BUSINESS

BASA Agreement: Air Peace CEO, Allen Onyema Commends Tinubu

Daily Dispatch August 27, 2025

Allen Onyema, Chairman and CEO of Air Peace, shared his thoughts during the signing of the BASA (Bilateral Air Services Agreement) between Nigeria and Brazil. He praised President Bola Ahmed Tinubu for taking bold and strategic actions that benefit both the aviation sector and the country as a

BUSINESS

Sterling Bank Faces $200m Fraud, Forgery, Identity Theft Suit from Miden

Daily Dispatch August 26, 2025

Miden Systems Limited has instituted legal action against Sterling Bank Limited, its Chief Executive Officer, Sterling Financial Holdings Company PLC, and four management staff members for alleged conspiracy, fraud, forgery, criminal breach of trust, and misappropriation of funds. The engineering, maritime, and consultancy firm, which operates a corporate account with the

BUSINESS

Fidelity Bank to Convene Strategic Panel on Export Financing at FNITCC Atlanta 2025

Daily Dispatch August 23, 2025

As part of its ongoing commitment to expanding Nigeria’s footprint in global trade, leading financial institution Fidelity Bank Plc has announced it will host a high-level panel session at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, Georgia, USA. Themed “Financing For Scale – Unlocking Capital For Global Export

BUSINESS

Renaissance Targets 300,000bpd Output by 2026

Daily Dispatch August 23, 2025

Renaissance Africa Energy Company Limited says it is on course to achieve a production milestone of 300,000 barrels per day (bpd) by January 2026, following steady operational gains and facility upgrades. Chief Production Officer, Dr. Mesh Maichibi, disclosed this on Friday while delivering a lecture at the 20th Annual Lecture and Award Ceremony of the […]

BUSINESS

NNPC Ltd, Gas Suppliers Sign 1.29bscf/d Feedgas GSAs with NLNG

Daily Dispatch August 22, 2025

…As Ojulari Lauds Tinubu’s Unprecedented Support for Oil & Gas IndustryThe Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of Feedgas.The 20-year

BUSINESS

NNPC Profit Slumps 80% to N185bn in July

Daily Dispatch August 22, 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a sharp fall in profit after tax, plunging from N905 billion in June to N185 billion in July—a 79.6 percent decline. According to its monthly financial report released Thursday night, the company generated N4.41 trillion in July, down from N4.57 trillion in the previous month. […]