BUSINESS

Reps inspect Abuja airport as domestic flights resume Wednesday

Daily Dispatch July 6, 2020

Ahead of the resumption of domestic flights on Wednesday, the House of Representatives Committee on Aviation, on Monday, inspected the Nnamdi Azikiwe International Airport Abuja to inspect the level of preparedness of the facility. Chairman of the committee, Nnolim Nnaji, told our correspondent

BUSINESS LEAD STORY 2

AMCON finally takes possession of companies of the man alleged to liquidate Skye Bank over unpaid N240b debt

Daily Dispatch July 3, 2020

The Asset Management Company of Nigeria (AMCON) on Thursday, July 2, finally took possession of Pan Ocean Oil Corporation Nigeria Limited, and all its affiliate companies owned by the billionaire oil mogul, Chief Festus Fadeyi, over unpaid N240 billion loaf debt that alleged to liquidated Skye Bank. This medium recalls that, Justice Mohammed Liman of […]

BUSINESS TOP STORIES

FAAN rolls out fresh guidelines as domestic travel commences July 8

Daily Dispatch July 3, 2020

Federal Airports Authority of Nigeria(FAAN) has released new procedural guidelines for air travelers and other airport users ahead of commencement of domestic flight July 8, 2020. Its spokesperson and General Manager Public Affairs; Mrs Henrietta Yakubu who disclosed this said the new guidelines were part of the Standard Operating Procedure (SOP) aimed at protecting all

BUSINESS

FG moves to recover 5-year stamp duty backlog

Daily Dispatch June 30, 2020

The Federal Government has moved to recover a backlog of unremitted revenues accruing to it through the Stamp Duty Tax in the last six years. The government disclosed this on Tuesday at the official inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the Launch of the FIRS Adhesive Stamp […]

BUSINESS

African Development Bank ranks 4th on global index of transparency

Daily Dispatch June 24, 2020

Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of transparency along with other world-class institutions such as

BUSINESS

FIRS Clarifies Changes Introduced To Nigerian VAT Regime By The Finance Act 2019

Daily Dispatch June 21, 2020

The Value Added Tax Act1 (“VAT Act”) was one of the seven (7) principal tax statutes amended by the Finance Act, 2019 (“Finance Act”). Being a tax chargeable on the supply of all non-exempt goods and services, VAT affects more transactions than other taxes and, consequently, attracts wide interest. The scope of some of the amendments […]