BUSINESS

Audit Report: Reps Committee summons AGF over MDAs financial accounts

Daily Dispatch September 20, 2022

….. Tackles Heads of MDAs Over Refusal to honour Simmons The House of Representatives Committee on Public Accounts, on Tuesday summoned the Acting Accountant General of the Federation,Mr Okolieaboh Sylva over the failure of his office to lay the 2020 Audit Reports of Ministries, Department and

BUSINESS

Our mandate is to collect taxes, not to grant tax waivers to taxpayers – FIRS

Daily Dispatch September 19, 2022

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has disclosed that the mandate of the Service is to collect taxes that are due to the federation and the Federal Government not to grant tax waivers to any taxpayer in the country. Nami stated this in a swift reaction to the news […]

BUSINESS

NCC, NAICOM, LASG, experts identify importance of media in National Development, seek adoption of AI

Daily Dispatch September 19, 2022

Experts who gathered at the public presentation of Business Journal Newspaper over the weekend in Lagos have identified the important role of the media in national development, urging media practitioners to adopt Artificial Intelligence (AI) to enhance their capacity for sustainable growth and profitability. The Keynote Speaker, Prof. Umar Danbatta, the Executive Vice

BUSINESS

FG grants N16tn waiver to Dangote, Honeywell, 44 others

Daily Dispatch September 19, 2022

The Federal Government has foregone N16.76tn in revenue to tax reliefs and concessions given to large companies between 2019 and 2021. As of the end of 2021, 46 companies had benefitted from various tax incentives and duty waiver schemes while the requests of 186 companies were still pending. These were contained in the tax expenditure statement […]

BUSINESS

Kogi Assembly summons Dangote over alleged purchase of State Cement Company

Daily Dispatch September 18, 2022

Dangote Cement Limited has been asked to appear before the Kogi State House of Assembly once more on Thursday in order to further explain how the organization previously bought Obajana Cement. This is because the Dangote Cement Limited management chose not to come before the House on Saturday in Lokoja. The Speaker of the Kogi […]

BUSINESS

Fuel subsidy removal inevitable to avert public debt crisis – Budget Office

Daily Dispatch September 18, 2022

Director General of the Budget Office of the Federation, Mr Ben Akabueze, said there was a need for the country to take urgent and decisive measures to avert public debt crisis. He said among the decisive measures was the removal of subsidy on Premium Motor Spirit (PMS). Speaking on the topic: “The National Debt Burden: […]