BUSINESS

Why IMF `supports’ Nigeria’s border closure – Ahmed

Daily Dispatch October 20, 2019

The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders because it understands the action is not punitive. Addressing newsmen in Washington on Sunday, Ahmed explained that the measure was intended to restore

BUSINESS

CBN opposes MTN’s planned charges for USSD transactions

Daily Dispatch October 20, 2019

The Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from Oct. 21. The Governor of CBN, Mr. Godwin Emefiele, gave the bank’s position at a news briefing by the Nigerian delegation to the just-concluded World Bank/IMF Annual Meetings, in Washington on […]

BUSINESS

BPE 2019 budget revenue generation hits N135b

Daily Dispatch October 20, 2019

The Bureau of Public Enterprises (BPE) has so far contributed N135bn out of the N220bn it is expected to generate for the 2019 fiscal budget, Director General of the privatisation agency, Mr. Alex A. Okoh has revealed. The Bureau made this known in a statement in Abuja on Sunday. Speaking at an interactive forum with […]

BUSINESS

Border closure: IMF backs Nigeria

Daily Dispatch October 19, 2019

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington. He was responding […]

BUSINESS

Oyo targets N20Billion monthly IGR before Makinde’s ends first term – Olatubosun

Daily Dispatch October 18, 2019

Oyo State government has set a target of hitting 20 billion naira internally-generated revenue (IGR) before the end of the governor Seyi Makinde’s first term in office. The State’s IGR was reported to be between #2billion and #2.5billion during the tenure of the former governor, Abiola Ajimobi. This was revealed by the State Commissioner for […]

BUSINESS

FG to introduce excise duties on soft drinks – Zainab Ahmed

Daily Dispatch October 17, 2019

The Federal Government is considering introducing excise duties on carbonated drinks, according to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Ahmed gave the indication in an interview with newsmen on Thursday on the sidelines of the ongoing World Bank/IMF Annual Meetings in Washington DC, United States. She said the idea was […]