BUSINESS

Buhari Promises To Revive ‘Good Old Days’ In Cotton Industry

Daily Dispatch November 9, 2018

President Muhammadu Buhari has pledged the commitment of his administration to revive the ‘good old days’ when the cotton and textile industry employed hundreds of thousands of Nigerians. He made the promise on Friday when he received the CEO of Vlisco Group, Mr David Suddens, at the

BUSINESS

Zainab Ahmed: How AfDB helped Nigeria out of recession

Daily Dispatch November 9, 2018

Zainab Ahmed, minister of finance, says the African Development Bank (AfDB) was very instrumental to Nigeria’s exit from its worst recession in decades. The minister explained this on Thursday while speaking to CNBC Africa on the sidelines of the first ever Africa Investment Forum ongoing in South Africa. She explained the role AfDB played in […]

BUSINESS

IMF warns Nigeria on rising debt service

Daily Dispatch November 9, 2018

The International Monetary Fund (IMF) has cautioned the Federal Government to be mindful of the country’s rising debt service to revenue ratio and take steps to mitigate the situation. IMF Senior Resident Representative in Nigeria Mr. Amine Mati issued the warning in Abuja at the public presentation of the “Regional Economic outlook: Sub-Saharan Africa, Capital […]

BUSINESS

FIRS generates N4.3trn tax revenue from Jan to Oct –Fowler

Daily Dispatch November 9, 2018

The Federal Inland Revenue Service on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square. Represented by Mrs Angel Fadahunsi, FIRS South […]

BUSINESS

Nigeria Air project awaiting FEC approval, needs $300m –Sirika

Daily Dispatch November 8, 2018

The Minister of State for Aviation, Senator Hadi Sirika, says the Nigeria Air project is currently at the procurement stage, and awaiting the approval of the Federal Executive Council. The minister added that the estimated funding requirement for the establishment of the project was $300m up until 2020. Sirika also discredited claims that the government […]

BUSINESS

Nigerian traders hail Buhari, ECOWAS for reopening shops in Ghana

Daily Dispatch November 8, 2018

The Nigerian Union of Traders Association Ghana (NUTAG), has commended President Mohammadu Buhari-led government, ECOWAS, Ghanaian authority and others for their intervention in the reopening of Nigerians shops in Ghana. The President of NUTAG, Mr Chukwuemeka Nnaji, said this in a telephone conversation with the News Agency of Nigeria (NAN) from Kumasi Ghana on Thursday.