BUSINESS

On the Podium with Tobi Amusan

Daily Dispatch August 11, 2022

By Azu Ishiekwene When a proud Oluwatobiloba Ayomide Amusan climbed the podium in faraway Eugene, Oregon in the United States, as the World Champion in Women 100m Hurdles, not a few equally proud Nigerians mounted with her in spirit.  She had just set a new World Record at 12.12s

BUSINESS

Shell Pays $1.9bn Royalty, Taxes To Nigeria In Two Years

Daily Dispatch August 10, 2022

Oil giant spends $1.6bn on contracts to indigenous firms as Country Chair, Osagie Okunbor, expresses strong ties with Nigeria Shell Companies in Nigeria has paid $1.886 billion ($1.9bn approximate) on royalty and taxes to the Nigerian government in the two years period of 2020 and 2021. The oil giant also said it spent over $1.6 […]

BUSINESS

MDAs, states, LGAs failed to remit over N1trn tax – FIRS

Daily Dispatch August 10, 2022

The Federal Inland Revenue Service has disclosed that the Ministries, Departments and Agencies (MDAs) failed to remit over N1 trillion in taxes they collected on behalf of the FIRS. FIRS noted that states and Local Government Areas (LGAs) also failed to remit certain taxes collected in their areas of jurisdiction. “These include VAT (Value Added […]

BUSINESS

America’s Newest Export: Impeachment Proceedings

Daily Dispatch August 10, 2022

And as in Washington, it’s damaging democracy everywhere By Saul Anuzis First, two impeachment attempts against former President Donald Trump, and now the Jan. 6 proceedings to criminalize a president who isn’t even in office. All over the world people look on and think America is having an episode. But politicians all over the world […]

BUSINESS

We’re not auctioning 7000 cars–Customs

Daily Dispatch August 9, 2022

The Nigeria Customs Service(NCS), has distanced itself from rumours making the rounds that a special auction of over 7000 cars would soon be held by the Service. The Public Relations Officer of Customs, Deputy Comptroller Timi Bomodi, made this known in a statement signed on behalf of the Comptroller General of Customs in Abuja. He […]

BUSINESS

Oil Theft: Nigeria loses 400,000 barrels daily, says Sylva

Daily Dispatch August 9, 2022

The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this on Monday, when he paid a courtesy visit to Gov. Hope Uzodimma of Imo at the Government House, Owerri. He described the development as a “national emergency”. He […]