BUSINESS TOP STORIES

End SARS: FIRS Grants Further Tax Palliatives in View of Recent Business Disruption

Daily Dispatch November 11, 2020

Following the disruption to businesses which followed the recent protest across Nigeria, the Federal Inland Revenue Service (FIRS) has issued a public notice (the Notice) granting an additional window for obtaining a waiver of interest and penalty on outstanding tax liabilities resulting from

BUSINESS

Report: FG gives Dangote cement go-ahead to resume export through land borders

Daily Dispatch November 11, 2020

The federal government has authorized Dangote Cement to resume its exports across the country’s land borders, Bloomberg report. The news agency cited its source, Michel Puchercos, chief executive officer(CEO) of Dangote Cement, as saying the company resumed cement exportation to Niger and Togo for the first time in 2020 “through authorisation given by this administration”.

BUSINESS

FG Designates Ebonyi As Export Processing Zone

Daily Dispatch November 10, 2020

For the speedy take-off, the Ebonyi Government has allocated a parcel of land to the Nigeria Export Processing Zone Authority (NEPZA), for the project. Gov. Dave Umahi, who handed over the allocation letter to the Managing Director of the Authority, Prof. Adosoji Adasugba in Abakaliki on Tuesday, expressed the hope that the project would stimulate […]

BUSINESS

Breaking: SEC moves to delete 157 capital market firms

Daily Dispatch November 10, 2020

The Securities and Exchange Commission (SEC) has commenced process that may lead to cancellation and withdrawal of certificates of not less than 157 inactive capital market firms. In a circular dated November 10, 2020 and titled “Pre-Notice on Cancellation/Withdrawal of Certificates of Registration of Inactive Capital Market Operators,” SEC stated the 157 capital market

BUSINESS LEAD STORY 2

CBN opposes bid to remove Arabic from Naira note

Daily Dispatch November 9, 2020

The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. It told the Federal High Court it would cost a ‘colossal sum of money’ to discard the existing notes and print new ones without Ajami. The CBN said Ajami is not a symbol or mark […]

BUSINESS

Dangote Cement Posts N761.4bn Revenue In Nine Months

Daily Dispatch November 7, 2020

Dangote Cement Plc on Saturday posted a revenue of N761.4 billion in nine months ending September 30, 2020, indicating a 12 percent increase over revenues for the corresponding period in 2019, according to a  statement by Mr Michel Puchercos, Group Chief Executive Officer, Dangote cement. The statement made available to the News Agency of Nigeria […]