BUSINESS

MTN: We’ve paid N3.5trn taxes, N2.5trn dividends

Daily Dispatch April 27, 2022

MTN Nigeria had paid N3.5 trillion as levies and taxes to government since its inception. The Chief Executive Officer (CEO) of MTN, Mr. Karl Toriola, who said this in his address at the ‘Brunch with Karl’ at Lagos Business School, on Wednesday, also said that the organisation had committed over

BUSINESS

Polaris Bank kicks off sensitization roadshow for non-oil exporters

Daily Dispatch April 25, 2022

Polaris Bank has commenced a nationwide business forum to sensitize exporters on inherent benefits of Central Bank of Nigeria’s, CBN, RT200 non-oil export proceeds repatriation rebate scheme. This is with the aim of realising Nigeria’s quest to earn the needed foreign exchange; diversify its economy and make locally-produced goods competitive globally. The CBN scheme,

BUSINESS

DMO auctions three new FGN bonds valued at N225bn

Daily Dispatch April 23, 2022

The Debt Management Office, DMO, has offered three new Federal Government of Nigeria, FGN, bonds valued at N225 billion for subscription through auction in April. They are a N75 billion FGN bond at 13.5 per cent interest rate, due in March 2025 (10 year re-opening) and a N75 billion FGN bond, due in April 2032 […]

BUSINESS

We’re tackling challenges that undermine businesses, investments, Buhari tells Dangote Group

Daily Dispatch April 22, 2022

President Muhammadu Buhari Friday in Abuja urged entrepreneurs and investors to channel ideas and resources into areas of the economy that stimulate growth, with long-term effect on job creation and poverty reduction, assuring that fixing infrastructure remains government’s top priority. Receiving Chairman of Dangote Industries Ltd, Alhaji Aliko Dangote, and Board members

BUSINESS

Jaiz Bank posts N4.37bn profit in 2021

Daily Dispatch April 21, 2022

Jaiz Bank Plc, the premier non-interest bank in Nigeria, has released its audited financial results for the period ended 31 December, 2021. The results as released to the Nigerian Exchange Group, showed a 43% growth in Profit before Tax from N3.07billion in December 2020 to N4.37 billion in December 2021. This is against the backdrop […]

BUSINESS

Nigeria must evolve innovative ways in oil, gas exploration – Sylva

Daily Dispatch April 20, 2022

For Nigeria to continue to be relevant as a major player in the global oil and gas industry, it must come up with innovative ways of exploiting and exploring its abundant oil and gas. In his opening remarks at the stakeholders’ consultation on draft regulations on implementation of the Petroleum Industry Act, on Wednesday in […]