BUSINESS

Malta Importation Saga: Matrix Energy CEO drags media houses to court for libel, seeks N20bn damages

Daily Dispatch August 27, 2024

An indigenous oil company, Matrix Energy Limited, has approached an Abuja High Court seeking N20 billion as damages over reports linking it to the alleged importation of low grade fuel from Malta to Nigeria. The company and its Chief Executive Officer, CEO, Abdulkadir Adisa Aliu, who are the

BUSINESS

NNPC Ltd Expands Global Market Footprint to Japan, China with LNG Supply on Delivered Ex-Ship Basis

Daily Dispatch August 26, 2024

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis. NNPC Ltd achieved the milestone through the collaboration of two of its […]

BUSINESS

SADC to Promote Innovation as Key to Unlocking Sustainable Economic Growth of Southern Africa

Daily Dispatch August 25, 2024

As the Southern African Development Community (SADC) begins life under the Chairmanship of President Emerson Mnangagwa of Zimbabwe, the promotion of innovation to unlock opportunities for sustainable economic growth and development would be a watchword in the region This would be a consolidating of the national peace, food and nutritional security, gender development,

BUSINESS

Japan expresses interest in start-ups in Nigeria

Daily Dispatch August 25, 2024

Japan has shown interest in further strengthening business and economic relations with Nigeria especially in the area of start-ups. This interest was shown during the meeting of Nigeria’s Foreign Affairs Minister, Amb. Yusuf Tugar and his Japanese counterpart, Ms. Kamikawa Yoko at the ongoing Tokyo International Conference on African Development (TICAD) Ministerial Meeting

BUSINESS

NNPC shares update  on northern oil exploration efforts

Daily Dispatch August 22, 2024

..Pledges Continued Support for Federal Government’s Ambition in Frontier Regions* The Nigerian National Petroleum Company Limited  (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company

BUSINESS

NNPCL reacts to report of subsidy payment…says  it paid no marketer in 9 years

Daily Dispatch August 20, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has cleared the air on the controversies surrounding fuel subsidy, declaring that it did not make payment to any marketer in the last eight or nine years. The company stated that it has nothing to do with subsidy payment, but was only taking care of PMS importation shortfall between it and the […]