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21 states seek N1.65trn loans despite 40% rise in FAAC revenues

Daily Dispatch August 27, 2024

Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year. From June 2023 to June this year, all the

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OVH Acquisition: The Facts, by NNPC Ltd

Daily Dispatch August 22, 2024

The attention of NNPC Ltd. has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar. In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”. He was […]

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Breaking: NNPC Releases 2023 Audited Financial Statement…Posts N3.3trn Net Profit, Declares N2.1trn Dividend

Daily Dispatch August 19, 2024

…Targets 2mbpd Crude Oil Production by Dec 2024 The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit of N2.548trillion. In a world press […]

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Seized Presidential Jets: Chinese firm disagrees with FG, defends Paris Court verdict 

Daily Dispatch August 16, 2024

Zhongshan Fucheng Industrial Investment Co. Limited has disagreed with the Nigerian government’s narrative following the temporary seizure of Nigeria’s presidential jets through a court case in Paris, France.  The rebuttal was disclosed in a statement on August 15, 2024.  The offices of the Attorney General of the Federation, Lateef Fagbemi (SAN), and the National

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My house in Maiduguri better than Tinubu’s house in Bourdillon – Shettima

Daily Dispatch August 16, 2024

Vice-President Kashim Shettima has extolled virtues of his boss, President Bola Tinubu, saying contrary to public opinion, the president is poor and lives a descent life. The Vice President explained that his boss is not in power to accumulate wealth but to leave a positive mark on the nation. Shettima spoke in Abuja on Thursday […]

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(Breaking) Presidential aircraft: Ogun moves to vacate seizure order, faults fraudulent legal process by Zhongashan

Daily Dispatch August 15, 2024

Ogun State Government, on Thursday, faulted the judicial process that led to the provisional attachment of three Nigerian government owned aircraft in France by the Judicial Court of Paris on 7th March and 2nd August, 2024. It would be recalled that a Chinese company, Zhongshan Fucheng Industrial Investment Co. Ltd, had sought several orders from […]