BUSINESS

CBN asks banks to back T-bills bid with demand

Daily Dispatch July 19, 2019

The Central Bank of Nigeria (CBN) has asked banks to back all Treasury Bills bids with customer demand, The Nation has learnt. The directive is part of the bank’s plan to improve lending to domestic economy. In the past, banks have bought government debt rather than assume risk by lending.  The

BUSINESS

JTB targets 45m taxpayers by Q3 – Fowler

Daily Dispatch July 18, 2019

The Joint Tax Board (JTB) Chairman, Mr Tunde Fowler, on Thursday unveiled the South West Regional National Tax payer Identification Number (TIN). Fowler said, at the inauguration ceremony of the new TIN registration system and consolidated national taxpayers’ database in Lagos, the new system would promote a tax friendly environment. Fowler, also the Executive Chairman,

BUSINESS

Breaking: Renault and Nigeria’s Coscharis Group form partnership

Daily Dispatch July 18, 2019

French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday. The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October. “With a

BUSINESS

ActionAid urges FG to promote agro-ecology in 2020 budget

Daily Dispatch July 17, 2019

ActionAid Nigeria, an NGO and stakeholder in the agriculture sector has urged the Federal Government to include agro-ecology in the 2020 agriculture budget to guard against unpredictable climate change. Mr Azubuike Nwokoye, Agricultural Programme Coordinator for ActionAid Nigeria, made the appeal on Wednesday in Lokoja at a two-day stakeholders consultative meeting on 2020

BUSINESS

CBN injects $210m in forex market

Daily Dispatch July 16, 2019

The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday. The CBN Director of Corporate Communications Department, Mr. Isaac Okorafor, said this in a statement in Abuja. He said the figures released by CBN indicated that authorized dealers in […]

BUSINESS

NBS: Kogi residents paid highest petrol price in June

Daily Dispatch July 16, 2019

The National Bureau of Statistics says Kogi residents paid the highest price for Premium Motor Spirit popularly known as petrol in June. The bureau said this in its “Premium Motor Spirit (Petrol) Price Watch for June 2019’’, posted on its website. According to the publication, residents of Kogi paid average of N147.91 per litre for […]