BUSINESS

Etihad Airways passenger slumps, dies at Lagos airport

Daily Dispatch November 8, 2018

An unchecked-in passenger with Etihad Airways, Ademola Adekele, early Wednesday morning slumped and died at the Murtala Muhammed International Airport (MMIA), Lagos. This is as power outage Wednesday evening temporarily crippled flight activities at the airport when “a certain airline arrived

BUSINESS

Aliko Dangote: Dangote Group revenue will hit $30 billionn by 2020

Daily Dispatch November 8, 2018

Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago. Speaking at the first ever Africa Investment Forum (AIF) in Johannesburg, South Africa, the multibillionaire said five men built America and those five do not include President […]

BUSINESS

South Africa worried MTN Nigeria’s $10 billion fine may threaten country’s financial stability

Daily Dispatch November 8, 2018

The billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa’s financial system, its central bank said on Wednesday. The concern comes as the Central Bank of Nigeria (CBN) last August accused the telecoms firm, MTN and lender Stanbic IBTC, a […]

BUSINESS

Nigerian banks needs to reform to meet the Fintech revolution – Osinbajo

Daily Dispatch November 8, 2018

Vice-President Yemi Osinbajo says there is a need to reform Nigerian banks for them to meet up with the inevitability of the Fintech revolution. Speaking at the ongoing first ever Africa Investment Forum in Johannesburg on Thursday, the Osinbajo said there are no plans to take the banks’ lunch, but the banks have to reform […]

BUSINESS

$1.3bn Tax: MTN’s suit against FG to be heard Dec. 3

Daily Dispatch November 8, 2018

A Federal High Court, Lagos, will on Dec. 3 hear a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment. Justice Chukwujekwu Aneke fixed the date for hearing of all pending applications after counsel representing both […]

BUSINESS

Breaking: Ohakim vs Okorocha: Court seals four banks for contempt

Daily Dispatch November 7, 2018

Four banks were, on Wednesday morning, sealed in Owerri, the Imo State capital, over their failure to respect an order of the court issued in favour of a former governor of the state, Ikedi Ohakim; and against the incumbent governor, Rochas Okorocha. The affected banks are Diamond on Item Street, First Bank PLC on Bank […]