BUSINESS

Oil price hits $71.28 per barrel

Daily Dispatch March 8, 2021

Oil price has risen to $71.28 per barrel in the international market, for the first time in the year 2021. This is coming on the heels of Thursday’s meeting where the Organisation of Petroleum Exporting Countries (OPEC) and other members resisted the pressure to increase production. Before

BUSINESS

OAGF, JTB constitute joint reconciliation team on PAYE tax remittances

Daily Dispatch March 8, 2021

The Office of the Accountant General of the Federation (OAGF) and the Joint Tax Board(JTB) are to establish a Joint Reconciliation Team to reconcile variation observed in the monthly PAYE tax remittances. Henshaw Ogubike,Director (Information, Press and Public Relations) disclosed in a Statement that th eAccountant General of the Federation, Ahmed Idris FCNA dropped this

BUSINESS

Rice farmers in Kebbi producing 4m tonnes annually – RIFAN

Daily Dispatch March 7, 2021

The Chairman, Rice Farmers Association of Nigeria (RIFAN) in Kebbi, Alhaji Muhammed Sahabi-Augie on Sunday said the total rice output produced annually in the state has reached over four million tonnes. Sahabi-Augie told some students on excursion at the Zauro Rice Pyramid near Birnin Kebbi, that the rise in production was as a result of massive support […]

BUSINESS

New Policy on Remittance Inflow to reduce cost, check Round-Tripping – CBN

Daily Dispatch March 7, 2021

Further to the introduction of its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday, March 8, 2021, the Central Bank of Nigeria has said the move is aimed at providing Nigerians in the Diaspora with cheaper and more convenient ways of sending remittances to Nigeria.   The CBN Governor, Mr. Godwin Emefiele stated this at […]

BUSINESS

FG to hire asset manager for N15trn Infraco fund

Daily Dispatch March 1, 2021

The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth. President Muhammadu Buhari about a fortnight ago, had approved the establishment of the Infraco, a Public-Private Partnership-styled infrastructure

BUSINESS

Dangote grooms Nigerian engineers to manage refinery complex

Daily Dispatch February 28, 2021

The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022. Already, the company has trained several Nigerian engineers in some of the world’s biggest refineries in India and other parts of the world to […]