BUSINESS

Nigeria To Reclaim Hub Status As Lekki Port Reaches 80% Completion

Daily Dispatch January 7, 2022

Nigeria’s quest to reclaim its spot as maritime hub in West and Central Africa is gathering momentum as the nation’s first deep seaport, Lekki Port has reached 80 percent completion, the Lekki Port LFTZ Enterprise Limited has said. Nigeria has lost its hub status to Lome Port due to the

BUSINESS

Polaris Bank excites Money Transfer beneficiaries with cash rewards

Daily Dispatch January 1, 2022

Polaris Bank says money transfer customers across the country stand to earn extra cash rewards in Naira whenever they receive their International Money Transfers either as cash at any of its branches or directly into their USD accounts. The bank announced the good news to its International Money Transfer customers in a statement it issued […]

BUSINESS

NNPC ends 2021 with global award for oil, gas reforms

Daily Dispatch December 27, 2021

The Nigerian National Petroleum Company Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership global awards, which was held in Seoul, South Korea. Nigeria picked the award at the expense of other countries in Africa […]

BUSINESS

N250bn Sovereign Sukuk offer attracts N865bn subscription – DMO

Daily Dispatch December 25, 2021

The Debt Management Office, DMO, has said that the N250 billion Sovereign Sukuk offer attracted unprecedented subscription of over N865 billion. Director-General of the DMO Patience Oniha made this known in a statement on Saturday. Ms Oniha said that the massive response was an indication that the idea of growing the domestic investors’ base and […]

BUSINESS

OGIRS boss harps on digitizing tax processes

Daily Dispatch December 25, 2021

The Executive Chairman, Ogun State Internal Revenue Services (OGIRS), Mr. Olugbenga Olaleye says digitisation of processes involved in payment of taxes in Ogun State will reduce revenue leakages to the barest minimum and increase revenue generation in 2022. Olaleye made this known in Abeokuta, while defending his agency’s budget proposal of over N56B for the next […]

BUSINESS

Titan Trust Bank takes over Union Bank Plc

Daily Dispatch December 23, 2021

Titan Trust Bank has acquired the majority shareholdings of Union Bank, thereby taking over ownership of the first generation bank. The Bank is buying 89.39 per cent of the issued capital of Union Bank, the two companies announced on Thursday. Union Bank of Nigeria was established in 1917 and listed on the Nigerian Stock Exchange […]