BUSINESS

Appointment of expatriate NNPCL raises dust

Daily Dispatch March 21, 2023

The appointment of Jean-Marc Cordier as the head of the oil trading arm of the Nigerian National Petroleum Company Limited has raised diverse concerns among industry experts and operators. Cordier would head NNPC Trading Ltd, a subsidiary of NNPCL, and this was announced in a statement issued

BUSINESS

Tax Administrators Must Match The Pace Of Global Technological Advancements — CATA President

Daily Dispatch March 20, 2023

Tax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolution age. This was the position expressed by the President of the Commonwealth Association of Tax Administrators

BUSINESS

FG rakes in N10tn VAT under Buhari- NBS

Daily Dispatch March 20, 2023

The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President, Major General Muhammadu Buhari (retd.). This comes against the backdrop of the advice by the Minister of Finance, Zainab Ahmed, that the incoming government should increase the VAT from the current 7.5 per cent to 10 […]

BUSINESS

Currency in circulation now N982bn – CBN

Daily Dispatch March 19, 2023

The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira redesign policy of the Central Bank of Nigeria. Figures obtained from the CBN revealed that N2.3tn was mopped up from circulation during […]

BUSINESS

NCDMB to host 4th Nigerian Oil and Gas Opportunity Fair

Daily Dispatch March 18, 2023

 Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to organize the 4th edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF), with the theme “The oil and gas industry- catalyst and fuel for the industrialisation of Nigeria.” After being held virtually in May 2021 in a bid to curtail the spread of COVID-19 […]

BUSINESS

UK to Host African Investment Summit in April 2024

Daily Dispatch March 16, 2023

The British Prime Minister, Rishi Sunakwill be hosting African leaders in London for the second UK-African Investment Summit between 23 and 24 April, 2024 building on the £6.5 billion of deals and £8.9 billion of investment commitments achieved at the 2020 summit. A statement from the British High Commission in Nigeria on Thursday explained that […]