BUSINESS

NNPC Ltd identifies thos responsible for Buguma wellhead fire, pledges to combat threat

Daily Dispatch January 21, 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has identified pipeline vandalism as the cause of the recent fire outbreak at Buguma Wellhead 008. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd, said the vandals attempted to compromise the Christmas Tree

BUSINESS

“Dangote Refinery Foregoes Profit to Shield Nigerians from Rising Fuel Costs – Management”

Daily Dispatch January 20, 2025

Dangote Petroleum Refinery has made a significant and commendable decision to absorb a substantial portion of rising global oil prices, ensuring that Nigerians continue to benefit from stable fuel costs despite a surge in international crude prices. The Group Chief Branding and Communications Officer, Anthony Chiejina in a statement said the move underscores its commitment

BUSINESS

Fidelity Bank Strengthens Leadership with New Board Appointments

Daily Dispatch January 17, 2025

17 Jan. 2025, Lagos, Nigeria – In a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank […]

BUSINESS

Dangote Refinery Petrol Production Affecting European Markets – OPEC laments

Daily Dispatch January 16, 2025

The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe. The 650,000-capacity Dangote refinery, which began operations in January last year, started producing PMS in September, years after the country had relied solely on importation

BUSINESS

Legacy Promo: Over 100 UBA customers win N41.8m

Daily Dispatch January 14, 2025

United Bank for Africa (UBA) Plc has distributed over N41.8m in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo which began last year, was specially designed by the bank to celebrate UBA’s rich legacy spanning over 75 years, as well as its long-standing commitment towards rewarding its loyal customers […]

BUSINESS

FG to Blacklist 18 Banks Over N200 Billion USSD Debt

Daily Dispatch January 13, 2025

The Federal Government is poised to blacklist 18 banks for failing to settle nearly N200 billion owed to Nigerian telecom operators for Unstructured Supplementary Service Data (USSD) services. The move, expected to be announced tomorrow, follows years of unresolved debt that has strained relations between the banking and telecommunications sectors. In December 2024, the