BUSINESS

President Tinubu approves debt write-off for NNPC – $1.42bn & N5.57tn cancelled

Daily Dispatch December 29, 2025

President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account, effectively wiping out approximately $1.42 billion in legacy obligations. The decision, detailed

BUSINESS

New tax regime reintroduces levies scrapped in 2020, says Air Peace CEO Onyema

Daily Dispatch December 28, 2025

Allen Onyema, Chief Executive Officer of Air Peace, has raised concerns that Nigeria’s newly introduced tax laws have reinstated charges abolished under the 2020 tax reforms. Speaking during an interview on Arise News on Sunday, Onyema disclosed that the taxes include customs duties on imported aircraft, spare parts and engines, as well as the imposition […]

BUSINESS

FG, World Bank Launch $500m HOPE-GOV Programme

Daily Dispatch December 23, 2025

The Federal Government, in collaboration with the World Bank, has commenced the implementation of a $500 million Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) Programme to strengthen governance systems in the education and health sectors. The programme is designed to improve financial management and human resource administration in basic

BUSINESS

NCAA confirms Aerodrome Certification for Kano, Port Harcourt Airports

Daily Dispatch December 21, 2025

The Nigerian Civil Aviation Authority (NCAA) has confirmed that Mallam Aminu Kano International Airport, Kano, and Port Harcourt International Airport have received full aerodrome certification. With the latest approvals, the number of certified international airports in Nigeria has increased to four, as the two airports join the already certified Murtala Muhammed

BUSINESS

UBA, Lagos State seal $100m deal to finance vehicles for LagRide drivers

Daily Dispatch December 17, 2025

United Bank for Africa (UBA) has entered into a $100 million partnership with the Lagos State Government and LagRide to finance vehicles for about 3,500 ride-hailing drivers operating on the LagRide platformt The partnership, formalised through a memorandum of understanding (MoU) signed on Tuesday, is designed to support drivers in transitioning from vehicle rental

BUSINESS NEWS

MRS filling stations begin selling petrol at ₦739 per litre amid surge in Dangote refinery sales

Daily Dispatch December 17, 2025

Motorists in Lagos have begun flocking to MRS Oil filling stations as the company started dispensing Premium Motor Spirit (petrol) at ₦739 per litre, following a sharp reduction in the ex-depot (gantry) price by the Dangote Petroleum Refinery. The price cut, which took effect in parts of Lagos including Alapere, marks a significant drop from […]