BUSINESS NEWS

CIBN, PAPSS sign MoU to resolve payments-related barriers in continental trade

Daily Dispatch September 28, 2022

The leadership of the Chartered Institute of Bankers of Nigeria (CIBN) has signed a Memorandum of Understanding (MoU) with Pan- African and Payment Settlement System (PAPSS) in a bid to resolve payments-related barriers in the actualization of the African Continental Free Trade Area (AfCFTA).

BUSINESS

Senate moves to strip CBN Governor of financial, employment independence

Daily Dispatch September 27, 2022

This it did by passing a bill by Senator Sadiq Umar, representing Kwara North Senatorial District, into second reading. Umar sought for an amendment to the Central Bank has Nigeria Act No. 7 for the power of the governor to be divested of appointment of anyone into the services of the apex bank. In the […]

BUSINESS

Union Bank, WACOT rice kick off financial inclusion drive for smallholder farmers in Kebbi

Daily Dispatch September 27, 2022

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, […]

BUSINESS NEWS

Nigeria in darkness as national grid collapses

Daily Dispatch September 26, 2022

Blackout is being experienced in some parts of the country as the national grid has collapsed again. The national grid is collapsing for the seventh time in 2022. Announcing the development, Monday, the Ikeja Electricity Distribution Company, in a statement via its verified Twitter handle, said, “This is to inform you that the outage you are currently experiencing […]

BUSINESS

Good use of tax revenues’ll enhance tax morale, compliance -FIRS

Daily Dispatch September 26, 2022

When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. The Executive Chairman of the Federal Inland Revenue Service, FIRS, Muhammad Nami, made this assertion during his opening remarks at the launch of […]

BUSINESS

FG not planning to sell Transmission Company of Nigeria – BPE

Daily Dispatch September 25, 2022

The Bureau of Public Enterprises (BPE) has debunked reports that the Federal government has concluded plans to sell Transmission Company of Nigeria (TCN). The Bureau made the reffutal in a statement issued by the Head of Public Communications, Mr Chidi Uzoma Ibeh in Abuja on Sunday. The statement reads: The attention of the Bureau of […]