BUSINESS

Fuel scarcity: Nigeria now has 1.9bn litres of petrol —Minister

Daily Dispatch March 9, 2022

The Minister of State for Petroleum Resources, Mr Timipre Sylva, on Wednesday, said Nigeria now has 1.9 billion litres of petrol in stock, capable of lasting the country for 32 days. He made this known in Abuja while updating the Federal Executive Council in a session presided over by Vice

BUSINESS

FIRS offers concession to taxpayers with outstanding foreign currency tax liabilities

Daily Dispatch March 8, 2022

Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022, this is according to a Public Notice released by the Service and signed by the Executive […]

BUSINESS

Relief as NNPC releases additional 381.8 million litres of fuel

Daily Dispatch March 7, 2022

The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February 21 to 26, 2022, seen on Sunday, […]

BUSINESS

Oil, gas coys owe federation accounts N1.32trn in 2020 – NEITI

Daily Dispatch March 7, 2022

The Nigeria Extractive Industries Transparency Initiative (NEITI, said oil and gas companies liabilities to the Federation Accounts as at Dec. 31, 2020 was N1.32 trillion. Dr Orji Ogbonnaya Orji, the Executive Secretary, NEITI made this known on Monday in Abuja at the public presentation of reports on Oil, Gas and Mining as well as Fiscal […]

BUSINESS

Nigeria Air: FG opens bid to private partners

Daily Dispatch March 7, 2022

The Federal Government has issued the request for proposal to intending private investors on National Carrier. In a statement shared on the official Twitter handle of the Aviation Ministry on Monday, the Federal Government said the move is part of efforts towards diversification of the economy and to promote economic growth. The statement also added […]

BUSINESS

11th Ogun International Trade Fair holds March 25

Daily Dispatch March 4, 2022

The 11th edition of Gateway International Trade fair, scheduled to hold between March 25-April 4,2022. President of Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCIMMA), Alhaji Wasiu Olaleye disclosed this at prèss conference held at the Moshood Abiola International Tradefair Complex, in Abeokuta,Ogun State Capital. Alhaji Olaleye who said the theme