BUSINESS

NCDMB Partnering Shell, ExxonMobil, NAOC in Oil, Gas Parks – Wabote

Daily Dispatch July 2, 2022

Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme (NOGaPS),

BUSINESS

VAT row: FIRS wins at Appeal Court

Daily Dispatch July 2, 2022

The Court of Appeal, sitting in Lagos on Friday has upheld the appeal filed by the Federal Inland Revenue Service (FIRS), against the Lagos Hotel Owners Association of Nigeria.The Court of Appeal set aside the Federal High Court judgment in favor of the Association. In 2019, the Association had gotten a judgment from the Federal […]

BUSINESS

FEC approves N3.8trn annually to bolster non-oil revenue

Daily Dispatch June 29, 2022

The Federal Executive Council (FEC) has approved reforms to shore up the non-oil revenue to N3.8 trillion and oil revenue to N160 billion annually. NaijaBlitzNews.com reports that Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after the FEC meeting on Wednesday […]

BUSINESS

Again, NNPC fails to remit monies to federation account in May as petrol subsidy hits N1.27trn

Daily Dispatch June 27, 2022

The inability of the Nigerian National Petroleum Company Limited (NNPC) to carry out its statutory obligations to the federation continued for the fifth month in May, with the firm now recording a N704 billion deficit for the year thus far. In its latest monthly presentation to the Federation Account Allocation Committee (FAAC), the national oil […]

BUSINESS

First Bank launches single-digit loan for female entrepreneurs

Daily Dispatch June 27, 2022

First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan) a single-digit loan scheme, targeted at female entrepreneurs. Mrs Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, made the announcement in a statement on Sunday in Lagos. Ani-Mumuney said that the scheme was exclusively designed to put women […]

BUSINESS

Fuel: Regular supply of product will no longer be guaranteed -Marketers

Daily Dispatch June 24, 2022

Some members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, in the South-East say they will no longer guarantee the supply of products at the approved pump prices. The marketers spoke in separate interviews with the News Agency of Nigeria, NAN, in Awka on Thursday. They said that they could not sustain the availability of the […]