japanese businesses to invest more in Africa, where investment opportunities and returns on investment are among the highest in the world. In a statement from the Communication and External Relations Department of the AfDB in Abuja, the AfDB president said this to participants […]

BUSINESS

Nigerians drink beer worth N599.11 billion in 6 months

Daily Dispatch August 28, 2022

Nigerians drink beer worth N599.11 billion in six months running from January to June 2022, according to the first quarter results of four major brewers in the country. Champion Brew ended the First Half (H1) 2022 as the best performing company in the brewery Industry, as Nigerian Breweries and Guinness Nigeria lost market share to […]

BUSINESS

Stable oil market beneficial to all – Sylva

Daily Dispatch August 28, 2022

Chief Timipre Sylva, Minister of State for Petroleum Resources, says a stable oil market will benefit all consumers, producers and investors. Sylva said this in a statement obtained by the Newsmen on Sunday in Lagos. He said Nigeria supports the call by Prince Abdulaziz Bin Salman, Minister of Energy of Saudi Arabia, to address the […]

BUSINESS

Gtbank suspended for illegal collection of port levies

Daily Dispatch August 28, 2022

The Nigeria Customs Service has suspended Guaranty Trust Bank Limited from collection of duties on imported cargoes at Nigerian ports following an order from the National Assembly. The development has led to tons of cargoes being trapped at the port since Monday because freight forwarders could not complete the process of clearing their goods from […]

BUSINESS

Silicon Valley: Ogun to benefit from $34B innovation economy

Daily Dispatch August 28, 2022

Poised to increase the number of Technology startups in the Information and Communication Technology (ICT), in the state and taping into the $34b innovation economy, the Ogun State government, has entered into a strategic partnership with GetFundedAfrica. The Chief Press Secretary to Ogun State Governor, Kunle Somorin stated this in a statement signed yesterday during […]