BUSINESS

Sterling Bank obtains CBN’s approval in principle to restructure

Daily Dispatch September 29, 2020

Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange website. Suleiman said the bank’s desire to operate

BUSINESS

PIB: Timipre Sylva clears air on alleged scrapping of NNPC

Daily Dispatch September 29, 2020

Minister of State for Petroleum, Timipre Sylva, has dismissed media reports that the new draft Petroleum Industry Bill (PIB) sent to the National Assembly recommended scrapping of the NNPC. Sylva allayed the fears while fielding questions from journalists at the National Assembly on Monday after an interactive session with the leadership of the Assembly. The […]

BUSINESS

Anchor borrowers programme: .Oil palm growers commend Buhari, CBN

Daily Dispatch September 27, 2020

The Oil Palm Growers Association of Nigeria (OPGAN) has commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for empowering smallholder farmers under the Anchor Borrower Programme (ABP). The newly-elected President of the association, Mr Joe Onyiuke made the commendation during a stakeholders’ forum on investment and funding opportunities in the oil

BUSINESS

Nigeria @60: FG urged to pass PIB to strengthen deregulation of oil downstream – Expert

Daily Dispatch September 27, 2020

Mr Bank-Anthony Okoroafor, former Chairman  of Petroleum  Technology  Association of Nigeria (PETAN), has urged the Federal Government to sign the Petroleum  Industry Bill (PIB) into law for the desired development  in the oil and gas sector. Okoroafor told the News Agency of Nigeria (NAN) in Abuja that the Bill was all that was required to […]

BUSINESS

FG committed to elimination of gas flaring by 2021, says Sylva

Daily Dispatch September 24, 2020

By NAN Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is committed to ensuring the elimination of gas flaring from Nigeria’s oil and gas fields by 2021. Sylva said that the move had the potential for enormous multiplier and development outcomes for Nigeria, saying it would create jobs and help […]

BUSINESS

Free trade zone scheme remains presidential initiative – NEPZA

Daily Dispatch September 24, 2020

The Nigeria Export Processing Zones Authority (NEPZA), says the Free Trade Zone (FTZ) scheme in the country is a presidential initiative aimed at propelling economic growth through local production. Prof. Adesoji Adesugba, NEPZA Managing Director said this while speaking with some operators of enterprises in the Calabar free trade zone in Cross Rivers State capital […]