BUSINESS

Of PoS operators, CBN and Nigeria’s cashless policy

Daily Dispatch December 22, 2024

By Lawal NasirThe Central Bank of Nigeria (CBN) has just introduced a daily cash transaction limit of N100,000 per individual customer for Point-of-Sale (PoS) agents as part of its latest move to promote its cashless policy and tackle the current cash scarcity in the country.According to a

BUSINESS

Ogun Airport leading other airports in W/Africa sub-region with longest runway—Govt

Daily Dispatch December 21, 2024

..says airport will be the first to have an operating permit in Nigeria The Ogun State government has declared that currently, the Gateway International Agro-cargo Airport is the best in Nigeria and the West African corridor, boasting the longest runway. The state government shared the details and the unique selling point during a meeting with […]

BUSINESS

Polaris Bank Wins SERAS Award, Africa’s prestigious Sustainability/CSR recognition

Daily Dispatch December 20, 2024

Polaris Bank over the weekend, added yet another feather to its cap by winning Sustainability, Enterprise, and Responsibility Awards (SERAS), Africa’s most renowned and prestigious Sustainability/Corporate Social Responsibility (CSR) recognition, for its consistent and impactful critical community interventions across Nigeria over the years.At the 18th edition of the SERAS

BUSINESS

Yuletide: Dangote sells petrol for N899 per litre

Daily Dispatch December 19, 2024

Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to N899.50k per litre. This was announced in a statement, on Thursday morning. The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season”. “Africa’s first privately-owned oil refinery, which previously lowered the price […]

BUSINESS

Dangote clarifies level of investment by NNPC in its refinery

Daily Dispatch December 18, 2024

Dangote Refinery has clarified the level of investments by the Nigerian National Petroleum Company Limited, NNPC Ltd, in its facility at Ibeju in Lagos. The clarifications were made by the refinery in a statement by Anthony ChiejinaGroup Chief Branding and Communications Officer for the Dangote Group. The statement reads in extenso: “We have received numerous […]

BUSINESS

NUPRC announces 2025 oil licensing bid round

Daily Dispatch December 18, 2024

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has announced that there will be another oil licensing bid round in 2025. Komolafe made this statement on Wednesday at the 2024 Licensing Round Commercial Bid Conference in Lagos.This comes as the commission nears the end of the 2024 licensing round. According to […]