BUSINESS

DPR reinforces revenue collection channels

Daily Dispatch September 22, 2020

The Department of Petroleum Resources (DPR) says it will continue to use its regulatory instruments to enhance revenue collection for the Federal Government. DPR’s Director, Mr Sarki Auwalu made this known in a statement issued on Tuesday in Lagos. Auwalu said the DPR, as a revenue

BUSINESS

Yahaya Bello suspends management of KGIRS

Daily Dispatch September 22, 2020

Gov. Yahaya Bello of Kogi has suspended the management of the State Internal Revenue Service with immediate effect. The Chief Press Secretary to the Governor, Mr Onogwu Muhammed, said this in a statement on Tuesday in Lokoja. Muhammed said that the suspension was due to alleged violation of corporate governance in the service as revealed […]

BUSINESS

FG spends N8.9t on subsidy in 10 years – PPPRA

Daily Dispatch September 21, 2020

By NAN The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. The agency disclosed this in a document on subsidy payment released in Abuja on Monday. It said that the subsidy was paid to oil marketers and the Nigerian […]

BUSINESS

How Kaduna attracted $2.61bn FDI in six months – Oxford report

Daily Dispatch September 21, 2020

A new report by Oxford Business Group (OBG) has revealed how Kaduna State, Northwest Nigeria attracted $2.61 billion Foreign Direct Investment (FDI) in the first six months of 2020. The report was produced in partnership with the Kaduna Investment Promotion Agency (KADIPA) on the occasion of the 5th edition of the Kaduna Economic and Investment Summit […]

BUSINESS

Group wants NNPC to champion contract transparency in extractive industry

Daily Dispatch September 21, 2020

The Contract Transparency Network (CONTRANET) a civil society network, has urged the Nigerian National Petroleum Corporation (NNPC) to champion the implementation of contract transparency in the extractive value chain in line with Extractive Industries Transparency Initiative (EITI) standards. The group disclosed this in a communique on Monday, signed by all members and

BUSINESS

Financial expert advises CBN on interest rates as MPC holds

Daily Dispatch September 21, 2020

By NAN As CBN holds its 275th quarterly Monetary Policy Committee (MPC) meeting on Monday, a Financial expert, Mr Okechukwu Unegbe called for reduction of lending rates by banks to encourage investment. Unegbe, who is a Past President of Chattered Institute of Bankers of Nigeria (CIBN) made the call in an interview with News Agency […]