BUSINESS

Buhari okays Seplat’s acquisition of Exxon Mobil shares

Daily Dispatch August 8, 2022

President Muhammadu Buhari has okayed Seplat Energy Offshore Limited’s acquisition of Exxon Mobil shares.  Buhari’s approval was contained in a statement by presidential aide Femi Adesina on Monday. “In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive

BUSINESS

“I spent the whole of 2015, 2016 warning FG on its policies, how it would destroy the economy” – Sanusi

Daily Dispatch August 8, 2022

The 14th Emir of Kano, Sanusi Lamido Sanusi, has lamented the current state of the nation, saying Nigeria will not be where it is if public office holders take their job seriously. Sanusi, who spoke in Lagos on Sunday at a stage play titled “Emir Sanusi: Truth in Time”, charged politicians to be accountable to […]

BUSINESS

Purported sale of Bank for N40bn speculative, intended to create panic, says Polaris Bank

Daily Dispatch August 5, 2022

The management of Polaris Bank has opened up on the purported sale of the bank to a businessman for N40 billion. The bank in a statement on Friday described the report as “speculative, deliberately intended to create panic and should be disregarded by the banking public.” There was a report by an onlinne newspaper stating […]

BUSINESS NEWS

Court seals off First Bank headquarters in Abuja, removes valuable items

Daily Dispatch August 5, 2022

The Federal Capital Territory (FCT) High Court has sealed off headquarters of First Bank, located at the Central Business District in Abuja. The action, according to sources, was taken as a result of the failure of the bank to comply with a “garnishee order”. Garnishee order is one of the options open to a judgment […]

BUSINESS

Dangote bags Nigerien national Honour over his Foundation’s Health Intervention

Daily Dispatch August 3, 2022

…. As Dangote, Bill Gates Foundations sign MOU on immunization of Nigeriens President/Chief Executive of Dangote Industries Limited, Aliko Dangote has been conferred with the Commander of the Order of Merit of Niger award by the President of the Republic of Niger, His Excellency Mohamed Bazoum in Niamey. According to the certificate of conferment presented to […]

BUSINESS

Kerosene price rises as litre costs N800

Daily Dispatch August 3, 2022

The price of kerosene that many Nigerians rely on for cooking has soared to N800 per litre in some cities as new petroleum prices affect the market. A survey of the market showed that a litre that recently used to cost N700 now sells for between N800 and N850 in some parts of Lagos State, […]