BUSINESS

OGIRS to focus on ICT automation in achieving 2021 revenue target

Daily Dispatch December 26, 2020

The Ogun State Internal Revenue Service (OGIRS), says it will focus more on Information and  Communication Technology (ICT), automated driven processes of all its various tax activities in order to achieve the N75billion revenue target in 2021. Mr. Anthony Olaleye, the Executive Chairman,

BUSINESS

Nigeria’s stock market closes for Christmas with N2bn loss

Daily Dispatch December 24, 2020

Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration. Specifically, the market capitalization which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion. Similarly, the All-Share Index shed 3.73 points or 0.01 percent to close at 38,800.01 from 38,803.74 recorded on Wednesday.

BUSINESS

FGN bond oversubscribed by N70bn- DMO

Daily Dispatch December 23, 2020

The Debt Management Office (DMO) says a total of N60 billion bond it offered for the month of December had been oversubscribed by more than N70 billion. This is contained in a statement obtained from DMO’s website on Wednesday. “DMO offered a total of N60bn at the FGN Bond Auction of December 2020, which held […]

BUSINESS NEWS

Use Technology To Increase Your Collections, Nami advised States

Daily Dispatch December 22, 2020

The Executive Chairman of Federal Inland Revenue Service, Muhammad Nami, has advised states revenue boards to use technology to address the problem of dwindling revenues in their respective states. He stated this at the Joint Tax Board meeting recently in Abuja. To address the problem of dwindling revenue, the FIRS Chairman “urged states board of […]

BUSINESS

NAIC urges farmers to embrace insurance policies to enhance their produce

Daily Dispatch December 21, 2020

The Nigerian Agricultural Insurance Corporation (NAIC), has urged farmers in the country to key into its various insurance policies to improve the agriculture value chain. Mrs Folashade Joseph, the Managing Director of NAIC, made the call at a sensitisation workshop for farmers in the Federal Capital Territory (FCT) , Abuja on Monday. “By so doing, […]

BUSINESS

Declining Revenue Raises FG’s Deficit To N1.3trn In Q3’20

Daily Dispatch December 21, 2020

The Federal Government (FG) recorded a 42 percent shortfall in revenue collected in the third quarter 2020 (Q3’20) which resulted in deficit spending of N1.29 trillion during the quarter. The deficit spending recorded in the period represents a slight increase when compared with the N1.25 trillion recorded in Q2’20. The Central Bank of Nigeria (CBN) […]