BUSINESS

FG inaugurates Technical Sub-Committee on naira based crude sales to local refineries

Daily Dispatch August 15, 2024

In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in

BUSINESS

Zulum says dry inland port will begin operations in Maiduguri in six months

Daily Dispatch August 14, 2024

Borno State Governor, Prof. Babagana Zulum has stated that the Maiduguri dry inland port will begin operations in six months. Zulum made this known on Wednesday in Lagos while addressing journalists after a courtesy call to the Executive Secretary of the Nigerian Shippers Council, Pius Akutah. The Governor expressed confidence that the establishment of the […]

BUSINESS

We have not fixed Petrol Price- Dangote Refinery

Daily Dispatch August 13, 2024

Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13,2024. We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed price of Premium Motor Spirit (PMS) with them, and they […]

BUSINESS

Finance Minister leads strategic meeting on NNPCL crude sales in naira

Daily Dispatch August 13, 2024

In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met […]

BUSINESS

We cannot sabotage Dangote refinery after investing billions of naira in it — NNPC

Daily Dispatch August 12, 2024

The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment of billions of naira in the plant. In a recent interview on the Berekete Family Radio Programme, which was published on YouTube on Sunday, Olufemi Soneye, the Chief Corporate Communications […]

BUSINESS

Investors scramble for Fidelity Bank’s offers

Daily Dispatch August 9, 2024

Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. Current weekly report shows that […]