BUSINESS

FG Begins Crude Oil Sales In Naira

Daily Dispatch October 5, 2024

The Federal Government has officially commenced the sale of crude oil and refined petroleum products in Naira The Minister of Finance disclosed this in statement signed by Mohammed Manga FCIA, Director, Information and Public Relations at the Ministry of Finance. “In line with the Federal

BUSINESS

NNPCL delivers 48.6m barrels of crude to Dangote Refinery

Daily Dispatch October 2, 2024

The Nigerian National Petroleum Company Limited, NNPCL, has delivered a total of 48.6 million barrels of crude oil to Dangote Petroleum Refinery in the past 10 months, Vanguard investigations have revealed. Details of the deliveries contained in official data on the transaction sighted by Vanguard showed that 3.4 million barrels (mb) were supplied in December […]

BUSINESS

Nigeria Loses 362.28m Barrels Of Crude To Sabotage- NEITI

Daily Dispatch October 1, 2024

A new report by the Nigeria Extractive Industries Transparency Initiative has indicated that Nigeria lost 362.28 million barrels of crude oil due to measurement errors, sabotage, and production adjustments between 2014 and 2023. This implies that the country lost about 992,547 barrels of crude oil daily due to the above-mentioned issues in 10 years. NEITI […]

BUSINESS

UBA Shareholders Get N2 Dividend In H1 As Bank’s Earnings Grow 40%

Daily Dispatch September 30, 2024

Africa’s Global Bank, United Bank for Africa (UBA) Plc has grown its earnings by 40 per cent, reaching N1.37 trillion while total assets inched up to N28.3 trillion at the half-year ended June 30, 2024. The audited financial results for the half year released to the Nigerian Exchange Limited (NGX) on Monday showed its customer deposits climbed […]

BUSINESS

Polaris Bank is Nigeria’s Best Bank in MSME lending

Daily Dispatch September 30, 2024

Polaris Bank, Nigeria’s leading retail commercial banking has emerged as Nigeria’s Best Bank in Micro, Small, and Medium Enterprises (MSMEs) lending. The lender was recognised over the weekend for it’s long standing commitments to supporting MSMEs through several direct and indirect funding channels. Expert judges at the inaugural MSME Finance Awards

BUSINESS

Night economy thrives across China

Daily Dispatch September 29, 2024

By Lin Lili, Huang Xiaohui, Wang Xinyue, On a weekend night, on an open stage in the Ninth Street of Guanyinqiao business area, Jiangbei district, southwest China’s Chongqing municipality, people were singing and dancing, creating a lively atmosphere.“We come here to listen to music, enjoy food, and go shopping. The Ninth Street never sleeps at […]