BUSINESS

Makinde’ll move Oyo from poverty to prosperity through improved IGR—Internal Revenue boss

Daily Dispatch January 27, 2020

The Executive Chairman, Oyo State Internal Revenue Service (OYSIRS), Aremo John Adeleke, has said that the State Governor, Engineer Seyi Makinde is determined to take Oyo State from poverty to prosperity by boosting the Internally Generated Revenue (IGR). Aremo Adeleke, who stated this while

BUSINESS

SGF Task FIRS Boss, Board On Improved Revenue

Daily Dispatch January 27, 2020

The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, has tasked the Executive Chairman of Federal Inland Revenue Service (FIRS), Mr Mohammed M. Nami and the new Board on improved revenue generation to check Federal Government’s worrying reliance on borrowings to fund its annual budget. This is even as the SGF expressed […]

BUSINESS

CBN hikes Banks’ Cash Reserves Ratio to 27.5 percent

Daily Dispatch January 24, 2020

Nigeria’s apex bank, Central Bank of Nigeria, CBN, has increased the Cash Reserves Ratio, CRR, of banks from 22.5 per cent to 27.5 per cent. The alteration was done by the Monetary Policy Committee of the CBN. The Cash Reserve Ratio is the share of a bank’s total deposit that is mandated by the CBN […]

BUSINESS

$25b: Buhari quotes discredited remittance figure by diaspora Nigerians

Daily Dispatch January 19, 2020

How much exactly did Nigerians abroad send home in 2018? President Muhammadu Buhari at a meeting with a select group of Nigerians on Saturday night said the figure was $25 billion and praised them for the huge home remittances. As at today, the World Bank-estimated remittance can fund Nigeria’s 2020 budget, which is $29 billion, […]

BUSINESS

Oriade Council Boss Donates 10 Hectares of Land For International Fish Market

Daily Dispatch January 19, 2020

By ABIODUN JIMOH For donating ten hectares of land for the smooth take off of Specialised Agricultural Produce and Fish International Market at Ijebu-Jesa, the Commissioner for Agricultural and Food Security, Hon.Adedayo Adewole has commended the Chairman, Oriade local government area of State of Osun, Hon.Ezekiel Olubunmi Obeisun. The council boss donation is to

BUSINESS

Buhari names Obiora CBN Deputy Governor

Daily Dispatch January 16, 2020

President Muhammadu Buhari has nominated Dr Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN). If confirmed by the Senate, Dr Obiora, who is an Alternate Executive Director at the Washington DC office of the International Monetary Fund (IMF), will be replacing Dr Joseph Nnanna, who retires on February 2, 2020. […]