BUSINESS

Trump slams 14 percent tariff on Nigeria oil

Daily Dispatch April 3, 2025

The United States President Donald Trump announced sweeping global tariffs on all imports into the country, slamming 14 percent on Nigeria. According to 2023 data published by Observatory of Economic Complexity (OEC), Nigeria exported $6.29 billion to US. The main exports were crude

BUSINESS

Air Algerie Commences Inaugural Flight to Abuja on Sunday

Daily Dispatch April 2, 2025

Air Algerie is to commence direct flight from Algiers, the capital of Algeria to Abuja, to fly inaugural flight into Nigeria’s capital on Sunday 6th April. A statement by the acting spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa on Wednesday read: “The Ministry of Foreign Affairs is pleased to announce the commencement of […]

BUSINESS

Sterling Bank leads protest for removal of Bank transfer charges

Daily Dispatch April 2, 2025

In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement, made on April 1st, initially sparked widespread arguments, […]

BUSINESS

Tinubu reconstitute NNPCL Board, appoints new GCEO

Daily Dispatch April 2, 2025

President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari. President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023. The new 11-man board has

BUSINESS

Fuel to sell for ‘as low as ₦750’ per litre before year end — NIPSS

Daily Dispatch April 1, 2025

The National Institute for Policy and Strategic Studies (NIPSS) predicts that with the arrival of Dangote Refinery and other new facilities, Nigerians can anticipate a significant drop in premium motor spirit prices, commonly known as petrol.  Previously, the price was below ₦200 per litre prior to the subsidy removal; it now fluctuates around ₦930 per […]

BUSINESS

FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn

Daily Dispatch March 31, 2025

…Declares a total dividend of N2.10 per share Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, […]