BUSINESS

FIRS hits  N5.3 trillion highest in Nigeria’s history, targets N8 trillion in 2019

Daily Dispatch January 7, 2019

 …. e-TCC hits 59,350 The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s collection history in 2018, when it announced today, that it has collected a  total of N5. 320 trillion. Tunde Fowler, Executive Chairman, FIRS, who made the announcement in Lagos today at a retreat:

BUSINESS

Babatunde Fowler: FIRS targets N8.3 trillion revenue from taxes in 2019

Daily Dispatch January 7, 2019

The Federal Inland Revenue Service (FIRS) says it is targeting N8.3 trillion from the collection of various taxes in 2019 from the N5.32 trillion realised in 2018. Dr Tunde Fowler, FIRS Executive Chairman, stated this at the ongoing 2019 stakeholders’ retreat on Monday in Lagos.The theme of the retreat is: Parliamentary Support for effective Taxation […]

BUSINESS

CBN makes first forex intervention for 2019 worth $210m

Daily Dispatch January 4, 2019

The Central Bank of Nigeria on Friday made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a sum of $210m. The CBN Director, Corporate Communications, Isaac Okorafor, said the wholesale sector of the market received 100 million dollars, while the Small and Medium Enterprises received $55m. Okorafor said […]

BUSINESS

2019: NBS To Release 179 Reports On Economy

Daily Dispatch January 4, 2019

The National Bureau of Statistics (NBS), is set to release no fewer than 179 reports on different sectors of the economy this year. According to the 2019 tentative data release calendar posted on the bureau’s Website, the NBS is expected to release 47 data in the first quarter. According to the calendar analysed by the […]

BUSINESS

Azman Air flight makes emergency landing after on engine fails

Daily Dispatch January 4, 2019

The Nigerian Civil Aviation Authority has begun an investigation into the incident involving an Azman Air Lagos-Port Harcourt flight which occurred on Thursday. The General Manager, NCAA, Mr Sam Adurogboye, confirmed the development to the News Agency of Nigeria in Lagos on Friday. NAN reports the airline’s Boeing 737 aircraft with registration number 5N-NAS had […]

BUSINESS

India Nigeria’s biggest trading partner, buys N719.2b of crude

Daily Dispatch January 3, 2019

India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping N719.2billion of crude and N37.7billion of natural gas exports from the country. India also bought cashew nuts worth N4.7billion. Latest figures from the National Bureau of Statistics (NBS), covering July, August and September, showed that Nigeria imported motorcycles and cycles worth