The Business Dispatch

24/09/2024

Your Daily Business News Summary For Today.

A Thread

17/09/2024

Your Daily Business News Summary

A thread

13/09/2024

Your Daily Business News Summary for today.

A thread.

10/09/2024

Your Daily Business News Summary

10 September, 2024.

The Headlines

Dangote Petrol Price Uncertainty Looms Large As Fuel Landing Cost Soars

Daily Petrol Consumption Surges Amidst Scarcity And Smuggling Concerns

NNPC, Chevron Complete Asset Conversion, Target Increased Oil Production

Petrol Subsidy Politics Plagues Nigeria's Economy

CBN, NDIC To Discuss Bank Recapitalisation At Summit

Rand Merchant Bank Nigeria Names Bayo Ajayi As New CEO

NCC Unveils Device Management System To Protect Mobile Users

Kecam Technologies Launches Foxit PDF Editor For Nigerian Businesses

Discos' Revenue Soars 40% Amidst Tariff Hike And Consumer Complaints

IBEDC Disputes Phoenix Steel Mills' Transition To Eligible Customer Status

Forex Crisis Derails Border Trade

UBA Rewards 30 Customers With N17 Million In Anniversary Draw

Experts Advocate For Sustainable Oil And Gas Production In Nigeria

Dangote Cement, Lafarge, Seplat Lead Premium Stocks In 8 Months

30/08/2024

Your Daily Business News Summaries For Today

30th August, 2024.

Vandalism Threatens Power Infrastructure

30 Million Nigerians Now Have Credit Scores, Says CRC Credit Bureau

Sterling Bank Honored For Impact On MSMEs

74% Expected CBN Rate Cut In July, Survey Shows

Fidelity Bank Empowers Women With Digital Skills

FG, Oil Producers Reach Agreement On Domestic Crude Supply

UBA Summit Urges Businesses To Embrace Innovation

Nigeria Unveils New Battery Regulations To Address Environmental Challenges

Tinubu Greenlights 50% Power Subsidy For Public Institutions

FG Establishes Committee To Enhance Risk Management

Seven Million African Youths Unemployed Annually, Says British Council

Nigeria Ranks 24th In African Digital Development

Nigeria Ranks Among Top 20 Countries For US Green Cards

AVA Capital Boosts Infrastructure Development with N200 Billion Fund

SEC Grants Provisional Crypto Licenses To Busha And Quidax

Nigerian Stock Market Rebounds, Gains N117 Billion

Here are summarised headlines of major business news for today.

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27/08/2024

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26/08/2024

Your Daily Business News Summary.

The Headlines, 26th August, 2024.

FX Turnover Soars To $7.4 Billion In July

Ireland Donates €200,000 To Support Global Food Safety And Trade

Nigeria Prepares For Petrol Price Shock As Dangote Refinery Gears Up

Aging Pipelines Pose Major Obstacle To Energy Security

Oil Surveillance Contract Duplication Sparks Controversy

SPE Strategises To Boost Oil And Gas Production In Nigeria

Ecobank Launches Custody Business

Five Banks Rake In N1.62 Trillion From Loans Amidst Rising Interest Rates

Baobab's Jollof+ Savings App Surpasses N1.3 Billion In Just 64 Days

Welbeck Seeks Government Partnership To Boost Power Supply In Industrial Clusters

