BUSINESS

CBN To Retire 1,000, Offers N50bn Payoff

Daily Dispatch December 2, 2024

Barring any last-minute changes, the Central Bank of Nigeria (CBN) will soon retire about 1,000 of its employees before the end of the year, investigations by Daily Trust have shown. Reliable sources at the apex bank’s headquarters revealed that the retirement would gulp over N50 billion in

BUSINESS

UBA, NIBSS, others host NQR Industry Committee AGM to drive financial inclusion

Daily Dispatch December 2, 2024

In a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of the NQR Industry Committee reinforcing the importance of

BUSINESS

NNPC reduces pump price of PMS by N15.

Daily Dispatch November 29, 2024

The Petroleum Products Retail Outlet Owners Association (PETROAN) has announced that the Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of Premium Motor Spirit (PMS) for marketers, reducing it from ₦1,045 to ₦1,030 per litre. This update was shared by PETROAN’s National President, Dr. Billy Harry, during a strategic meeting and award event […]

BUSINESS

Nigeria target becoming No.1 net exporter to China in the next five years

Daily Dispatch November 28, 2024

Nigeria has said its target is to become net exporter to China in the next five years, overtaking Brazil which currently stands atop the list with the net export of $104.32 billion. The country’s ambition was revealed by the Director General, China-Nigeria Partnership, Joseph Tegbe on Thursday at the China-Africa Economic and Trade Expo in […]

BUSINESS

Ntia, NNPC Ltd’s New EVP Upstream, Charges Stakeholders on Corporate Governance, Transparency

Daily Dispatch November 28, 2024

The NNPC Ltd’s new Executive Vice President, Upstream, Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency and efficiency in their operations. Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream

BUSINESS

AfDB Seeks $42 billion to Bridge Financing Gap Hindering African Women Enterprises

Daily Dispatch November 27, 2024

The African Development Bank (ADB) has said it is presently seeking $42 billion to bridge the current financing gap hindering women-owned and women-led enterprises across the Africa continent. The Director General, Nigerian Country Department of the bank, Dr Abdul Kamara made the disclosure on Tuesday in Abujaat the High-Level Dialogue on Investment in Gender Equality […]