BUSINESS

Minister denies ordering demolition of private hangars at MMIA 2

Daily Dispatch September 1, 2023

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo (SAN) has denied reports that he gave orders for the demolition of private hangars at the Murtala Muhammed International Airport Two (MMIA 2), Lagos. A report by a digital media outfit said Keyamo ordered the Dominion and

BUSINESS

CBN directs banks to search data base for suspects arrested for $1bn currency counterfeiting

Daily Dispatch September 1, 2023

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Other Financial institutions (OFIs), to conduct searches on their database for a Nigerian and four others, arrested over alleged involvement in currency counterfeiting amounting to $1 billion, which was bound for African countries. The apex bank said the directive was in pursuant […]

BUSINESS

FG to close Lagos Airport from October 1

Daily Dispatch August 31, 2023

….asks airlines to vacate international wing The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has directed all international airlines to vacate the Murtala Mohammed International Airport in Lagos from October 1, 2023. Keyamo said the move was necessary to give room for total maintenance work at the airport. He made the announcement during a

BUSINESS

Textile, 25 other sectors lost over N1tn In Q2 – NBS

Daily Dispatch August 28, 2023

The food, textile, and 24 other sectors of the economy lost over N1tn in the second quarter of 2023. This is as twenty-six sectors of the economy shrank in Q2 based on an analysis of the Gross Domestic Product data from the Nigerian Bureau of Statistics. These sectors lost N1.16tn in economic value as their collective […]

BUSINESS

FIRS 2023 H1 Collection: A Reflection of the Power and Impact of Citizens’ Civic Obligations Compliance

Daily Dispatch August 28, 2023

By Femi Onakanren In the aftermath of its record breaking N10 trillion tax revenue collection in the 2022 fiscal year, the Federal Inland Revenue Service (FIRS) has continued to show that its historic performance was no fluke. The recently announced 2023 half-year performance update is a clear pointer to this. The FIRS seems to be […]

BUSINESS

Fidelity Bank records highest earnings per share on the NGX for H1 2023

Daily Dispatch August 28, 2023

For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half year financial figures.According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City […]