BUSINESS

FIRS generates N23bn by ‘freezing’ accounts of 3,000 tax defaulters

Daily Dispatch February 22, 2019

The Federal Inland Revenue Service (FIRS) says it generated over N23 billion in unpaid taxes from the recently suspended restriction on the corporate bank accounts of tax defaulters. Babatunde Fowler, FIRS chairman, was speaking in Lagos on Thursday at the Manufacturers Association of Nigeria

BUSINESS

N298bn generated from VAT in Q4, 2018 – NBS

Daily Dispatch February 22, 2019

The National Bureau of Statistics said Nigeria generated N298.01 billion from Value Added Tax in the fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on a product whenever […]

BUSINESS

ABCON alerts public over fake $100 bills import from India

Daily Dispatch February 22, 2019

The Association of Bureaux De Change Operators of Nigeria ( ABCON ) on Friday alerted the public over ongoing security investigation on $100 bills being imported from India into Nigeria. The ABCON President, Alhaji Aminu Gwadabe, who disclosed the development to financial journalists after the group’s National Executive Council (NEC) Meeting in Lagos, said the […]

BUSINESS

N39.15trn transactions made on ATM in Q4 2018

Daily Dispatch February 20, 2019

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday. It said that the amount was […]

BUSINESS

Tanzania seek Dangote’s assistance in developing the country’s oil and gas industry

Daily Dispatch February 19, 2019

Tanzania’s High Commissioner to Nigeria, Muhidini Ally-Mboweto, has sought the assistance of the President, Dangote Group, Aliko Dangote, in the development of his country’s oil and gas industry Ally-Mboweto led a delegation from Tanzania High Commission and the Tanzania Petroleum Development Corporation on a study tour of the Dangote refinery and fertiliser plants to seek

BUSINESS

Petrol to sell at N140 per litre from Wednesday

Daily Dispatch February 18, 2019

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. Chinedu Okworonkwo, national president of the association, made this known in a statement released on Sunday. According to the statement, which was signed by Bashir Dan-Malam, chairman of the association’s Kano