BUSINESS

FG adopts softer tone on MTN

Daily Dispatch September 26, 2018

The Federal Government of Nigeria appears to have taken a softer stance on Africa’s leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 in dividends will be “resolved”. Talking to reporters in Abuja following a monetary policy committee meeting on

BUSINESS

FG targets N289billion from assets sale in Q4

Daily Dispatch September 25, 2018

The federal government of Nigeria will offer 10 state-owned companies for sale to selected investors and the public in the fourth quarter (Q4), as it seeks to raise N289 billion ($797 million) toward funding the 2018 budget, the country’s privatisation agency said. Preparations are in the final stages to begin the sale of the companies […]

BUSINESS

Kaduna Electric Begins 24-hour Power Supply

Daily Dispatch September 25, 2018

In its drive to ensure uninterrupted electricity supply to its customers, Kaduna Electric has begun 24-hour power supply to its customers on green feeders in its franchise states comprising Kaduna, Sokoto Zamfara and Kebbi. A statement issued by the Head, Corporate Communication of the company, AbdulAzeez Abdullahi, said that the company has classified its feeders […]

BUSINESS

FIRS to block bank accounts of 6772 corporate tax defaulters

Daily Dispatch September 25, 2018

Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), said that 6,772 corporate bank accounts will be frozen for defaulting on tax payments. Fowler told Zainab Ahmed, minister of finance, that the agency has collected N12.66 billion from billionaire tax defaulters in less than a month. Saying the law empowers FIRS to appoint […]

BUSINESS

Nigerian Government moves to revoke licences of oil companies

Daily Dispatch September 24, 2018

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the Federal Government will from 2019 commence the revocation of the licences of oil companies that fail to stop gas flaring in their operations in the country. According to the News Agency of Nigeria, NAN, Kachikwu made this known while speaking at […]

BUSINESS

Nigerian farmers earned N303billion under World BankFadama III-Dr. Oredipe

Daily Dispatch September 24, 2018

The World Bank Fadama III AF Project Task Team Leader, Dr. Adetunji Oredipe has said that farmers participating under the Fadama III Additional Financing earned about  N303 billion from the cultivation of four advantage crops supported by the project.  Oredipe listed the projects to include rice, cassava, sorghum, and tomato.  The team leader stated this […]