BUSINESS

Sale of crude oil in naira to Dangote Refinery expires March ending – NNPCL

Daily Dispatch March 10, 2025

The Nigerian National Petroleum Company (NNPC) Limited has refuted claims circulating on social media regarding the alleged unilateral termination of its crude oil sales agreement with Dangote Refinery. The clarification comes amid concerns about crude oil supply and pricing in Nigeria’s

BUSINESS

NNPC LTD Signs 20-Year Deal To Supply 80MMSCF/d Gas To Ssonic Petroleum’s LNG Plant

Daily Dispatch March 7, 2025

The Nigerian National Petroleum Company (NNPC) Ltd has taken a significant step to boost domestic gas utilization, signing a 20-year Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. The agreement, executed on March 6, 2025, will see NNPC Ltd’s subsidiary, NNPC Gas Marketing Ltd (NGML), and its partner, NIPCO Gas Ltd, supply 80 […]

BUSINESS

More Nigerian Women to Benefit from China-Nigeria Relationship, Says Envoy

Daily Dispatch March 7, 2025

More Nigerian women are expected to benefit from China-Nigeria high quality cooperation under the “Belt and Road” initiative, Chinese Ambassador to Nigeria, Yu Dunhai said on Friday. The envoy made the disclosure of Friday at the 2025 International Women’s Day in Abuja, with the theme: “Her Story and Future,” aligning with this year’s United Nations […]

BUSINESS

Nigerians Pay Highest Airfares In Africa, Says NCAA

Daily Dispatch March 7, 2025

The Nigeria Civil Aviation Authority has complained about the treatment meted out to Nigerian passengers by some international airlines, insisting that Nigerians can not be paying the highest fee across Africa and still get maltreated. The aviation regulator said Nigerians pay a humongous amount to fly more than any other country in Africa. The Director […]

BUSINESS

NNPC/FIRST E&P JV Makes Oil Discovery In OML 85 Songhai Field

Daily Dispatch March 7, 2025

The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85. The well, according to the JV, encountered hydrocarbons across eight reservoirs, logging over 1,000 feet of

BUSINESS

Union Bank Rewards 452 Customers in UnionKorrect Draws

Daily Dispatch March 7, 2025

Lagos, Nigeria—Union Bank, Nigeria’s leading financial institution, recently rewarded 452 UnionKorrect account holders with over N21 million during draws held at its Douglas Road Branch in Owerri, Imo State. During the recent draw monitored and supervised by relevant regulatory bodies, 100 customers were awarded N25,000 each, 40 customers N50,000 each, and one customer won