BUSINESS

Abuja airport to start automated pay car park on Sept. 29

Daily Dispatch September 7, 2022

MR Kabir Mohammed, the Manager of the Nnamdi Azikiwe International Airport, Abuja (NAIA), on Tuesday in Abuja said the airport would commence automated pay car park on Sept. 29. Mohammed, who made this known, while speaking with the News Agency of Nigeria (NAN), stated that digitisation of the

BUSINESS

CBN moves to recover over N5bn owed under Anchor Borrowers’ Programme

Daily Dispatch September 7, 2022

The Central Bank of Nigeria (CBN), has directed NIRSAL Micro Finance Bank Limited (NMFB) to recover all non-performing intervention loans granted to beneficiaries under the Anchor Borrowers’ Programme (ABP). The Anchor Borrowers’ Programme is a CBN intervention scheme, a single digit Loan, established by the Federal Government in 2015 for the purpose of boosting the […]

BUSINESS

Buhari, Osinbajo, Sanwo-Olu, Emefiele, other dignitaries billed for CIBN’s 15th Annual Banking & Finance Conference in Abuja

Daily Dispatch September 5, 2022

President Muhammadu Buhari, Vice President Yemi Osinbajo, Governor Babajide Sanwo-Olu of Lagos State, Mrs Zainab Ahmed, the Minister of Finance are among the top dignitaries billed to attend the 15th Annual Banking and Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN). The two-day Conference scheduled to hold at theTranscorp Hilton Hotel,

BUSINESS

NNPC: Why FG still pays fuel subsidy…. Says petrol to sell for N462 per litre without subsidy

Daily Dispatch September 4, 2022

The Nigerian National Petroleum Company Limited has again justified the continued payment of fuel subsidy, saying petrol would have sold for N462 per litre without subsidy. The company disclosed that it is currently paying N297 subsidy on every litre of Premium Motor Spirit, commonly known as petrol, that is sold in the country. Group General […]

BUSINESS

VAT for Q2 stood at N600.15bn — NBS

Daily Dispatch September 4, 2022

The National Bureau of Statistics (NBS), says the aggregate Value Added Tax (VAT) was reported at N600.15 billion for Q2 2022. This is according to the VAT Q2 2022 Report released in Abuja on Saturday. According to the report, this shows a growth rate of 1.96 per cent on a quarter-on-quarter basis from N588.59 billion […]

BUSINESS

How CBN lifts Nigeria’s economy through N4.4trn intervention funds

Daily Dispatch September 3, 2022

As part of its ongoing efforts in ensuring that the Nigeria economy is diversified away from oil, the Central Bank of Nigeria (CBN) has disbursed a cumulative total of N4.4 trillion in intervention funds to the private sector as of July 2022. The figure, which is contained and extracted from the official statement of the […]