BUSINESS

Elumelu says UBA will invest more in Global Financial Hubs

Daily Dispatch December 18, 2024

The Group Chairman of United Bank for Africa (UBA) Plc, Tony Elumelu said the bank will invest more in global financial hubs including the United Kingdom (UK), the United States of America (USA), France and the United Arab Emirates (UAE) to deepen its global operations and extend its reach

BUSINESS

FG aims to stabilises exchange rate at N1,500/dollar in 2025

Daily Dispatch December 18, 2024

President Bola Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget. This marks a reduction of about N200 from the current rate of N1,700 to a dollar. Tinubu made this known while presenting the 2025 Appropriation […]

BUSINESS

Why we established Kajola dry port – Abiodun

Daily Dispatch December 17, 2024

.. as Shippers’ Council presents letter of Outlined Business Case, Compliance Certificate The Ogun State Governor, Prince Dapo Abiodun has said that his administration conceived the Kajola Inland Dry Port project in alignment with the Federal Government’s initiative to strengthen rail lines across the country, and to take pressure off the Apapa and Tin Can […]

BUSINESS

Shell invests in Bonga North deep-water project, Nigeria

Daily Dispatch December 16, 2024

Shell Nigeria Exploration and Production Company Limited, SNEPCo, a subsidiary of Shell Plc, has announced a Final Investment Decision, FID, on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading, FPSO, facility which Shell operates with a 55% […]

BUSINESS

Tinubu asked to stop Shell from selling remaining shares

Daily Dispatch December 16, 2024

A conglomerate of Civil Society Organisations, community leaders, and concerned citizens have called on President Bola Tinubu to sustain the Nigeria Upstream Petroleum Regulatory Commission’s (NUPRC) rejection of Shell’s request to sell its remaining shares in the Shell Petroleum Development Company (SPDC) to the Renaissance consortium. The group while alleging that other

BUSINESS

Inflation rate jumps to 34.6 per cent in November- NBS

Daily Dispatch December 16, 2024

The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate increased to 34.6 per cent in November 2024. The NBS disclosed that Nigeria’s inflation rate rose from 33.8 per cent recorded in October. The bureau announced this in its Consumer Price Index (CPI) report for November published on Monday, December 16, 2024. The […]