BUSINESS

CIFIA condemns ICAN criticism on passage of forensic auditors’ bill

Daily Dispatch August 3, 2018

The promoters of Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIA), have taken a swipe at the Institute Chartered Accountants of Nigeria (ICAN) for casting aspersions on the passages of Forensic and Investigative Auditors of Nigeria. Protem President of CIFIA, Mrs

BUSINESS

TCN recovers 693 abandoned power equipment containers at ports

Daily Dispatch August 3, 2018

The Transition Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at ports for about 15 years due to tariff. The Managing Director (MD) of TCN, Mr Usman Mohammed, said this in a statement in Lagos. Mohammed said that some of the power equipment had […]

BUSINESS

“For over 50 years of its existence, ICAN has produced less than 100,000 accountants” – CIFIA President, Dr. Victoria Enape

Daily Dispatch August 2, 2018

The Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIA) has expressed concern that  the Institute of Chartered Accountants (ICAN) produced less than the accounting need of the country. The Institute estimates that ICAN produces roughly one accountant to nearly 2,000 Nigerians and it says that if foreign businesses in the country are added, […]

BUSINESS

BREAKING: Apple becomes 1st private company worth $1 trillion

Daily Dispatch August 2, 2018

Apple became the first private company to surpass $1 trillion in stock market value Thursday following its latest surge after reporting strong quarterly earnings. Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the […]

BUSINESS

Presidential panel to recover N87b bad debts for FMBN

Daily Dispatch August 1, 2018

The Special Presidential Investigation Panel for the Recovery of Public Property has disclosed plans to recover N87 billion bad debts owed the Federal Mortgage Bank of Nigeria. The panel, in a statement on Wednesday, said its Chairman, Okoi Obono-Obla, made the disclosure when he visited the bank’s Managing Director, Ahmed Dangiwa, in Abuja. Obono-Obla said […]

BUSINESS

NBS: Oil exports, controlled imports aided Nigeria’s exit from recession

Daily Dispatch July 31, 2018

Nigeria’s recovery from economic recession slowly began in the second quarter of 2017 (Q2 2017) mainly because of oil exports and controlled imports, the National Bureau of Statistics (NBS) said on Monday. The bureau disclosed this in a report published on its website titled, Nigerian Gross Domestic Product Report (Expenditure and Income Approach) 2017. Nigeria’s […]