BUSINESS

VAIDS: 31 March deadline stands, no extension- Adeosun

Daily Dispatch March 6, 2018

The VAIDs programme offers a grace period from July 1, 2017, to March 31, 2018, for tax defaulters to voluntarily pay back to government what they owe. In exchange for full and honest declaration, the government promises to waive penalties that should have been levied and also waive the

BUSINESS

PHCN Sale: Reps to probe alleged loss of N2bn

Daily Dispatch March 6, 2018

The House of Representatives is to investigate the alleged loss of two billion naira and 3.8 million dollars through banks’ non-payment of interests on the proceeds of the sale of PHCN successor companies. The decision followed the unanimous adoption of a motion by Rep. Chukwuka Onyema (Anambra-PDP) at the plenary on Tuesday. The session was […]

BUSINESS LEAD STORY 1

Senate receives report to grant Nigerian Financial Intelligence

Daily Dispatch March 6, 2018

The Senate on Tuesday in Abuja received the Conference Committee report on a bill to establish the Nigerian Financial Intelligence Unit (NFIU) as an independent entity. Receiving the report, submitted by Sen. Chukwuka Utazi, Chairman, Senate Committee on Financial Crimes and Anti-Corruption, Deputy President of the Senate Ike Ekweremadu said there was need to expedite […]

BUSINESS

Lagos most peaceful for doing business – Dangote

Daily Dispatch March 6, 2018

Africa’s richest business mogul, Alhaji Aliko Dangote, on Tuesday described Lagos as the most convenient and peaceful state for doing business. “I am not advertising for Lagos, but try another state, you will see hell,’’ he said in a terse remark at the forum of `Lagos Means Business’’. He also supported the Governor Akinwumi Ambode’s […]

BUSINESS

Lagos will be Africa’s model mega-city by 2025 – Ambode

Daily Dispatch March 6, 2018

Governor Akinwunmi Ambode of Lagos on Tuesday said the state would by 2025 be Africa’s model megacity, a global, economic and financial hub that is safe, secure, functional and productive. He also said that almost half of the Lagos state’s Internally Generated Revenue is used for the payment of salaries, including pensions and gratuities. He […]

BUSINESS

We will deliver local rice below N10,000 per bag, Gov. Bagudu claims

Daily Dispatch March 5, 2018

Governor Abubakar Bagudu of Kebbi says the state will work together with farmers and millers under the Federal Government’ Anchor Borrower Programme to deliver local rice below N10,000 per bag. The governor gave the assurances on Sunday night in Birnin Kebbi at a dinner hosted in honour of the Minister of Information and Culture, Lai […]