BUSINESS

Nigerians paid N163 per litre of fuel in March – NBS

Daily Dispatch April 12, 2018

The National Bureau of Statistics (NBS) has revealed that the average price paid by consumers for Premium Motor Spirit (petrol) in the month of March, dropped to N163 from N173 recorded in February. The drop represented an increase of 9.4 percent year-on-year, NBS said in a latest report.

BUSINESS

FIRS, EFCC reveal plan against tax defaulters

Daily Dispatch April 12, 2018

The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have agreed to jointly go after individuals and organisations who refuse to pay the right taxes. During a courtesy visit to the EFCC headquarters in Abuja, yesterday, Executive Chairman of FIRS, Tunde Fowler, said the agencies will also target taxpayers who […]

BUSINESS

[BREAKING] Buhari extends VAIDS deadline from March 31 to June 30

Daily Dispatch April 11, 2018

President Muhammadu Buhari on Wednesday approved the extension of the Voluntary Assets and Income Declaration Scheme to June 30, 2018. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the extension after the original March 31 date was based on the appeals of professional bodies and individual taxpayers. Adesina […]

BUSINESS

South Africa’s MTN expects IPO of Nigerian unit this year

Daily Dispatch April 11, 2018

South Africa’s MTN (MTNJ.J) aims to list its Nigerian unit in an initial public offering this year and has struck an agreement with pan-African lender Ecobank (ETI.LG) to offer mobile banking across Africa, its group chief executive said on Tuesday. The move comes as telecoms operators are expanding mobile services to boost margins and access […]

BUSINESS

FIRS recovers N29 billion through partnership with EFCC

Daily Dispatch April 11, 2018

The management of the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) say they will deepen and strengthen their collaboration to track both individuals and organisations who refuse to pay the right taxes. They also said their partnership has already led to the recovery of N29 billion. The partnership will […]

BUSINESS

UK accounting body, ACCA, recognises Dangote

Daily Dispatch April 11, 2018

The United Kingdom accounting body, ACCA, has presented the ACCA Award to the President of Dangote Group, Aliko Dangote, for his continuing support as a key employer of ACCA members. The ACCA team, led by the Chief Executive Officer, Helen Brand, presented the award during a courtesy visit to Dangote. In a statement by ACCA, […]