BUSINESS

AfDB’s $538m Agro-Zones project will address Nigeria’s poverty, forex challenges – Official

Daily Dispatch December 16, 2021

The African Development Bank (AfDB) says the newly launched Agro-Industrial Processing Zones in Nigeria has the potential to solve the country’s poverty, hunger and foreign exchange challenges. In an interview with the News Agency of Nigeria (NAN), Prof. Banji Oyelaran-Oyeyinka, Special Adviser

BUSINESS

Buhari to attend Turkey-Africa partnership summit in Istanbul

Daily Dispatch December 16, 2021

President Muhammadu Buhari will on Thursday leave Abuja for Istanbul, Turkey to attend the third Turkey-Africa Partnership Summit, hosted by President Recep Tayyip Erdogan of the Republic of Turkey. According to the organisers, the theme of the Summit is ‘‘Enhanced Partnership for Common Development and Prosperity’’ and the agenda includes reviewing the cooperation between

BUSINESS

NNPC mulls crashing cooking gas price

Daily Dispatch December 14, 2021

Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, has  attributed the high price of Liquefied Petroleum Gas (LPG) to the rising price of crude oil and its derivatives at the world market. Kyari stated this at the inauguration of the Emadeb Energy Services Limited’s 120MT LPG Storage and Bottling […]

BUSINESS

Our tax system must work for every Nigerian — FIRS Boss

Daily Dispatch December 13, 2021

The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. This was the position of the Federal Inland Revenue Service (FIRS) disclosed by its Executive Chairman, Muhammad Nami to journalists after a stakeholder engagement on the Finance Bill 2021, Monday at the House of Representatives, Abuja. “Our […]

BUSINESS

Nigeria regains top crude oil production spot in Africa – OPEC

Daily Dispatch December 13, 2021

Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of the Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December which was obtained by the News Agency of Nigeria (NAN) on […]

BUSINESS

FG to introduce more taxes next year

Daily Dispatch December 13, 2021

The Minister of Finance,  Zainab Ahmed says there might be introduction of new tariffs and levies in 2022 as the economy was now on a recovery path. Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance on Monday in […]