BUSINESS

NNPC Limited powers ahead with strong April performance, fuels national growth

Daily Dispatch June 13, 2025

In a robust show of fiscal performance and strategic development, the Nigerian National Petroleum Company Limited (NNPCL) announced a revenue inflow of N5.89 trillion for April 2025, with a post-tax profit of N748 billion, reflecting growing momentum in Nigeria’s oil and gas sector. According

BUSINESS

Dangote steps down as Chairman, Dangote Sugar Refinery

Daily Dispatch June 12, 2025

After nearly 20 years at the helm, Aliko Dangote is stepping down as Chairman of Dangote Sugar Refinery Plc, officially concluding a transformative chapter in the company’s history. The announcement, made in a statement on Wednesday by Company Secretary Temitope Hassan, confirms that Dangote’s retirement will take effect on June 16, 2025. Dangote, who took […]

BUSINESS

CBN reaffirms June 2025 deadline for BDC recapitalisation, dismisses rumoured extension

Daily Dispatch June 12, 2025

The Central Bank of Nigeria (CBN) has reiterated that the deadline for the recapitalisation of Bureau De Change (BDC) operators remains June 3, 2025, countering widespread speculation of a deadline extension. In a statement issued by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the apex bank firmly denied reports claiming the deadline […]

BUSINESS

Nigeria takes steel development drive to China

Daily Dispatch June 11, 2025

Nigeria has taken the drive to develop its steel industry to China as the Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, and the Minister for Steel Development, Prince Shuaibu Audu are currently on a high-level working visit to the Asian country to attract strategic development projects and deepening industrial cooperation with key

BUSINESS

Union Bank’s alpher Initiative Enabled Business Success at the NBCC’s Entrepreneurship Programme

Daily Dispatch June 9, 2025

Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and Youth Entrepreneurship Development Centre (WYEDC) Cohort 2 Programme, which has graduated 125 entrepreneurs who have benefited from firsthand entrepreneurship training and

BUSINESS

Elumelu boosts UBA stake with N43.91bn share purchase

Daily Dispatch June 4, 2025

Chairman of United Bank for Africa (UBA), Tony Elumelu, has significantly increased his ownership in the bank by acquiring additional shares worth ₦43.91 billion over a two-day period. According to a regulatory disclosure filed with the Nigerian Exchange Group by UBA’s Group Company Secretary, Bili Odum, the transactions took place between May 29 and May […]