BUSINESS

BREAKING: Nigerian traders storm ECOWAS, protest alleged closure of businesses in Ghana

Daily Dispatch September 24, 2018

Protesters under aegis National Association of Nigerian Traders on Monday stormed the ECOWAS secretariat located in Abuja to protest the alleged closure of shops belonging to Nigerians in Ghana. The protest which began at 9:30am partially paralysed activities at the ECOWAS Secretariat. The

BUSINESS

Billionaire tax debtors: FIRS rake in N12.66, as Acting Finance Minister commended agency’s efforts

Daily Dispatch September 24, 2018

Executive Chairman Federal Inland Revenue Service, Babatunde Fowler has disclosed that the agency has been able to collect N12.66 billion in tax revenue from recalcitrant billionaire. Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed, during his spot visit to Revenue House, FIRS headquarters in Abuja. The […]

BUSINESS

Sale of FG’s shares in NSPM yields N17b

Daily Dispatch September 23, 2018

The sale of 21 per cent shares of the Federal Government in the Nigerian Security Printing and Minting (NSPM) to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury. The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, said at the signing of the […]

BUSINESS

Nigerian economy recorded $45.7billion investment in six months

Daily Dispatch September 23, 2018

The Nigerian economy recorded a total investment commitment of $45.7bn in various sectors of the economy within the first six months of this year. Figures obtained from the Nigerian Investment Promotion Commission showed that the $45.74bn investment commitments were made for 42 projects in nine states and the Federal Capital Territory. The sectoral analysis of […]

BUSINESS

NUPENG, PENGASSAN threaten nationwide strike over Chevron dispute

Daily Dispatch September 22, 2018

Nigeria’s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday. Nigeria, an OPEC member, is Africa’s largest oil producer and crude sales make up around two-thirds of government revenues in West Africa’s largest economy. The dilapidated state of its refineries means […]

BUSINESS

CBN gives $317.52m, CNY58.40m for agric, raw materials

Daily Dispatch September 21, 2018

The Central Bank of Nigeria (CBN), on Friday, provided 317.52 million dollars and 58.40 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material sector. CBN Director, Corporate Communications, Mr Isaac Okorafor, in a statement in Abuja said the sale in the Chinese Yuan was done through a combination of […]