BUSINESS

Dangote’s 650,000bpd, Modular Refineries to drive Nigeria’s huge demand for Petroleum Products-Kyari

Daily Dispatch October 31, 2021

The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) as well as other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future.Speaking at the 15th Oil

BUSINESS

FIRS to institute tax compliance measures on operators in Maritime, Aviation Industry

Daily Dispatch October 29, 2021

The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audit on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday (October, 28, 2021) while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on development in the […]

BUSINESS

CBN explains the disappearance of e-Naira from google

Daily Dispatch October 28, 2021

The Central Bank of Nigeria (CBN) has explained the reason for the sudden disappearance of the newly launched e-naira speed wallet from Google’s play store. The bank explained that the app’s disappearance was only temporary as it was undergoing an important upgrade aimed at tackling glitches noticed since its launch. Director of Corporate Communications of […]

BUSINESS

OPEC, GECF express commitment to ensure stability of global energy market

Daily Dispatch October 28, 2021

The Gas Exporting Countries Forum (GECF) and Organisation of Petroleum Exporting Countries (OPEC) have expressed commitment to collaborate with member countries to ensure stability to global energy, oil and natural gas markets. Dr Yuri Sentyurin, Secretary-General, GECF, who made the commitment known on Wednesday while opening the second High-level Virtual Meeting of GECF-

BUSINESS

eNaira is digital equivalent of physical currency’

Daily Dispatch October 28, 2021

Members of the public have been advised to embrace the newly introduced eNaira which is said to be the digital equivalent of Nigeria’s physical currency. The e-Naira was said to be introduced not only to preserve the nation’s currency, but also to make business transaction less cumbersome. The Director of Corporate Communications of the Central […]

BUSINESS

Odukale is single largest shareholder not Otedola – FBN

Daily Dispatch October 27, 2021

First Bank Nigeria Holdings has weighed into the leadership tussle between Tunde Hassan-Odukale and Femi Otedola, following a take over attempt witnessed in H2 this year. There had been confusion about the highest majority shareholder of FBN Holdings after Otedola acquired 1,818,551,625 ordinary shares through his investment vehicle, Calvados Global Services Limited.