BUSINESS

NNPC debunked reports saying the country’s fuel supply will not last

Daily Dispatch February 15, 2025

The Nigerian National Petroleum Company (NNPC) Ltd has refuted the false and misleading allegations made in a viral video circulating online, which claimed that NNPC fuel does not last. A statement by the company’s spokesperson, Olufemi Soneye, on Saturday, said: “This assertion is baseless and

BUSINESS

Cotton, Apparel Industry to Berth in Ogun as Abiodun Hosts Trade and Investment Minister

Daily Dispatch February 14, 2025

…industry to be the biggest in West Africa, to employ 40,000. Ogun State Governor, Prince Dapo Abiodun has disclosed that the biggest cotton and apparel industry in West Africa, with a capacity to employ up to 40,000 people, will soon be established in the state. The governor gave the hint on Thursday when he received […]

BUSINESS

Tony Elumelu Foundation signs a $6m partnership with UAE’s Khalifa Bin Zayed Al Nahyan Foundation to support 1,000 young African entrepreneurs

Daily Dispatch February 13, 2025

The Tony Elumelu Foundation (TEF) has secured a $6 million strategic partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation an affiliate of Erth Zayed, to empower 1,000 young African entrepreneurs. . The agreement, signed at the World Governments Summit by Tony Elumelu, TEF’s founder, and Mohamed Haji […]

BUSINESS

CBN Announces New ATM Transaction Fees

Daily Dispatch February 11, 2025

The Central Bank of Nigeria (CBN) has announced a review of Automated Teller Machine (ATM) transaction fees, with the new charges set to take effect from March 1, 2025. In a circular signed by John Onojah, the acting director of the Financial Policy and Regulation Department, the CBN stated that the ATM transaction fee charges […]

BUSINESS

CBN directors protest as governor bypasses protocols to appoint female consultants with exorbitant salaries

Daily Dispatch February 11, 2025

Tensions are running high at the Central Bank of Nigeria (CBN) as senior staff members express outrage over the influence wielded by two female consultants, Nkiru Balonwu and Daphne Dafinone, who were brought in by Governor Olayemi Cardoso. These consultants have allegedly amassed significant power, allowing them to issue directives to departmental directors across the

BUSINESS

Nigeria, Bahrain Work at Improving Economic Ties

Daily Dispatch February 9, 2025

Nigeria and Bahrain have engaged in bilateral discussions aimed at facilitating foreign direct investment, enhancing trade and investment opportunities, and equally fostering cooperation in the oil and gas sectors. A statement on Sunday by the spokesman of the minister of foreign affairs, Alkasim AbdulKadir said his boss, Ambassador Yusuf Tuggar, has visited Manama, the