BUSINESS

2022: Dangote Industries wins FMDQ largest corporate lodgment Award

Daily Dispatch November 22, 2022

…As Dangote Cement named Most Trusted Brand of the Year In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and

BUSINESS

TCN to deploy software to check grid collapse

Daily Dispatch November 22, 2022

Transmission Company of Nigeria (TCN) says it will acquire a Supervisory Control and Data Acquisition (SCADA) to check frequent grid collapse and energy rejection by Distribution Companies (DISCOs). Mr Ekere Nsima, the Chairman, Governing Board of TCN, said this during a visit by the board to its warehouse and some substations on Monday in Lagos. […]

BUSINESS

Tax evasion: Reps Committee comes hard on FIRS Chairman, Nami, oil companies

Daily Dispatch November 22, 2022

The Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Mamman Nami has been accused of conniving with oil companies operating in Nigeria to evade tax remittances running into trillions of naira. Chairman of the House of Representatives Ad-hoc Committee Investigating the Structure and Accountability of the Joint Venture (JV) Businesses and Production Sharing

BUSINESS

Obi, others get two weeks to clear taxes in Anambra

Daily Dispatch November 21, 2022

Anambra State Governor Prof. Chukwuma Soludo has given former governor and presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, two weeks to clear any impending debts on posters and billboards. The same ultimatum was given to other candidates and their parties through a statement by the Anambra State Signage and […]

BUSINESS

Cooking gas price increases by 0.21% in October – NBS

Daily Dispatch November 21, 2022

The average price of 5kg cooking gas increased by 0.21 percent in October, rising from N4,474.48 in September to N4,483.75 in October. The price increase is included in the National Bureau of Statistics (NBS) “Cooking Gas Price Watch” for October 2022, which was released on Monday in Abuja. It stated that the increase was 70.62 […]

BUSINESS

Naira redesign: CBN launches countdown clock on website

Daily Dispatch November 21, 2022

The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes in circulation. The apex bank had announced plans to redesign, produce, release and circulate a new series of three banknotes out of the existing eight banknotes. The Senate last week resolved to provide legislative support to the […]