Power Sector Challenges Not Technical, Says Minister

Inflation Rate Falls, But Consumer Struggles Persist

Nigeria Eyes Global Maritime Revival Under Tinubu

Fairfax Africa Fund Predicts Collapse Of Nigerian Airlines

Nigeria Facing Crisis As Poverty And Debt Soar, CBCN Warns

Federal Government To Support Farmers With Agricultural Insurance

Equity Market Sheds N815 Billion In One Week

Nigeria's Domestic Dollar Bond Outshines Eurobond

Foreign Investors Flee Nigerian Market Amid Economic Uncertainty

20/08/2024

Your Daily Business News Summary

The Headlines

Naira Wobbles As CBN Adjusts Exchange Rate

IPMAN President Explains Petrol Scarcity, Proposes Solutions

Nigeria's Fuel Subsidy Bites Back

Dangote Refinery To Boost Local Fuel Production

NNPC Posts Record Profit, Declares Dividend, But Faces Challenges

Petrol Crisis Deepens As Prices Soar

NIPCO Expands LPG Presence, Declares N938.3 Million Dividend

Airtel Africa Launches $50 Million Share Buyback

Nigeria To Begin Naira-Based Crude Oil Sales To Dangote Refinery

States Racking Up Electricity Debt

Power Sector Stagnation, 40-Year Challenge

Soaring Meter Costs Cripple Nigerians

Banks Boast Impressive Growth

Ogun State Makes Strides In Rice Production

FG And NIMC Partner To Improve Farmers' Data

DAAR Communications Undergoes Management Restructuring

Afreximbank Posts Strong Financial Performance

Nigeria-Germany Trade Hits $3 Billion

US Backs Nigeria's Solar Power Project

Stock Market Takes Dive

FG Prohibits Cash Payment For $500 Million Domestic Dollar Bond

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19/08/2024

Your Daily Business News Summary

The Headlines

Matrix Energy Under Fire For Importing Dirty Fuel

NNPC Faces Backlash Amidst Fuel Crisis And Financial Allegations

Petrol Scarcity Cripples Nigeria

Nigeria Squanders Gas Equivalent To Power Millions

Forest Cover Crisis: Call For 25% Nationwide Target

Customs Duty Chaos Threatens Economy

Banks Reap Windfall From Devaluation

Union Bank Beats Expectations Amidst Economic Challenges

UBA: Summer Deals And Financial Update

Nigeria To Introduce Cryptocurrency Regulations

SEC Encourages Listings To Boost Capital Market

Equity Market Takes Another Hit

SEC's Bold Move: Steering Banks Towards Resilience

FG Targets $2 Billion From Domestic Dollar Bond Sale

15/08/2024

Your Daily Business News Summary

The Headlines

NNPC Cracks Down On Oil Thieves

NCDMB Sets Sights On Local Content Gold

African Energy Bank To Fill Funding Gap

Consumers Ditch Brands Amid Economic Crunch

Cash Hoarding Cripples Economy

Communication Gap Undermines Government Efforts

Government's Food Import Waiver: Short-Term Fix?

Economy Remains Contracted

Fiscal Policies Clash With CBN's Inflation Fight

FG Sets Up Committee For Naira-Based Crude Oil Sales

Senate Cracks Down On Insurance Irregularities

FG Cuts Import Duties On Food Items

Dangote Empire Under Pressure

Market Plunges As Oando, Cutix Lead Losses

The NNPC has intensified its crackdown on oil theft, seizing 63 illegal refineries. This aggressive push has yielded positive results, disrupting criminal networks and recovering stolen crude.

14/08/2024

Your Daily Business News Summary

The Headlines

Ownership Battle Shakes Nigeria’s Oldest Bank

Freightliner CEO Honored Among Nigeria's Top Business Leaders

FG Boosts Transport With 70 Hybrid Buses

Slouching Towards Sustainability: Nigeria's Decade-Long Economic Struggle

Slow Start For Tinubu's CNG Bus Initiative

MSMEs Cry Out As Inflation Bites Harder

AU Unveils Strategy To Tackle Youth Unemployment

AI Divide Threatens Global Inequality

AfDB Urges Private Sector To Lead Climate Fight In Africa

Fuel Scarcity Cripples Nigeria

Another Delay: Port Harcourt Refinery Yet To Start

Analysts Predict Inflation Dip In July

Telcos Face Investment Crunch Amidst Negative Returns

Olam Agri Pledges N6.5 Billion For Community Development

Naira Dips As External Reserves Shrink

FGN Bonds Dominate Stock Exchange

NGN/USD Exchange Rate at N1,589

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A high-stakes showdown is brewing over who actually owns the largest chunk of Nigeria's First Bank. While the bank claims its chairman, Femi Otedola, is the top shareholder, records from the securities clearing system and the bank's registrar point to Barbican Capital, linked to the Oba Otudeko-led....