BUSINESS NEWS

BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State

Daily Dispatch July 9, 2025

Backbone Infrastructure Nigeria Limited (BINL) has concluded plans to construct and operate a 500,000 barrel per day (BPD) refinery at the Sunshine Industrial Park in Ogboti, Eruuna and establish the Sunshine Free Trade Zone (FTZ) in the Ilaje Local Government Area of Ondo State. The refinery,

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FCTA Begins Operation Sweep Abuja of Miscreants, Street Beggars/Traders, “one-chance” syndicate, scavengers, others

Daily Dispatch July 9, 2025

The Minister of Federal Capital Territory (FCT), Nyesom Wike, has directed that Abuja and the Satellite Towns in the FCT be completely rid of street beggars/traders, “one chance” syndicates, scavengers miscreants and other social nuisances. Senior Special Assistant on Public Communications and Social Media to the Minister, Lere Olayinka, said in a statement on Wednesday,

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Reno Omokri Launches ₦20 Million Challenge Over Power Project Claims

Daily Dispatch July 8, 2025

Nigerian socio-political commentator and former presidential aide, @renoomokri, has launched a public challenge with a ₦20 million reward attached, questioning the infrastructural legacy of former Anambra State Governor, Peter Obi. In a post that has since gained widespread attention online, Omokri praised the achievements of President Bola Ahmed Tinubu and his successor,

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Centre Lampoons FG Over Importation of Belarus Tractors

Daily Dispatch July 8, 2025

The Centre for Social Justice (CSJ) has lampooned the Federal Government for neglecting homegrown agricultural innovations against foreign manufactured. The criticism followed the recent importation of 2,000 tractors from Belarus. Lead Director, CSJ, Eze Onyekpere while speaking in Abuja on Tuesday at the National Workshop on Improving Visibility and Linkages between

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U.S. Imposes Stricter Visa Policy on Nigeria and Other Nations

Daily Dispatch July 8, 2025

The United States has implemented a more restrictive visa policy affecting Nigeria, under its newly revised Visa Reciprocity framework. Announced on Tuesday by the U.S. Department of State, the updated policy affects several countries, including Nigeria. According to a statement from the U.S. Embassy in Nigeria, the change takes immediate effect and stipulates that most

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NSCDC Promises to Keep Watch Over Recently Commissioned Projects in FCT

Daily Dispatch July 8, 2025

Nigeria Security and Civil Defence Corps (NSCDC) has promised to keep watch over the newly commissioned projects in the Federal Capital Territory (FCT), Abuja. The promise was given on Tuesday by the The FCT Commandant of the Corps, Dr. Olusola Odumosu while addressing his personnel on the need to be up and doing to ensure […]