BUSINESS NEWS

FG sues Access Bank for alleged diversion of N825 Million in state funds

Daily Dispatch May 19, 2025

The Federal Government has filed a lawsuit against Access Bank Plc and one of its employees over the alleged fraudulent diversion of N825.9 million in state funds. The charges, filed at the Federal High Court in Sokoto, follow an investigation by the Independent Corrupt Practices and Other

BUSINESS

‘We will keep crashing rice prices,’ BUA Chairman Rabiu warns hoarders

Daily Dispatch May 16, 2025

The Chairman of BUA Group, Abdul Samad Rabiu, has pledged to further lower the prices of rice and other food items, which he said have already decreased over the past year.He commended President Bola Tinubu for granting waiver on imported food items, saying that his “foresight” helped crash food prices in the country. In July […]

BUSINESS

NNPCL, Sahara Group to collaborate on energy access, sustainability

Daily Dispatch May 15, 2025

The Sahara Group has pledged to work with the Nigerian National Petroleum Corporation Limited to promote access to energy and sustainability. The commitment was made on Thursday when Executive Directors of the Sahara Group, Mrs. Moroti Adedoyin-Adeyinka, Dr. Kola Adesina, Mr. Tope Shonubi and Mr. Wal Ajibade, paid a courtesy visit to The Group CEO […]

BUSINESS

Sahara Group GMD expresses strong confidence in President Tinubu’s energy reforms

Daily Dispatch May 15, 2025

Mr Kola Adesina, the Managing Director of Sahara Group, has expressed strong confidence in President Bola Ahmed Tinubu’s bold energy sector reforms. In an interview for an upcoming State House TV documentary marking the second anniversary of President Tinubu’s administration, Adesina lauded the government’s policies for improving transparency, regulatory

BUSINESS

Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21

Daily Dispatch May 14, 2025

Leading financial institution, Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to ₦21.00 on May 13, 2025, according to data from the Nigerian Exchange Limited (NGX). This latest development also brings the total number of Nigerian companies with a trillion-naira market capitalisation

BUSINESS

We are growing SMEs in Nigeria -Dangote

Daily Dispatch May 13, 2025

Dangote Industries Limited is partnering critical stakeholders in the economy to grow Micro, Small, and Medium Enterprises, MSMEs, across Nigeria, Senior Adviser to the President of Dangote Group, Fatima Wali-Abdurrahman, has said. Speaking at the Dangote Special Day at the ongoing 2025 Nasarawa Trade Fair Exhibition in Lafia, she said the participation of the company […]