BUSINESS

Rate hikes may trigger recession, World Bank warns FG

Daily Dispatch September 23, 2022

The World Bank Group has warned Nigeria as well as other developing economies that simultaneous rate hikes in response to increasing inflationary pressure may trigger a global recession and a string of financial crises. In its new study titled “Risk of Global Recession in 2023 Rises Amid

BUSINESS

Kaduna Electric MD meets Saminaka peoples forum, harps on customer reorientation for improved services.

Daily Dispatch September 23, 2022

The Managing Director/CEO of Kaduna Electric, Engr Yusuf Usman Yahaya has stated that sustaining electricity services in the franchise of the Company shall continue to remain his watch word.He made the affirmation today in Kaduna while receiving the leadership of Saminaka Progressive People’s Forum who paid him a courtesy visit in his office.Engr. Yusuf Usman […]

BUSINESS

PENGASSAN fingers military in 600,000-barrel daily stolen crude oil

Daily Dispatch September 22, 2022

The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the military should be held responsible for the high rate of crude oil theft in the country. This was made known at the Senate’s investigation into oil lifting and theft on Wednesday, which was chaired by Senator Akpan Bassey. The National President […]

BUSINESS

FIRS Cautions MDAs: Stop Contracting Tax Assessment, Collection, Enforcement To Consultants

Daily Dispatch September 22, 2022

The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government saddled with the responsibility of tax collection. In a Public Notice […]

BUSINESS

National Assembly concerned about long-term borrowings, debts – Gbajabiamila

Daily Dispatch September 21, 2022

Femi Gbajabiamila, the Speaker of the House of Representatives, stated that members of the parliament are worried about the impact that the Federal Government’s ongoing borrowing and rising debt profile will have on Nigeria in the long run. Gbajabiamila bemoaned the enormous deficit in the Federal Government’s projected budget, stating that President Muhammadu Buhari was

BUSINESS

FG, States Accrue N3.28trn Debt In H 1

Daily Dispatch September 20, 2022

The federal government the 36 state governments and the Federal Capital Territory increased their debts by N3.28 trillion in the first six months of the current year. According to the Debt Management Office (DMO), the total debt stock, which is a combination of domestic and external debt, rose from N39.56 trillion at the end of […]