BUSINESS

Publish FOREX beneficiary companies – TUC asks CBN

Daily Dispatch July 25, 2019

The Trade Union Congress has asked the Central Bank of Nigeria (CBN) to publish names of companies benefiting from its foreign exchange policy, to ensure openness and availability for the manufacturing sector. TUC’s President, Mr Quadri Olaleye, made the request in Abuja on Thursday at the

BUSINESS

FIRS tasks technical committee on harmonisation of tax reforms

Daily Dispatch July 23, 2019

The Federal Inland Revenue Service (FIRS), has directed the newly inaugurated Technical Tax Policy Drafting Committee to harmonise the various tax and excise law reforms in the proposed Finance Bill. The FIRS Chairman, Mr Babatunde Fowler gave the directive at the inaugural meeting of Reconstituted National Tax Policy Implementation Committee (NTPIC) in Abuja on Tuesday.

BUSINESS

Again, CBN leaves benchmark lending rate unchanged at 13.5%

Daily Dispatch July 23, 2019

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that all the 11 […]

BUSINESS

Reduce monetary instruments to boost economy, expert advises CBN

Daily Dispatch July 22, 2019

Dr Samuel Nzekwe, a former president of the Association of National Accountants of Nigeria(ANAN) says the country’s economy will get a boost if the CBN Monetary Policy Committee agrees to reduce monetary instruments. Nzekwe said this in an interview with the News Agency of Nigeria(NAN) in Ota, Ogun, on Monday. NAN reports that the meeting […]

BUSINESS

FG partners Siemens to generate 7,000MW of electricity by 2021

Daily Dispatch July 22, 2019

The Federal Government has signed an agreement with German-based company Siemens to generate 7,000 megawatts of electricity. The partnership comes after President Muhammadu Buhari met with German Chancellor, Angela Merkel on August 31, 2018. At the end of the signing, President Muhammadu Buhari urged Siemens, distribution, and transmission companies as well as the

BUSINESS

World Bank engages SMEs in Edo, declares support for Obaseki’s blueprint

Daily Dispatch July 21, 2019

By ABIODUN JIMOH A Senior Economist with the World Bank, Gloria Joseph-Raji, has said the Bank is committed to supporting Governor Godwin Obaseki’s blueprint on developing a vibrant private sector to ensure sustainable development and job creation in the state. Joseph-Raji, who led a World Bank delegation to the state, disclosed this at an interactive meeting with