BUSINESS

Nigerian govt to recover N614bn budget support from 35 States

Daily Dispatch August 22, 2019

The Nigerian government has begun talks to finalise the modalities for repayment of N614 billion budget support facilities loaned to 35 states by the Central Bank of Nigeria (CBN). The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this to State House

BUSINESS

NNPC fails to remit N77.92 billion in 2017- NEITI

Daily Dispatch August 22, 2019

Nigerian National Petroleum Corporation (NNPC) under-remitted the sum of N77.92 billion to the Federation Account from Domestic Crude Allocation in 2017, the latest report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. The report, entitled: Pilot Study On Commodity Trading For 2017” which was made available to journalists by Dr.

BUSINESS

FAAC shares N769.523b JULY 2019 revenue to Fed Govt, States and LGAs

Daily Dispatch August 22, 2019

The Federation Accounts Allocation Committee (FAAC) has shared a total of N769.523 billion to the three tiers of government for the month of July 2019. The N769.523 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue. The Committee announced that as at 22nd August 2019, the balance in the Excess […]

BUSINESS

Kaduna electric, four communities agree on bills payment threshold

Daily Dispatch August 21, 2019

Femi Olaojo The Management of Kaduna Electric and leaders of four communities under its Rigasa Area Office have agreed on the minimum threshold for the latter’s monthly bills’ payment while the former will accord the communities priority in power supply. The Area Manager of the Rigasa Area Office of the Company, Malam Musa Usman disclosed […]

BUSINESS

Dangote Cement gives out brand new saloon car, other items to promo winners in Enugu

Daily Dispatch August 21, 2019

The Dangote Group Plc has given out a new brand saloon car, motorcycle, refrigerator and two television sets to the winners of the ongoing Dangote Cement promo in Enugu. A senior Director in Dangote Cement Plc, Emmanuel Ikeazubuor, gave out the prizes on Wednesday in Enugu in the ongoing cement promo of the company. Ikeazubuor […]

BUSINESS

We exceeded targets, Fowler replies Kyari’s query

Daily Dispatch August 19, 2019

The Executive Chairman of the Federal Inland Revenue Services (FIRS) Babatunde Fowler has replied to a query by the Chief of Staff to the President Abba Kyari. He insisted that the Service’s tax collection exercise actually surpassed past efforts. Fowler, in his reply to the Presidency’s query, said the Service exceed its target in non […]