BUSINESS

How tax revenue improved by 42% in 2018- FIRS

Daily Dispatch July 15, 2018

The 2018 half year revenue performance report of the Federal Inland Revenue Service (FIRS) has shown that tax revenue improved by 42 per cent when compared to the same period in 2017. A revenue performance report for the first half of the year submitted by the service to the Ministry of

BUSINESS

PHOTOS: Buhari, Adeosun attend annual meeting of Afreximbank in Abuja

Daily Dispatch July 14, 2018

President Muhammadu Buhari on Saturday attended the annual meeting of Afreximbank in Abuja. Akinwunmi Adesina, president of African Development Bank, Aliko Dangote, president of Dangote Group, Kemi Adeosun, minister of finance were also at the meeting. See photos below:

BUSINESS

Kemi Adeosun elected Afreximbank board chairperson

Daily Dispatch July 14, 2018

Nigeria’s finance minister, Kemi Adeosun, has been elected chairperson of the board of the African Export-Import Bank. Mrs Adeosun was elected during the annual general meeting of Afreximbank in Abuja.  The bank, which is celebrating its 25th anniversary, has been meeting in Abuja . Mrs Adeosun will be succeeding the outgoing chairman of the Bank […]

BUSINESS

Dangote gets $650m Afreximbank loan for Lekki refinery

Daily Dispatch July 14, 2018

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank also signed a $750 million […]

BUSINESS

Industrial Dispute: MTN seeks amicable resolution

Daily Dispatch July 13, 2018

Tele-communication giant, the MTN (Nigeria) has reiterated its desire to pursuing amicable resolution of the industrial disputes with some members of staff. Mr Funso Aina, Public Relations Manager, Corporate Affairs/Corporate Relations, MTN, made the disclosure in a statement on Friday in Lagos. According to him, the events of this week have been difficult and disruptive.

BUSINESS

Telecoms industry pays N450b taxes annually — ATCON chairman

Daily Dispatch July 13, 2018

The telecom industry annually contributes N450 billion in form of taxes to Nigeria’s economy, Mr Olusola Teniola, President, Association of Telecommunications Companies of Nigeria, has said. Teniola told the News Agency of Nigeria in Lagos on Friday that the industry had been paying the sum in the last five years to the three tiers of government. He […]