BUSINESS

The Tony Elumelu Foundation to Announce Selected Entrepreneurs for 2019 Programme

Daily Dispatch March 19, 2019

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the

BUSINESS

FG not selling Lagos Int. Trade Fair Complex – BPE

Daily Dispatch March 19, 2019

The Bureau of Public Enterprises BPE has disclosed that the Federal Government is not selling Lagos International Trade Fair Complex LITFC. The Bureau through its Head, Public Communications, Amina Tukur Othman said the attention of the Bureau of Public Enterprises (BPE) has been drawn to the alleged closure of the Lagos International Trade Fair Complex (LITFC) […]

BUSINESS

FIRS arraigns companies, three others over tax evasion

Daily Dispatch March 19, 2019

The Federal Inland Revenue Service (FIRS) on Monday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged tax evasion, obstruction of official duty and attack on staff of the FIRS on duty among other charges. In the Charge No: FHC/ABJ/CR/48/2019, between the Federal Government […]

BUSINESS

Tax Evasion: Yar’adua Foundation, Others to Lose Property Worth N4.8bn

Daily Dispatch March 19, 2019

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has moved to seize plots of land and buildings valued at N4.8 billion from the  Shehu Yar’adua Foundation and 29 other firms. ICPC Spokesperson, Mrs Rasheedat Okoduwa disclosed this in a Press Statement in Abuja. She said that the properties included 22.9 hectares of undeveloped […]

BUSINESS

Nigeria spends $500m annually on palm oil importation – CBN

Daily Dispatch March 18, 2019

The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja. The meeting was attended by the Governors of Akwa Ibom, Edo […]

BUSINESS

Distribution network, major challenge to power supply in Nigeria – TCN Chief

Daily Dispatch March 18, 2019

Managing Director, Transmission Company of Nigeria (TCN), Usman Mohammed, has described the Distribution Companies (DISCOs) network as one of the major challenges confronting regular electricity supply to consumers in Nigeria. Mohammed made this known on the sidelines of a Capacity Building Training Programme for Staff of Transmission Service Provider (TSP). It was