BUSINESS

UBA Inducts Over 3200 Young Professionals Under GMAP Initiative

Daily Dispatch March 6, 2025

Africa’s Global Bank, United Bank for Africa (UBA) Plc, continues to make significant impact in birthing the next generation of banking and finance professionals on the continent through its Graduate Management Acceleration Programme (GMAP) which to date has produced over 3,222 young

BUSINESS

Tax Reform Bills: The Verdict of Nigerians

Daily Dispatch March 5, 2025

By Abdullahi Ismaila Ahmad The public hearings conducted recently by the two Chambers of the National Assembly have elicited positive responses from a broad spectrum of Nigerians, cutting across regional interest groups, government agencies, civil society groups, concerned individuals, the academia, and Labour Unions, among diverse others. Contrary to a few dissensions

BUSINESS

Price of petrol will keep going down- Bismarck Rewane

Daily Dispatch March 4, 2025

Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, has forecasted that the price of premium motor spirit, commonly known as petrol, will keep decreasing until June 2025.Both Dangote Refinery and the Nigeria National Petroluem Company Limited (NNPCL) have crashed the cost of the essential commodity in recent weeks, easing the pressure on millions

BUSINESS

Banks borrowing from CBN surge to N24.81trn

Daily Dispatch March 4, 2025

Banks’ borrowing from the Central Bank of Nigeria (CBN) surged by 171% to ₦24.81 trillion in February 2025, up from ₦9.15 trillion in January 2025. This increase reflects liquidity constraints in the interbank money market. The CBN offers two short-term lending windows: the Standing Lending Facility (SLF) and Repurchase (Repo) lending. Meanwhile, banks’

BUSINESS

NNPC announced reduction in the pump price of petrol

Daily Dispatch March 3, 2025

The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the pump price of petrol. The Corporation now sells fuel at N860 per litre. This move followed a recent reduction in pump price of the product by Dangote Refinery, which also lowered their fuel price from N890 to N825 per litre. Hammed Fashola, National […]

BUSINESS

Shell Commits to Supporting Reforms in Nigeria’s Oil and Gas Sector

Daily Dispatch February 28, 2025

Shell has expressed its commitment to supporting the recent reforms in Nigeria’s oil and gas industry, viewing them as a vital step toward enhancing growth and profitability in the sector. “We welcome the reforms introduced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which have already increased crude oil production to approximately 1.75 million