BUSINESS

COVID-19: Emirates Airline Gives Staff Unpaid Leave

Daily Dispatch March 3, 2020

Dubai-based airline Emirates is asking its workers to take up to a month of unpaid leave as the coronavirus outbreak forces it and other carriers to cancel flights. The state-owned airline in the United Arab Emirates has more resources than necessary now that it’s scrapped flights to certain

BUSINESS HEALTH

Lafarge says production on course as Covid-19 contacts hits 39

Daily Dispatch March 1, 2020

The Ogun Government and Lafarge Africa have confirmed that contacts in respect of the recorded single case of Coronavirus (Covid-19) has hit 39 from the initial reported 28. This included the driver who picked the infected Italian from an hotel in Ikeja and those who served him food and drink. Contrary to the reports going […]

BUSINESS

FIRS issues deadline for taxpayers to obtain Tax Identification Number

Daily Dispatch February 27, 2020

The Federal Inland Revenue Service (FIRS) has set a deadline for all taxpayers and organisations to obtain Tax Identification Numbers (TINs). The agency expects all documents supporting business transactions to display the TIN before April 12, 2020. This deadline was given by the FIRS in a public notice signed by its Chairman, Muhammed Nami. The notice stated that every

BUSINESS

Okoh to House: Current BPE initiatives aim at impacting on economy positively

Daily Dispatch February 25, 2020

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has disclosed that the current initiatives by the Bureau are aimed at impacting the Nigerian economy positively in the areas of infrastructure development, employment creation and human capital development. Receiving members of the House of Representatives Committee on

BUSINESS INTERNATIONAL NEWS

U.S Election: Stock Markets Will Crash If I Lose Election — Trump

Daily Dispatch February 25, 2020

President Donald Trump of United States said on Tuesday the U.S. stock market will crash if he loses the election this year. During a trip to India, Trump told business leaders stocks will jump higher if he is re-elected, but “if I don’t win you’re going to see a crash as you’ve never seen before.” […]

BUSINESS

CBN sets dollar deposit, withdrawal rules for customers

Daily Dispatch February 23, 2020

The Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollars into their domiciliary accounts but are not allowed to transfer such funds to another party. In a statement, CBN Director, Corporate Communications, Isaac Okorafor, said the apex bank has not  prohibited the acceptance of foreign currency  cash deposits by Deposit Money Banks […]