BUSINESS

Ogun joins league of large-scale rice-producing states as Abiodun flags off harvest of 200-hectare plantation

Daily Dispatch August 19, 2024

Ogun State has joined the league of rice-producing states in the country with the flagging off of the harvest of 200 hectares of farmland at Magboro Rice Farm in Obafemi-Owode Local Government Area of the state. The farm is the brainchild of the Ogun State Economic Transformation Project,

BUSINESS

Ogun joins rice-producing states as Abiodun flags off harvest of 200-hectare plantation

Daily Dispatch August 19, 2024

Ogun State has joined the league of rice-producing states in the country with the flagging off of the harvest of 200 hectares of farmland at Magboro Rice Farm in Obafemi-Owode Local Government Area of the state. The farm is the brainchild of the Ogun State Economic Transformation Project, supported by the World Bank and aimed […]

BUSINESS

Naira crude oil sales initiative: Implementation Committee meets to fast-track transition

Daily Dispatch August 19, 2024

In a significant step towards ensuring the speedy realization of the Presidential directive on Crude Oil Sales in Naira with a view to enhancing Nigeria’s economic growth and development, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, presided over a crucial meeting of […]

BUSINESS

Shareholders of Transcorp Plc, subsidiaries smile to tbank as companies pay N16.339bn interim dividends

Daily Dispatch August 19, 2024

Shareholders of Transnational Corporation Plc (Transcorp Group), along with its listed subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc, have paid interim dividends to their shareholders for the first time in the companies’ history. A total interim dividend amounting to N16.339bn was paid, the Group disclosed in a statement on Sunday on its first half […]

BUSINESS

We are not owing foreign oil traders $6.8bn, NNPCL denies report

Daily Dispatch August 18, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has debunked a report claiming that it owes international oil traders $6.8 billion. Responding to allegations against the company in a statement on Sunday, Chief Corporate Communications Officer, Olufemi Soneye, also refuted claims that the NNPCL had not remitted funds into the federation account since January.

BUSINESS

How Mele Kyari rescued Nigeria, increased oil production by 60,000bpd

Daily Dispatch August 16, 2024

Despite the harsh criticisms of the Nigerian National Petroleum Company Limited (NNPCL), the national oil company under Mele Kyari as Group CEO, has in recent times worked very hard to improve Nigeria’s daily crude production by as much as 60,000 barrels per day, a report by THISDAY newspaper said. Slowly and steadily, the Group Chief […]