BUSINESS

WES 2022: FG commits to infrastructure development through PPP – ICRC boss

Daily Dispatch June 23, 2022

* As FG approves over 50 projects worth N3tri in private sector funds in 14 years *True patriotic leadership most needed for sustainable infrastructure development – Dr Ajuwon The Federal Government of Nigeria has acknowledged that the major problem facing the nation’s economy as the lack

BUSINESS

PENGASSAN gives reason for fuel scarcity in Nigeria

Daily Dispatch June 22, 2022

Mr Festus Osifo, President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has given a reason for the ongoing fuel scarcity across the country, particularly in Lagos and Abuja. Speaking during an interview on Channels Television’s Sunrise Daily, Osifo highlighted the issue of ‘bridging funds’ between the Nigerian Midstream and Downstream

BUSINESS

RT $200bn: Polaris Bank sensitises non-oil exporters, urge them to key into programme

Daily Dispatch June 22, 2022

One of the leading Commercial Bank in Nigeria, Polaris Bank in partnership with the Central Bank of Nigeria (CBN) has urged exporters in the non-oil sector to embrace RT USD 200billion programme in a bid to boost the nation’s economy. The financial institution made the appeal recently in Calabar during a one day Sensitisation programme […]

BUSINESS

Removal of fuel subsidy will free country’s economy from bondage – NEITI

Daily Dispatch June 22, 2022

The Nigeria Extractive Industries and Transparency Initiative (NEITI) has reiterated its position on the removal of fuel subsidy, saying such move will free the country’s economy from bondage. Dr Orji-Ogbonnaya Orji, the Executive Secretary, NEITI made this assertion on Tuesday in Abuja at the stakeholders National Extractive Dialogue (NED) 2022 on how to make natural […]

BUSINESS

Petrol: FG insists on N165 pump price, advises against panic buying

Daily Dispatch June 21, 2022

The federal government says the fixed pump price of Premium Motor Spirit, PMS, remains N165 per litre as stipulated in the petroleum product pricing template. The government also advised Nigerians against panic buying of PMS, also known as petrol, saying that the country currently had over two billion litres of PMS in various depots. This […]

BUSINESS

Nigeria’s debt servicing doubles, hits N896bn in three months – DMO report

Daily Dispatch June 20, 2022

Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn, according to findings by The PUNCH newspapers. As a result, the country has also spent N3.83tn on debt servicing payments in 15 months, according to data obtained from the Debt Management Office. While a total of N2.93tn was spent on debt servicing payments […]