BUSINESS

Babatunde Fowler: We have resources to prosecute tax debtors after VAIDS

Daily Dispatch March 15, 2018

The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, has warned individuals and corporate entities, who refuse to take advantage of the Voluntary Assets and Income Declaration Scheme, that the service voted a bigger sum of money for legal fees in its 2018 budget. Fowler made

BUSINESS

GTBank announces full year 2017 profit before tax of N200.24 billion

Daily Dispatch March 14, 2018

The foremost institutional Bank, Guaranty Trust Bank plc, has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions […]

BUSINESS

Official: Nigeria Immigration generates N38.5 billion, $29.9 million in 2017

Daily Dispatch March 14, 2018

The Nigeria Immigration Service (NIS) generated a total revenue of N38.532 billion and $29.9 million in 2017. The Comptroller-General of NIS, Muhammad Babandede, made this known at an operational review meeting with zonal coordinators and state controllers of the agency in Abuja on Wednesday. Mr. Babandede also said that the NIS made a total payment […]

BUSINESS

CONTROVERSY OVER $200 MILLION LOCAL CONTENT FUND INVESTMENT

Daily Dispatch March 14, 2018

A palpable controversy has arisen over the management and investment of the $200million Nigeria Content Development Fund (NCIF) domiciled in Bank of Industries (BOI) meant for the development of local content capacity for Nigerian firms and communities engaged in the oil and gas industry. This came to light during a meeting of the Senate Committee […]

BUSINESS

NBS: Kerosene cheapest in Kebbi in February 2018

Daily Dispatch March 14, 2018

The average price per litre paid by consumers for household kerosene decreased by 0.10 per cent to N288.57 in February 2018 from the average price of N288.85 recorded in January 2018, the National Bureau of Statistics has said. The bureau disclosed this in a report published on its website on Tuesday. The average price also […]

BUSINESS

Google to ban ads promoting cryptocurrency and ICOs from June

Daily Dispatch March 14, 2018

Google has announced it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from June. Google announced the move as part of an update to its policy, which will also ban other risky financial products. The policy states that ads for aggregators and affiliates will no longer be able to display “cryptocurrencies […]