BUSINESS

UK economy enters recession

Daily Dispatch February 15, 2024

UK economy has entered recession after recording two successive quarters of negative economic growth in the second half of last year, official data showed on Thursday. Gross domestic product shrank by 0.3 per cent in the fourth quarter of 2023 after contracting 0.1 per cent in the previous

BUSINESS

FIRS unveils tax exemptions, says companies earning less than N25m profit not required to pay tax

Daily Dispatch February 12, 2024

The Federal Inland Revenue Service (FIRS), says companies that earn less than N25m profit are not required to pay tax. The agency also said it had no plans to tax online content creators. According to a staff member of the agency who spoke under the condition of anonymity, skit makers were individuals who did not […]

BUSINESS

NNPC, CBN to strengthen relationship to guarantee seamless commercial operation

Daily Dispatch February 8, 2024

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and other banking services with the CBN. Following their […]

BUSINESS NEWS

Petrol: No price increase, NNPC assures Nigerians

Daily Dispatch February 8, 2024

The Nigerian National Petroleum Company, NNPC, Ltd. has assured the public that there is no plan to increase the cost of petrol. The assurance was given on Thursday in a statement issued by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi O. Soneye. The spokesman said the news making the rounds about an imminent […]

BUSINESS

NNPC Ltd celebrates 14,000bpd production from Akpo West field

Daily Dispatch February 7, 2024

In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field.The milestone, which is the result of meticulous planning, strategic collaboration, and unwavering

BUSINESS

EFCC raises Special Task Force against dollarization of economy & mutilation of currency

Daily Dispatch February 7, 2024

The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy. The Task Force, inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and distortions […]