BUSINESS

Ogun Attracts $100 Million Initial Oil Palm Investment as Presco Plc Commences Operations

Daily Dispatch July 7, 2026

Ogun State has recorded another significant investment milestone as Presco PLC, one of Nigeria’s foremost integrated oil palm companies, has concluded plans to establish operations in the state with an initial investment of about $100 million, further affirming the confidence of local and

BUSINESS LEAD STORY 1

Breaking: Tony Elumelu Retires as UBA Chairman

Daily Dispatch July 6, 2026

Tony Elumelu will retire as Group Chairman of United Bank for Africa on August 21, 2026, after completing the 12-year maximum tenure for non-executive directors prescribed by the Central Bank of Nigeria. Elumelu, a billionaire investor and philanthropist, is stepping down in compliance with the apex bank’s corporate governance guidelines, bringing to an end a […]

BUSINESS

Nigeria Launches Africa’s Largest Government-Backed Tech Startup Fund

Daily Dispatch July 2, 2026

…Appoints Kuramo Capital to Manage $170m iDICE Investment The Federal Government has unveiled what it described as Africa’s largest government-backed investment in technology and creative startups, appointing Kuramo Capital Management as the fund manager for the $170 million DICE Fund of Funds under the Investment in Digital and Creative Enterprises (iDICE)

BUSINESS TOP STORIES

CBN Shuts Down 46 Microfinance Banks Over Regulatory Breaches

Daily Dispatch July 1, 2026

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide for failing to meet regulatory requirements, in one of its biggest clean-up exercises this year. The apex bank said the revocation took effect from July 1, 2026, in line with Sections 12 and 13 of the Banks and Other […]

BUSINESS

Nigeria Reopening States to Foreign Investors as Regions Regain Economic Powers, Says Ajomale-McWord

Daily Dispatch June 26, 2026

…Customs backs subnational trade diplomacy, says reforms will position country as regional commerce hub Nigeria is gradually returning to an era of stronger regional economies and greater state autonomy, creating unprecedented opportunities for direct foreign investment and economic partnerships with subnational governments, Founder of Global AfriDiplomats, Deji

BUSINESS

Abiodun Defends Record on Dangote Refinery, Reaffirms Commitment to Ogun Deep Sea Port

Daily Dispatch June 19, 2026

Ogun State Governor, Prince Dapo Abiodun, has dismissed allegations linking him to the relocation of the Dangote Refinery from Ogun State to Lagos, insisting that the decision was taken before he assumed office, while reaffirming his administration’s commitment to the proposed Deep Sea Port project in Ogun Waterside Local Government Area. The governor also disclosed […]