BUSINESS

CBN begins e-invoice for importers, exporters February 1

Daily Dispatch January 22, 2022

The Central Bank of Nigeria, CBN, says it will begin e-invoice for imports and exports in the country from February 1, 2022. The apex bank made the disclosure in a circular to all authorised dealers and the general public, and signed by its Director, Trade and Exchange Department, Dr. O. S.

BUSINESS

FIRS to achieve hundred percent automation of tax administration processes

Daily Dispatch January 20, 2022

The Federal Inland Revenue Service (FIRS) has stated that it will achieve a hundred per cent automation of all its tax administration processes with the aim of blocking revenue leakages, thereby revolutionizing revenue generation in Nigeria. The Executive Chairman of the FIRS, Muhammad Nami, disclosed this while speaking as the Special Guest at the Pedabo […]

BUSINESS

FG to inject 10m gas cylinders for sale nationwide

Daily Dispatch January 18, 2022

The federal government says it will inject 10,000,000 cylinders  of the Petroleum Liquified Gas into circulation nationwide to increase access to the commodity. Alhaji Musa Ibrahim, the Managing Director of the Nigeria LPG, made this known during a two day sensitization workshop in Bauchi on Tuesday. He said the cylinders would be distributed nationwide through […]

BUSINESS

Rice pyramids: Price of rice to crash soon, says RIFAN

Daily Dispatch January 17, 2022

The Rice Farmers Association of Nigeria, RIFAN, says plans have been concluded to launch the one million bags of rice paddy stacked as pyramids in Abuja on Tuesday. Shehu Muazu, Chairman Pyramid Sub Committee, RIFAN told the News Agency of Nigeria that the rice pyramids show that local production of food is possible. According to […]

BUSINESS LEAD STORY 2

Buhari to unveil CBN, RIFAN mega rice pyramids in Abuja

Daily Dispatch January 16, 2022

President Muhammadu Buhari will on Tuesday, unveil the Central Bank of Nigeria (CBN) huge Rice Pyramids in Abuja. The News Agency of Nigeria (NAN) reports that the mega rice pyramids project is a collaboration of the CBN with Rice Farmers Association of Nigeria (RIFAN). Information obtained from the apex bank’s official website stated that the […]

BUSINESS

Supreme Court restores GTBank’s appeal against Innoson Motors on N2.4bn judgment debt

Daily Dispatch January 16, 2022

The Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A judgment delivered on Friday by a five-member panel, led by Justice Olukayode Ariwoola held unanimously […]