BUSINESS

FIRS set to commence audit of taxpayers nationwide — Fowler

Daily Dispatch September 6, 2018

Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, on Thursday said that the agency would soon commence the audit of taxpayers across the country. Fowler stated this in Lagos while delivering a keynote address at a stakeholders meeting on “Tax Administration and National

BUSINESS

FG seek extension of World Bank $160m job creation fund

Daily Dispatch September 6, 2018

Federal Government has sought for 12 months extension to enable it to fully implement the project known as Growth and Employment in States. The objective of the GEMS project is to accelerate growth and employment in participating states. Under the project being supervised by Ministry of Finance and implemented by the Ministry of Industry, Trade […]

BUSINESS

China to invest N2.16tn in Africa

Daily Dispatch September 6, 2018

The Chinese Government has expressed readiness to invest N2.16 trillion ($60 billion) in Africa in the next three years. The Consul-General of the People’s Republic of China in Lagos, Mr Chao Xiaoliang disclosed this in a post-summit article entitled, “FOCAC Beijing Summit: A New Milestone in China-Africa Relations.” Chao said the new investment drive was […]

BUSINESS

Nigeria’s foreign trade drops to N6.56trillion in Q2- NBS

Daily Dispatch September 6, 2018

Nigeria’s total value of merchandise trade dropped to N6.56 trillion in the second quarter of the year (Q2 2018), representing a -8.89 per cent contraction compared to the N7.21 trillion recorded in the preceding quarter, the National Bureau of Statistics (NBS) has stated. According to the Foreign Trade Statistics for Q2 which was released Thursday, […]

BUSINESS

Fighting climate change can add $26 million to the world economy – Okonjo-Iweala

Daily Dispatch September 6, 2018

Former finance minister of Nigeria and Co-Chair of the Global Commission on the Economy and Climate, Ngozi Okonjo-Iweala, says fighting climate change can add $26 million to the world economy by 2030. Mrs Okonjo-Iweala stated in New York that addressing climate change issues could generate more than 65 million new low-carbon jobs and avoid more […]

BUSINESS

No debt crisis in Africa – AfDB

Daily Dispatch September 6, 2018

As insinuations mount that China is heaping Africa with debt, Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has denied the alleged debt crisis in African countries. He spoke on the sidelines of the Forum on China-Africa Cooperation (FOCAC) Beijing Summit. Western nations accused China of hoodwinking poor African nations into debt overload. […]