BUSINESS

Income tax: FIRS inaugurates online portal for financial institutions

Daily Dispatch September 6, 2020

The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country. FIRS Director, Communications and Liaison, Mr Abdullahi Ahmad, said this a statement in

BUSINESS

CBN freezes Baba Ijebu, other companies’ bank accounts

Daily Dispatch September 5, 2020

The Central Bank of Nigeria has frozen the bank accounts of 38 Nigerian companies. This is as scarcity of dollars at the parallel market during the week forced the naira down to N465 against a United States dollar. Nigeria is presently facing one of its biggest dollar crunch in recent years with the impact hurting […]

BUSINESS

Emirates set to resume flight to Lagos, Abuja

Daily Dispatch September 5, 2020

Emirates has announced that passengers’ service to Lagos and Abuja would resume September 7 and 9 respectively. This is as the carrier begins to reopen its flight network which was affected by the COVID-19 pandemic with Nigeria also resuming international flight operation on Saturday. According to a statement released by the airline operator, Emirates flight […]

BUSINESS

DPR generates N673.7bn revenue in 1st half of 2020

Daily Dispatch September 2, 2020

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year. Its Spokesman, Paul Osu, said in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this during the visit of the Federation Allocation Accounts Committee (FAAC) Post-mortem Sub-Committee to the department on […]

BUSINESS

UBA releases half year audited account, paying 17K interim dividend

Daily Dispatch September 2, 2020

Gross earnings for United Bank for Africa grew to N300.6 billion in the first half of this year despite the challenges posed by COVID-19 pandemic. For the same period last year, earning was N294 billion. The bank said it is paying shareholders an interim dividend of N0.17K per share. According to the bank’s audited account […]

BUSINESS

Polaris Bank introduces Target Savings Account

Daily Dispatch September 1, 2020

…admonish Nigerians To Strengthen Their Savings Culture Polaris Bank has launched ‘Polaris Target Savings Account’ to help Nigerians imbibe healthy savings culture as a means to building a strong financial base. The Bank in a statement released at the weekend quoting its Group Head, Products & Market Development, Mrs Adebimpe Ihekuna said “The savings