BUSINESS

Dangote Presents First Sample Of Petrol, Says Refinery Will Meet Nigerians’ Demands 

Daily Dispatch September 3, 2024

The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, otherwise known as petrol. Dangote made this presentation on Tuesday in a broadcast at his refinery situated in the Ibeju-Lekki Area of Lagos State. The 650,000-capacity refinery engaged in a

BUSINESS

Atiku Demands Immediate Listing Of NNPCL On Stock Exchange 

Daily Dispatch September 1, 2024

Former Vice President Atiku Abubakar has demanded the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the Stock Exchange, in line with the Petroleum Industry Act (PIA). He said this in reaction to the decision of the NNPCL to hand over the Warri and Kaduna refineries to private operators who are expected to manage and operate them. […]

BUSINESS

Cardoso sacks NIRSAL executive directors

Daily Dispatch August 31, 2024

The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). This decision, approved by CBN Governor Olayemi Cardoso, on Friday, represents the latest in a series of staff reductions at the apex bank since his appointment last year. The executive […]

BUSINESS

NNPC Ltd. hand over Warri, Kaduna refineries to private operators

Daily Dispatch August 30, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it will engage reputable and credible operations and maintenance companies to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company, which are due to be handed over soon. The initiative, as learnt, aims to strengthen the nation’s petrol supply […]

BUSINESS

Shell to cut 20% of workers in oil and gas exploration units

Daily Dispatch August 29, 2024

Shell is planning to cut a fifth of its workforce in two oil and gas exploration divisions, as a cost-cutting drive by chief executive Wael Sawan reaches its core upstream business. Around 20 percent of jobs will go in units responsible for Shell’s exploration strategy and for developing its oil and gas finds, according to […]

BUSINESS NEWS

Infrastructural Devt., Agriculture, Energy Security, Tops Yobe/Arab Bank Negotiations

Daily Dispatch August 28, 2024

Yobe state Governor, Hon. Mai Mala Buni has described the negotiations for partnership in agriculture, infrastructural development and energy security between the state government and the Arab Bank for Economic Development in Africa, as very successful with huge potentials for the state. The governor made the assessment on Wednesday in Riyadh, Saudi Arabia, at the […]