BUSINESS

BoI disburses N278 billion to 219,000 enterprises- PS

Daily Dispatch November 28, 2018

Edet Akpan, the permanent secretary, Federal Ministry of Industry, Trade and Investment, says the Bank of Industry (BOI) has disbursed N277.89 billion to 219,515 enterprises across the country since the inception of the present administration. Mr Akpan said this in his opening remark at the

BUSINESS

Nigeria’s taxpayer population hits 33m – Fowler

Daily Dispatch November 27, 2018

The country’s taxpayer roll is set to hit 33 million, This was disclosed by Mr. Tunde Fowler, Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS) at the 142nd meeting of the JTB in Bauchi yesterday. According to Fowler, the ongoing database consolidation of the JTB, an initiative being executed in collaboration with […]

BUSINESS

Improved IGR, critical to increasing Nigeria’s non-oil revenue, says World Bank

Daily Dispatch November 27, 2018

Strengthening mechanism for increased internal revenue generation is critical to the expected increased revenue in the non-oil sector, Yue Man Lee, World Bank Senior Economist, has said. Lee said this on Tuesday in a paper she presented at the ongoing 3-day National Council on Finance and Economic Development conference, holding in Kaduna. The paper was […]

BUSINESS

Shell: Judgment on $3.6 billion Bonga oil spill fine not binding

Daily Dispatch November 27, 2018

Shell Nigeria Exploration and Production Company (SNEPCO) says court judgment on 3.6 billion dollars fine for the Dec. 20, 2011 oil spill in parts of Niger Delta is not binding. Shell, operator of the Bonga oil field where the spill occurred, had approached the courts to challenge the powers of National Oil Spills Detection and […]

BUSINESS

Niger Delta Youth Group applauds NLNG for embracing Nigerian content policy

Daily Dispatch November 27, 2018

The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on Tuesday applauded the Nigeria Liquefied Natural Gas (NLNG) for its involvement of Nigerians in its Train-7 expansion project. . Mr Tiedor Olayinka, President of the coalition, made the commendation in an interview with the News Agency of Nigeria (NAN) in Yenegoa, the Baylesa capital. […]

BUSINESS

N800bn subsidy: Marketers beg FG as banks confirm 79 filling stations, 9 tank farms seizure …Landed properties, posh cars mapped out in collateral takeover spree

Daily Dispatch November 27, 2018

Banks have confiscated multi-billion naira worth of assets including over 79 filling stations and nine tank farms from fuel marketers as the lenders heightened collateral take-over spree in the downstream oil and gas industry. Oil Marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA),