BUSINESS

FG to name, shame tax defaulters

Daily Dispatch March 1, 2018

The Minister of Finance, Mrs Kemi Adeosun, says the Federal Government, will name and shame tax defaulters after the expiration of the Voluntary Assets and Income Declaration Scheme (VAIDS). Adeosun disclosed this at an interactive session on the VAIDS programme on Thursday in Kaduna. She said

BUSINESS

NB, Dangote Cement Record Loses On NSE, Drag Index By 1.12%

Daily Dispatch March 1, 2018

Nigerian Breweries and Dangote Cement recorded price depreciation on the Nigerian Stock Exchange on Thursday, dragging the indices down by 1.12 per cent.The News Agency of Nigeria reports that both companies led the losers’ chart with a loss of N4.90 per share.Specifically, Nigerian Breweries lost N4.90 to close at N131, while Dangote Cement also dipped N4.90 to […]

BUSINESS

Court rules against Chevron on $12 billion debt recovery suit

Daily Dispatch March 1, 2018

A Lagos Division of the Federal High Court on Thursday awarded a N100,000 cost against Chevron Petroleum Nigeria Ltd in a $12 billion debt recovery suit by the Federal Government over oil shipment. Mojisola Olatoregun, the judge, awarded the cost after striking out the company’s preliminary objection by the second defendant, Chevron Petroleum Nigeria Ltd, […]

BUSINESS

NNPC set to commence oil exploration in Benue, Nasarawa, Niger, Sokoto

Daily Dispatch March 1, 2018

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Makanti Kachalla Baru, has said the corporation will this year begins exploration for oil in Benue, Nasarawa, Niger and Sokoto States. The GMD who disclosed this at the NNPC Day at the on going 39th edition of the Kaduna International Trade fair, said, with […]

BUSINESS

CBN warns Nigerians against investing on bitcoin, other crypto currencies

Daily Dispatch March 1, 2018

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria. Acting Director, Corporate Communications, Isaac Okoroafor, gave the warning in a statement on Wednesday. He noted that crypto currencies such as Bitcoin, Ripples, Monero, Litecoin, […]

BUSINESS

Missing N10bn NHIS fund: Reps summon Adeosun, Emefiele

Daily Dispatch March 1, 2018

The House of Representatives committee on healthcare services has invited the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele over N10 billion said to have been deducted from the National Health Insurance Scheme (NHIS). Also summoned were the Minister of National Planning, Senator Udoma Udo-Udoma and […]