BUSINESS

Nigeria’s debt stock rises to N42.84trn in Q2 2022 – NBS

Daily Dispatch November 9, 2022

Nigeria’s public debt stock increased from N35.46 trillion ($86.57 billion) in the second quarter of 2021 to N42.84 trillion ($103.31 billion) in the corresponding period in 2022. Public debt stock includes external and domestic debts. The National Bureau of Statistics (NBS) made the

BUSINESS

Marketers fault FG, say fuel must sell at N200 per litre

Daily Dispatch November 8, 2022

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, said the only realistic pump price of petrol was between N200 and N210 per litre. Osatuyi said the Federal Government’s pricing template that fixed pump price at N169 per litre of petrol is grossly unrealistic when landing cost of the […]

BUSINESS

Buhari congratulates FBN on 40 years of cross-border banking in the UK

Daily Dispatch November 8, 2022

President Muhammadu Buhari extends warm felicitations to the Board, Management, and Staff of First Bank Nigeria (FBN) for cross-border services in the United Kingdom for 40 years, sharing almost 130 years of banking experience. Buhari was quoted as saying this in a statement issued by his Special Adviser, Media and Publicity, Femi Adesina. President Buhari […]

BUSINESS EDUCATION

Dangote launches a circular economy programme, trains traders on financial literacy

Daily Dispatch November 7, 2022

Dangote Cement has launched a circular economy programme, called “DangCircular”.The new initiative aims to promote recycling and reuse of scarce resources in society to reduce landfilling and create wealth as a contribution to environmental sustainability. DangCircular was rolled out during this year’s Dangote Sustainability Week, targeting students of Nigerian higher

BUSINESS

MTN, Airtel, others appointed by FIRS to withhold VAT charged to them

Daily Dispatch November 7, 2022

MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a Public Notice the FIRS issued on the 1st of November, signed […]

BUSINESS

Amid Fintech Threat, UBA, Others Generated N203.71bn Income via E-banking in 9 Months

Daily Dispatch November 7, 2022

A total of nine Nigerian banks generated a sum of N203.71 billion from Electronic-business earnings in nine months of 2022 with Access Holdings Plc and United Bank for Africa Plc (UBA) topping the list of highest earners. Also, the banks reported N186.3billion in income from digital channels in nine months of 2021, an increase of 9.3