BUSINESS

Foreign Reserves Adequate For Seven Months Imports- CBN

Daily Dispatch January 13, 2021

The Central Bank of Nigeria, CBN, has indicated that the country’s foreign exchange reserves at the current level of about USD35 billion would cover seven months import needs of the economy. This is contained in the apex bank’s 2020 economy review and 2021 outlook it has just released. In the

BUSINESS

New Nigerian Airline, Green Africa Airways, To Begin Operations

Daily Dispatch January 13, 2021

Nigeria’s air transport is set to experience a revolution as a proposed low-cost carrier – Green Africa Airways – is set to commence operations. It has already reached the final stage of certification. Regulatory sources hinted that promoters of the carrier are putting finishing touches to secure the Air Operator’s Certificate (AOC) from the Nigerian […]

BUSINESS

Nigeria Sees Inflation At 11.95% By End-2021 From 14.89% Last Year

Daily Dispatch January 12, 2021

Nigeria expects inflation to decline to 11.95% by end-2021 from 14.89% last year, Finance Minister Zainab Ahmed said on Tuesday, adding that the government will work on reducing food prices and the high cost of doing business. She said inflation would still be above the government’s single-digit target. Inflation has been in double digits for […]

BUSINESS

FIRS boss, Muhammad Nami explains why the agency created additional 35 Audit Units

Daily Dispatch January 11, 2021

The Executive Chairman, FIRS, Mr. Muhammad Nami, disclosed that last year the agency created 35 additional Tax Audit Units in the country. Nami who made the disclosure on Monday while speaking at“Workshop on Effective Audit of Multinational Corporations for Domestic Revenue Mobilisation in Nigeria,” the audit units were created to stem illicit financial flow out […]

BUSINESS

Polaris Bank to splash N26m to customers in Savings Promo

Daily Dispatch January 11, 2021

Polaris Bank is sparking up positive outlook for the new year as it plans to reveal the first set of winners of its on-going nationwide savings promotional campaign, ‘Save & Win’ in February. A handsome N26million is on offer from the Bank for lucky customers to pocket. Updates from branches of Polaris Bank across Nigeria […]

BUSINESS

US dollars payout: Customers commends Polaris Bank

Daily Dispatch January 7, 2021

Polaris Bank has continued to receive plaudits from cross section of customers since it commenced payment of US dollars to beneficiaries of money transfer in line with Central Bank of Nigeria’s (CBN) recent payout policy directive.  The Bank noted, shortly after it sent out notices to customers that beneficiaries of money transfer who received their […]