BUSINESS

Banks, OPS synergy key to sustainable growth, says ACAMB President

Daily Dispatch July 25, 2022

The Association of Corporate Affairs Managers of Banks (ACAMB) says that constant engagement and communication between the Organised Private Sector (OPS) and the banking sector will promote the desired sustainable growth and development of the economy. Mr Rasheed Bolarinwa, President of ACAMB,

BUSINESS

Reps summon Ministers of Finance, Power, BPE, NDPH to appear before it over planned sale of power plants

Daily Dispatch July 24, 2022

The House of Representatives has summoned the Ministers of Finance, Budget and National Planning, Power, Director General for the Bureau for Public Enterprise (BPE), and Managing Directors of Niger Delta Power Holding Company and Nigeria Bulk Electricity Trading Company over the planned sale of five power plants which belong to the three tiers of government. […]

BUSINESS

Dangote petrochemical plant to make Nigeria polypropylene hub

Daily Dispatch July 24, 2022

Dangote’s $2 billion petrochemical plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country. This is according to Dangote Group President, Aliko Dangote. The 900,000 metric tons per annum capacity plant, which is being built alongside the 650,000 barrels per […]

BUSINESS

FG inaugurates committee to raise $100bn for MSMEs financing

Daily Dispatch July 21, 2022

The Federal Government on Thursday inaugurated the Finance Committee for the Wholesaler Impact Investment Fund charged with the responsibility of raising $100billion to sustainably close the gaps in financing the Micro Small and Medium Enterprises in Nigeria through impact investing. Prince Clem Agba, Minister of State for Budget and National Planning, who inaugurated the

BUSINESS

FG charges NOC CEOs to rescue 600m Africans from energy poverty

Daily Dispatch July 20, 2022

Nigeria yesterday charged Africa’s National Oil Companies’ Chief Executive Officers to rescue 600 million Africans facing energy poverty and another 900 million people on the continent with access to clean cooking fuel. The Minister of State Petroleum Resources, Chief Timipre Sylva who gave the charge at a meeting of CEOs of Africa Petroleum Producers Organisation, APPO,

BUSINESS

Dangote industries completes issuance of N187.6bn series 1

Daily Dispatch July 20, 2022

Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest corporate bond ever issued in the history of the Nigerian capital market This landmark transaction […]