BUSINESS

Politicians want fuel subsidy to continue at all cost, says Tinubu

Daily Dispatch July 2, 2019

Wale Tinubu, managing director of Oando Plc, says politicians want the subsidy on crude oil products to continue at all cost. Speaking on Tuesday at the ongoing Oil and Gas Conference in Abuja, Tinubu called for deregulation of the sector adding that the federal government needs to cease

BUSINESS

New Tax ID: FG directs CBN, others to synergise with JTB

Daily Dispatch July 1, 2019

The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records. Vice President Yemi Osinbajo stated this while inaugurating the New National Tax Identification Number (TIN)

BUSINESS

TCN explains Sunday’s system collapse

Daily Dispatch July 1, 2019

The Management of the Transmission Company of Nigeria says the National Grid experienced a system collapse on Sunday morning due to high voltage. This, it said, was as a result of massive drop of load by the electricity Distribution Companies. A statement signed by the General Manager Public Affairs of TCN, Ndidi Mbah, said the […]

BUSINESS

NNPC cautions against disruption in fuel supply

Daily Dispatch June 27, 2019

Nigerian National Petroleum Corporation (NNPC) has cautioned all stakeholders in the downstream petroleum sector to avoid any act that could undermine the seamless supply and distribution of petroleum products in the country. The corporation disclosed this in a statement signed by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division, in Abuja, on […]

BUSINESS TOP STORIES

Nigeria not a fragile state – World Bank

Daily Dispatch June 24, 2019

The World Bank Group on addressing Fragility, Conflict and Violence (FCV) has said that Nigeria is not a fragile state even with the current security challenges. Mr Amara Konneh, FCV Adviser made this know on Monday during a meeting by the group to address fragility, conflict and violence affecting some countries. He said the World […]

BUSINESS

CBN unveils 2019-2024 policy direction

Daily Dispatch June 24, 2019

Governor of the Central Bank of Nigeria, Godwin Emefiele, has listed five things that the apex bank hopes to achieve over the next five years. He stated the five things while presenting the Monetary Policy roadmap for his 2019-2024 new term in office on Monday at the CBN Headquarters in Abuja. “Our priorities at the […]