BUSINESS

As FIRS under Nami jumpstarts the economy

Daily Dispatch January 27, 2023

trillion in tax collection within a period of one year in a proper perspective, it is pertinent to take a cursory look at the following four years figures of tax collection in the country and they clearly show how the Nami-led FIRS has fared under an inclement economic weather. In 2019, the

BUSINESS

Nigeria/India Record $14.95billion Volume of Trade in 2022

Daily Dispatch January 26, 2023

The volume of trade between Nigeria and India in 2022 was $14.95 billion, the Indian High Commissioner to Nigeria, Mr. Shri Balasubramanian has revealed. Speaking in Abuja on Thursday during the celebration of 74th Republic Day of India, the envoy disclosed that the volume of trade was in favour of Nigeria. He noted that the […]

BUSINESS

CBN bans dollar charges on domestic transactions

Daily Dispatch January 26, 2023

The Central Bank of Nigeria (CBN) has banned dollar charges on domestic transactions as it has launched the Nigerian National Domestic Card Scheme, AfriGo. This was disclosed by the CBN governor Godwin Emefiele, on Thursday, January 26, 2023, while launching the card virtually. Godwin Emefiele said that transaction charges on all cards would henceforth be […]

BUSINESS

Banks hoarding new naira notes risk stiffer sanction – CBN

Daily Dispatch January 26, 2023

The Central Bank of Nigeria, CBN, has vowed to impose stiffer sanctions on financial institutions hoarding the new naira notes. The apex bank issued the threat on Wednesday in reaction to the allegation that enough notes were not released. Musa Jimoh, Director of the Payment System Management Department, denied the claim at a news conference […]

BUSINESS

CBN launches domestic card, to cut forex charges

Daily Dispatch January 26, 2023

The Central Bank of Nigeria on Thursday launched the Nigerian National Domestic Card Scheme to boost the electronic payment system in the country. During the launch which was done virtually, the Central Bank Governor, Godwin Emefiele, said the card would help to reduce operating cost, charges and preserve foreign exchange in the country. Emefiele said, […]

BUSINESS

Stamp Duty Revenue: Emefiele debunks Rep claim

Daily Dispatch January 25, 2023

CBN governor, Mr Godwin Emefiele, says the total revenue collected as stamp duty in six years between  2016 and 2022 is N370,686 billion. A House of Representatives member, Alhaji Muhammed Kazaure, representing Kazaure, Roni, Gwiwa, Yankwashi of Jigawa raised the alarm in 2022 of alleged theft of stamp duty proceeds running into N89 trillion. Emefiele, […]