BUSINESS

Hajj scam: EFCC detains Medview Airline boss

Daily Dispatch February 1, 2022

The Economic and Financial Crimes Commission, EFCC, has taken into custody the Managing Director, Medview Airline, Mr Muneer Bankole. He was reportedly detained at the headquarters of the EFCC in Jabi, Abuja, on Monday following an invitation by the anti-graft agency. A source familiar with the

BUSINESS

FirstBank’s SME Connect Portal Could be the difference for SMEs in Nigeria

Daily Dispatch January 31, 2022

Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to […]

BUSINESS

FIRS collected N6.41tn tax revenue in 2021– Nami

Daily Dispatch January 28, 2022

Nigeria’s tax receipts in 2021 rose by 29.4% to N6.41tn ($15.5 billion), the head of Federal Inland Revenue Service (FIRS), Muhammad Nami, said on Thursday. Nami said the final number had come in slightly higher than the initial forecast of N6.40tn, thanks to digitization which facilitated collections in 2021. Value-added taxes contributed the most followed […]

BUSINESS

CBN announces reduction of feesfor e-banking

Daily Dispatch January 28, 2022

The Central Bank of Nigeria (CBN) announced a reduction of fees for electronic banking operations in its published guidelines to banks and other financial institutions on Thursday, 27 January 2022. The guideline was signed by Chibuzor Efobi, for the Director, Financial Policy and Regulation Department of CBN. The guideline included review of other bank charges […]

BUSINESS

Real reasons Buhari deferred fuel subsidy removal – BMO

Daily Dispatch January 28, 2022

President Muhammadu Buhari’s decision to defer the removal of fuel subsidy has nothing to do with the 2023 elections. Rather, the President took the decision in the interest of the nation and the masses, according to the Buhari Media Organisation (BMO). In a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, the […]

BUSINESS

FG revokes marginal oil fields licences of 33 firms for failure to pay signature bonus

Daily Dispatch January 28, 2022

NO fewer than 33 oil companies lost their right to the Marginal oil fields on Thursday for failing to meet up with the 45 days deadline required to pay the signature bonus for the fields. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) gave the hint at a meeting at a meeting with the awardees in […]