BUSINESS

Cash withdrawals limit: Emefiele again shun lawmakers

Daily Dispatch December 20, 2022

The House of Representatives has again given the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, two days ultimatum to appear before it to explain the apex bank’s new policy on cash withdrawals limit. The House gave the ultimatum while reading a letter by Emefiele explaining why

BUSINESS

Finance Bill: 172 companies may lose N2.4tn tax waivers

Daily Dispatch December 19, 2022

About 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government moves to phase out some tax waivers effective 2022. The Federal Government is phasing out the tax exemptions for mature industries with the 2022 Finance Bill, which President Muhammadu Buhari has sent […]

BUSINESS

Five steps to take your business to the next level with VULTe – Polaris

Daily Dispatch December 18, 2022

Polaris Bank on Saturday announced five types of loans individuals and businesses can get on VULTe. The bank disclosed this in a statement released and made available to Newsclick Nigeria, that in the last couple of years, the number of financial institutions giving loans soared astronomically. However, the process of obtaining such loans is stringent and […]

BUSINESS

House of Reps reschedules Emefiele’s appearance to explain Withdrawal limit

Daily Dispatch December 15, 2022

Nigeria’s  House of Representatives has scheduled another date for the Central Bank Governor, Godwin Emefiele to appear before it. The honourable members unanimously agreed that Emefiele should appear before them next week. His visit was initially scheduled for Thursday, December 15th, but the CBN Governor went with President Buhari on a visit to Washington DC. […]

BUSINESS

5, 000 companies, individuals owe FG N5.2tn

Daily Dispatch December 15, 2022

The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has revealed that the Federal Government is owed approximately N5.2 trillion in debts. Ahmed who stated this during a two-day sensitization workshop on Project Lighthouse organised for ICT and Account Staff in federal ministries, departments, and agencies across the North Central Zone in Minna, on […]

BUSINESS

Tony Elumelu: I’ve empowered African youths with $85m

Daily Dispatch December 14, 2022

The Tony Elumelu Foundation (TEF) has so far committed $85 million towards empowering African youths. Founder of TEF, Mr. Tony Elumelu, made the disclosure on Monday in Washington DC at the investment-focused “Innovators Gathering” which preceded the US-Africa Leaders Summit. About 300 entrepreneurs, investors, and celebrities took part in the investment-focused