BUSINESS

Polaris Bank Announces New Board Appointments

Daily Dispatch September 19, 2024

The Central Bank of Nigeria (CBN) has constituted a full Board of Directors for Polaris Bank, Nigeria’s leading digital commercial retail Bank in a major transition that signals the remarkable achievements of the new management and the future of the Bank.The Ten-man board is headed by Dr.

BUSINESS

British Battery Recycling Company to Berth in Ogun

Daily Dispatch September 18, 2024

A five million dollar British battery recycling company is to be set up in Ogun State. The British High Commissioner in Nigeria, Mr. Richard Montgomery, disclosed this on Wednesday when he led some officials of the Commission on a courtesy call on the State governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta. Mr. […]

BUSINESS

NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off

Daily Dispatch September 17, 2024

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The […]

BUSINESS

CBN ignores National Assembly, Maintains 5% Ways And Means Advance Limit

Daily Dispatch September 17, 2024

The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025. The latest development is contrary to a bill passed by the National Assembly which raised the maximum borrowing percentage in the Act from five per […]

BUSINESS

NNPC Corrects Mistake On Petrol Price Increase Statement

Daily Dispatch September 16, 2024

The Nigeria National Petroleum Company Limited (NNPCL) has corrected a mistake made on the nationwide petrol price statement it released earlier on Monday. Early Monday morning, NNPCL gave a chart breakdown of the refined petrol product it bought from Dangote Refinery. While the data of the estimated price to be sold around the country remains […]

BUSINESS

DAPPMAN Asks FG To Stop Dangote Refinery Alleged Monopoly

Daily Dispatch September 16, 2024

The group of oil marketers accused by the Vice President of Dangote Industries Limited, Devakumar Edwin, to have reported the Dangote Refinery to President Bola Tinubu for its low-priced product is the Depot and Petroleum Products Marketer’s Association of Nigeria. The association’s secretary, however, denied reporting the refinery to Tinubu in the manner Edwin described.