BUSINESS

NNPC Demands Permanent Office Space For Its Staff At Dangote Refinery’

Daily Dispatch September 13, 2024

The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote Group, NNPC made the demand since they will be

BUSINESS

Polaris Bank Inducted Premium Member of Nigeria-British Chamber of Commerce

Daily Dispatch September 13, 2024

Lagos, Nigeria: September 13, 2024 – Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank’s journey towards enhancing profitable trade between businesses in Nigeria and promoting global commercial partnerships with businesses in United Kingdom. The induction ceremony which took

BUSINESS

Why NNPC may not lift Dangote petrol on Sunday – Report

Daily Dispatch September 11, 2024

Four days before the September 15, 2024, date announced by the Nigerian National Petroleum Company Limited [NNPC Ltd] to start lifting Premium Motor Spirit, popularly called petrol, from the Dangote Refinery, there has yet to be a commercial agreement to that effect by both parties. A report by The PUNCH quoted multiple sources from NNPC […]

BUSINESS

Tinubu Introduces Gas Fuel at N230 Per Litre

Daily Dispatch September 11, 2024

President Bola Ahmed Tinubu has enabled Compressed Natural Gas (CNG) to be available for vehicles at N230 per litre in a strategic move to reduce fuel costs and provide Nigerians with an affordable alternative to petrol and diesel. This initiative provides a cheaper and cleaner alternative to petrol, which currently sells for over N900 per […]

BUSINESS

75th Anniversary: UBA Rewards 30 Customers With 17m

Daily Dispatch September 11, 2024

In celebration of its 75th anniversary, United Bank for Africa Plc has rewarded 30 customers with over N17m in its August draw. In a statement on Monday, the lender said the event, held recently in Lagos, featured a draw overseen by representatives from the National Lottery Regulatory Commission. It stated that in the top tier, […]

BUSINESS

NNPC Ltd/Chevron JV Concludes Conversion of Assets into PIA Terms

Daily Dispatch September 9, 2024

…As Partners Eye JV’s 165,000 bopd Oil Production Target by Dec 2024 In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its […]