BUSINESS

Nigeria’s revenue generating agency gets N12.6trn in 3 years

Daily Dispatch March 6, 2019

The Federal Inland Revenue Service, FIRS, said it generated N12.62 trillion revenue from tax in the last three years. FIRS said this in a document on its achievements, a copy of which was made available to newsmen by the Head, Communications and Servicom Department of FIRS, Wahab Gbadamosi in

BUSINESS

My Tenure Expires In June, CBN Governor Reacts To His Rumoured Removal

Daily Dispatch March 5, 2019

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has denied reports that he has been removed from office. Mr Emefiele described the reports which made the rounds on some online platforms on Monday as concerning. “I am confused and concerned about some stories going around. At least you can see me; I […]

BUSINESS

Breaking: CBN bans sale of forex to textile importers

Daily Dispatch March 5, 2019

The Central Bank of Nigeria (CBN) has directed commercial banks and bureaux de change operators to stop sale of forex for the import of textiles and clothing materials in the country. Godwin Emefiele, governor of the bank, announced this at a meeting with stakeholders in the cotton sector in Abuja on Tuesday. He said the […]

BUSINESS

‘Nigeria overtakes Egypt as largest rice producer in Africa’

Daily Dispatch March 4, 2019

Nigeria has overtaken Egypt as the largest rice producer in Africa, Director-General,Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley has said . Roy-Macauley, told The Nation that Nigeria is now the largest rice producer at 4 million tonnes a year. Egypt was producing 4.3 tonnes annually but production has reduction by almost 40 percent this […]

BUSINESS

Dangote speaks on elections, says there are better days ahead

Daily Dispatch March 4, 2019

Aliko Dangote, president of Dangote Group, says there are better days ahead for the business community in Nigeria, despite the elections ongoing in the country. Dangote said there is a lot happening in Nigeria, and elections did not deter his companies from investing in the country. “I think from the business community, things are going […]

BUSINESS

Obaseki’s EdoFAC excites farmers, as aggregators make brisk sales

Daily Dispatch March 3, 2019

  Farmers in Edo State have expressed delight at the vast opportunities in the Edo State Food and Agricultural Cluster (EdoFAC) in Ehor, Uhunmwode Local Government Area, set up by the Governor Godwin Obaseki-led administration in the state. A cross section of the farmers and produce aggregators commended the state government for the initiative and […]