BUSINESS

FIRS milestone H1 2023 performance, a success foretold

Daily Dispatch August 11, 2023

By Dapo Okubanjo For any one who has paid more than a passing attention to the activities of the Federal Inland Revenue Service (FIRS) in the last four years, the agency’s tax collection receipt in the first six months of 2023 would certainly not be surprising. This is because the FIRS under

BUSINESS

Breaking: Why marketers may sell PMS above N617 – IPMAN

Daily Dispatch August 10, 2023

The Independent Petroleum Marketers Association of Nigeria said the price of Premium Motor Spirit, popularly known as fuel would continue to increase as long as the US Dollar rose in the foreign exchange market. Chinedu Okoronkwo, the National President of IPMAN, disclosed this to DAILY POST exclusively while reacting to speculation of further fuel pump […]

BUSINESS

With tax revenue gap of N20trn, FG strips Customs, NCC, 62 MDAs of revenue collection for govt

Daily Dispatch August 9, 2023

With Nigeria ranked as one of the lowest in revenue generation from tax collection, the newly-inaugurated Presidential Committee on Tax Policy and Fiscal Reforms is set to relieve the Nigeria Customs Service and 62 other Ministries, Departments and Agencies (MDAs) of collection of revenue for the government. Mr Taiwo Oyedele, the chairman of the committee, […]

BUSINESS

NDIC Begins Selling Assets Of 183 Liquidated Microfinance Banks, PMBs To Repay Depositors

Daily Dispatch August 9, 2023

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the sale of assets belonging to 179 liquidated financial institutions to pay depositors. The NDIC said the assets were put on sale to offset deposits exceeding N250,000 which is not covered by the NDIC. The Central Bank of Nigeria liquidated 179 microfinance banks and four primary mortgage banks. The […]

BUSINESS

Dangote to set up Block Makers Academy to stem building collapse

Daily Dispatch August 8, 2023

In a concerted effort aimed at stemming the spate of building collapse in the country, leading cement manufacturer, Dangote Cement Plc. has put in place plans to establish a Block Moulders Academy. The academy, according to the company, would be structured and equipped to support the seamless transfer of requisite skills to block makers and […]

BUSINESS

Nigeria can generate 427,000MW from solar – Gencos

Daily Dispatch August 7, 2023

Nigeria can generate about 427,000 megawatts of electricity from solar energy that comes from the sun, power generation companies have said. Nigeria currently generates less than 5,000MW for more than 200 million people. For instance, data obtained from the Federal Ministry of Power, on Sunday, showed that power generation on the grid as of 6am […]