July 9, 2026
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BUSINESS

BUSINESS

Buhari orders DPR to revoke six oil licences

Daily Dispatch
The Department of Petroleum Resources, DPR, has revoked the oil mining licences, OML, granted 5 firms. DPR additionally revoked one oil prospecting licences, OPL. The revocation of oil licences was contained in a public discover issued on Thursday. DPR defined that the revocation was primarily based on a presidential directive to “recover legacy debts” owed […]
BUSINESS

GenCos release 4,122MW of electricity on June 4 – Report

Daily Dispatch
Electricity Generating Companies (GenCos) comprising gas-fired and hydro stations released  4,122 MegaWatts (MW) of electricity into the national grid on Tuesday, News Agency of Nigeria (NAN) reports. A daily energy report, which was compiled by the Advisory Power Team, Office of the Vice President, made this disclosure on Wednesday in Abuja. It said that the energy […]
BUSINESS

Emefiele begins second tenure as CBN Governor

Daily Dispatch
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Monday began his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs […]
BUSINESS

‘Prepaid Metres now officially for sale’

Daily Dispatch
Prepaid metres are now officially for sale by the Enugu Electricity Distribution Company (EEDC). This was disclosed in a statement by the company’s head of communication, Emeka Ezeh who described it as Meter Asset Provider (MAP) programme and urged its customers to take advantage of the initiative and get pre-paid meters within 10 days. The […]