July 4, 2026
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BUSINESS

Crypto transactions: CBN fines three banks N800m

Daily Dispatch
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted that […]
BUSINESS

Senate extends implementation of 2021 budget

Daily Dispatch
The Senate has extended the implementation of the 2021 Appropriation Act from March 31 to May 31, 2022. The Upper Chamber gave approval for the budget extension after examining a bill to Amend the 2021 Appropriation Act. Presenting the bill during Tuesday’s plenary session, Senate Leader Yahaya Abdullahi, said the extension of the budget period is necessary to ensure […]
BUSINESS

Lai Mohammed visits Dangote Refinery, says ‘it is a Game Changer that’ll drive Africa’s Refining Revolution’

Daily Dispatch
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa. Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant at Ibeju-Lekki, Lagos, said the
BUSINESS

Nigeria begins fertiliser export to US, Brazil, others

Daily Dispatch
With the inauguration of the Dangote Fertiliser Plant, in Lagos, Nigeria has commenced the exportation of Urea-based fertiliser to the U.S, India, Brazil, Mexico and Argentina. The Executive Director, Strategy Capital Projects and Portfolio Development, Dangote Group, Devakumar Edwin, disclosed this on Sunday when the Minister of Information and Culture, Alhaji Lai