BUSINESS

Airtel Share crisis: O&O Network appeals court order to deposit N22.5b

Daily Dispatch March 21, 2019

O&O Network has filed a notice of appeal against the ruling of the Federal high court ordering it to deposit N22.5 billion with the Chief Registrar of the court pending the determination of the substantive suit. The presiding judge Mojisola Olatoregun, stated that the sanctity of the court

BUSINESS

FIRS denies alleged plan to increase VAT

Daily Dispatch March 20, 2019

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja. The Minister of Budget and National […]

BUSINESS

Abuja Disco promises uninterrupted power supply in Niger

Daily Dispatch March 20, 2019

The Abuja Electricity Distribution Company (AEDC) has pledged to supply 12 hours uninterrupted electricity to Minna and its environs. The action is part of agreement reached between the state government and the Abuja Electricity Distribution Company which took place at company’s Headquarters in Abuja. Speaking after the meeting, the Deputy Governor of Niger state and […]

BUSINESS

NJ Ayuk calls for industry collaboration on local content development and improved governance

Daily Dispatch March 20, 2019

Centurion CEO and Executive Chairman of the African Energy Chamber, NJ Ayuk, is leading an industry delegation to Nigeria this week to meet various oil industry players. On landing in Lagos, he called for more industry collaboration on key issues pertaining to Nigeria’s oil & gas industry, including local content development, the signing of the […]

BUSINESS

MTN: Group demands N500m compensation for linking customer’s line to fraudster

Daily Dispatch March 20, 2019

A human Rights organization, under the aegis of Civil Rights Realisation and Advancement Network (CRRAN) has petitioned communication giant MTN, over its alleged linking of the phone line of one  Mrs. Ifeoma Igbogbahaka to a notorious fraudster under the watch lists of the Economic and Financial Crimes Commission EFCC, demanding for five hundred million naira […]

BUSINESS

Dangote’s Tomato Plant Resumes Production

Daily Dispatch March 20, 2019

A tomato-paste factory owned by Africa’s richest man, Aliko Dangote, resumed production in Nigeria’s northern state of Kano after staying idle for more than two years over a supply disruption partly caused by a price dispute with farmers. The factory, with a capacity for 1,200 metric tons of tomato paste daily and targeted at meeting […]