BUSINESS

Dangote Industries completes issuance of ₦187.6bn series 1 bond

Daily Dispatch July 19, 2022

Dangote Industries Limited, DIL, one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, has announced 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

BUSINESS

Breaking: Oil marketers comply with NNPC directive, raise petrol pump price to N179/litre

Daily Dispatch July 19, 2022

In compliance with the Nigerian National Petroleum (NNPC) Limited directive, the oil marketers have increased the pump price of petrol to N179 per litre, from N165 per litre. In its directive to oil marketers, yesterday, the company had put the new pump price and ex-depot price at N179 per litre and N167 per litre respectively, […]

BUSINESS

Breaking: CBN raises interest rates to 14%

Daily Dispatch July 19, 2022

The Central Bank of Nigeria, CBN raised the interest rate to 14 per cent from  13.5 per cent. This is the second raise in interest this year. The CBN Governor, Godwin Emefiele, announced this today while addressing the reporters after the Monetary Policy Committee (MPC) meeting in Lagos. Details later…

BUSINESS

New NNPC will guarantee National Energy Security, Buhari declares as he unveils Africa’s Largest National Oil Company

Daily Dispatch July 19, 2022

President Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also

BUSINESS

Maintenance : Aero temporarily Suspends operations

Daily Dispatch July 18, 2022

Aero Contractors, says it will suspend passenger flights from Wednesday, July 20. The airline, in a statement on Monday, said the suspension is temporary but did not indicate when it will resume operations. In May, Aero had denied plans to shut down operations after reports alleged that the airline was cash-strapped and might soon go […]

BUSINESS

UBA Group Expands To EMEA, Launches Banking Operations In DIFC, Dubai

Daily Dispatch July 17, 2022

The United Bank for Africa (UBA), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20 African countries, the United Kingdom, the United States of America and France. The bank has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai […]