BUSINESS

NNPC Ltd Announces 1.8mbpd Production, Eyes 2mbpd by Year End

Daily Dispatch November 14, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd). The company which announced this at a press briefing on Thursday said the feat was achieved in

BUSINESS

NNPC, Dangote Refinery seal 10-year gas supply deal

Daily Dispatch November 13, 2024

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The agreement, signed by the Managing Director, NGML, Barr. Justin Ezeala and the President/CEO of the Dangote Group, Aliko Dangote on

BUSINESS

Nigerians Call for Immediate End of Cuba Economic Blockage

Daily Dispatch November 13, 2024

A group of Nigerians have shown solidarity with Cuba over recent electricity crisis and the devastation caused by Hurricane Oscar, calling for immediate end of the economic blockage of Cuba. The group, Nigerian-Cuban Graduates Association in a letter of solidarity to the Cuban Ambassador to Nigeria, Miriam Morales Palmero signed by Dr. Olaitan Fafure (President) […]

BUSINESS

Rice Now Sell For N200

Daily Dispatch November 13, 2024

In a bid to make rice more affordable for Nigerians, sachets of rice have been reintroduced into the market, following the surge in prices of the staple food. A 50kg bag of local rice, it is learnt, now costs between N78,000 to N90,000 in the country, depending on the location and brand. These values are […]

BUSINESS

APC Group lauds NNPCL, Marketers over plan to distribute Dangote fuel Nationwide

Daily Dispatch November 13, 2024

A Youth Group within the ruling All Progressive Congress (APC), has commented the Nigerian National Petroleum Corporation Limited (NNPCL) and major oil marketers for deciding to lift and distribute fuel from the Dangote refinery to end users across the country. The group, APC Vanguard for Optimum Transparency and Accountability (APC-VOTA), also called on the Group […]

BUSINESS

28m Nigerians Lack Access Financial Services- CBN

Daily Dispatch November 13, 2024

The  Central Bank of Nigeria, Tuesday said that over 28 million Nigerians still lack access  to formal financial products and services in spite of a reduction in the country’s financial exclusion rate to 26% in 2023 from 46.3% in 2010. The CBN however said that the ongoing recapitalisation exercise will empower banks to take risks in […]