BUSINESS

Iran Finds New Oil Field With 53bn Barrels Of Crude

Daily Dispatch November 10, 2019

Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran’s proven reserves by over a third. The field covers 2,400 square kilometres (926 square miles) and is located in Iran’s southwestern province of

BUSINESS

Godwin Emefiele: Crude oil can never rise above $100 per barrel in our lifetime

Daily Dispatch November 8, 2019

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said that there was no better time to diversify the Nigerian economy than now because the era of crude oil boom was over and that the commodity can never rise above $100 a barrel anymore as Was the case few years ago. Speaking as […]

BUSINESS

Senate to support $10 billion NLNG investment in gas sector

Daily Dispatch November 8, 2019

The Senate is throwing its full weight behind the 10billion dollars Train seven Project investment in the nation’s gas sector, by the Nigeria Liquefied Natural Gas (NLNG). It also urged Nigerians to actively participate in the project which would create 10,000 new jobs and expand gas production capacity by 35 per cent. Senate commendation followed […]

BUSINESS

World billionaires go poorer, lose $388bn

Daily Dispatch November 8, 2019

The world’s richest people became a little ‘poorer’ last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade. Billionaires’ wealth fell by 388 billion dollars globally to 8.539 trillion dollars, the UBS and PwC Billionaires Report […]

BUSINESS

New TIN registration system’ll create tax friendly environment

Daily Dispatch November 8, 2019

Chairman, Joint Tax Board, Mr. Babatunde Fowler, has disclosed that the new National Tax Identification Number (TIN) registration system and consolidated taxpayers’ database would help engender a tax-friendly environment in the country and lay a foundation for less governmental dependence on loans, aids and grants. Fowler, who is also Chairman of the Federal Inland Revenue

BUSINESS

House of Reps probe central bank’s $7 billion to banks from foreign reserve

Daily Dispatch November 8, 2019

The House of Representatives has begun investigation of the non-refund of $7bn withdrawn from Nigeria’s foreign reserves by the Central Bank of Nigeria in 2006 to pay banks and assets managers, which have since not been refunded. The House mandated the Committee on Banking and Currency to investigate “the details of the disbursed funds by […]