BUSINESS

Governor Dickson: Niger Delta has contributed N96 trillion to federal govt

Daily Dispatch February 28, 2018

Bayelsa State Governor, Seriake Dickson, has said the Niger Delta has contributed N96 trillion to the coffers of the Federal Government. Dickson made this claim when he received the report of the Committee on Restructuring and other matters affecting the Ijaw nation in Yenagoa, yesterday.

BUSINESS

86% of Nigerians buy petrol at N199- NOIpolls

Daily Dispatch February 27, 2018

NOI polls, a research and survey firm says 86 per cent of  Nigerians buy petrol  at an average of N199 per litre. The firm revealed this in its latest report released in Abuja, on Tuesday adding that the amount was far above the N145 per litre price approved by the Federal government. It challenged the […]

BUSINESS

Lagos shuts 20 hotels, events centres, over tax evasion

Daily Dispatch February 27, 2018

The Lagos State Internal Revenue Service has shut 20 hotels, restaurants and event centres because of their failure to remit taxes. The Director of Legal Services of the LIRS, Mr Seyi Alade, made the disclosure in an interview with the News Agency of Nigeria on the sidelines of a tax law enforcement exercise, conducted in […]

BUSINESS

Nigeria’s economy grew 1.92 pct in Q4 2017

Daily Dispatch February 27, 2018

Nigeria’s economy grew 1.92 percent in the last quarter of 2017 compared with a 1.73 percent contraction in the same period of the previous year, the National Bureau of Statistics said on Tuesday. The OPEC member’s gross domestic product (GDP) grew by 0.83 percent in 2017 as a whole after shrinking by 1.58 percent in […]

BUSINESS

Nigeria’s GDP records 0.82% growth rate in 2017 — NBS

Daily Dispatch February 27, 2018

The National Bureau of Statistics on Tuesday released the full year 2017 Gross Domestic Product growth rate for the country with the economy growing by 0.82 per cent in 2017. The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 during the […]

BUSINESS

2018: Nine banks to meet new central bank dividend payout policy – report

Daily Dispatch February 26, 2018

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently. The banks, according to […]