BUSINESS

Tax evaders’ll be exposed – Tunde Fowler threatens

Daily Dispatch February 22, 2018

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institue of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the

BUSINESS

House of Reps accuses INTELS of shortchanging Nigerians

Daily Dispatch February 21, 2018

The House of Representatives ad-hoc committee investigating the termination of contract between the Nigerian Ports Authority (NPA) and the Integrated Logistics Services (INTELS) Limited on Wednesday accused INTELS of shortchanging Nigerians. The chairman of the committee, Pally Iriase, at a public hearing on the probe alleged that INTELS was not making full remittance of

BUSINESS

FEC approves $6.7 billion for Ibadan-Kaduna rail project

Daily Dispatch February 21, 2018

The Federal Executive Council, FEC, has approved a memo presented by the Minister of Transportation, Rotimi Amaechi, for the construction of a rail line from Ibadan, Oyo State, to Kaduna. Mr. Amaechi, who addressed State House correspondents after the meeting held inside the council chamber of the presidential villa, said the rail project “will cost […]

BUSINESS

FG to invest in modular refineries

Daily Dispatch February 21, 2018

The Federal Government says it will  support investment  in the construction of modular refineries  to ensure the success of the initiative. The Senior Technical Adviser to the Minister of State for Petroleum Resources, Mr. Rabiu Suleiman, disclosed this at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja. He added that government would also guarantee

BUSINESS

FG launches investigation into Dana plane overshoots runway

Daily Dispatch February 21, 2018

Nigeria’s aviation authorities said Wednesday they had launched an investigation into how a passenger plane overshot the runway while landing in Port Harcourt. The incident involving a Dana Air Boeing MD-83 jet happened at about 7:30 pm (1830 GMT) on Tuesday. None of the 44 passengers and six crew on board was injured. But Sam […]

BUSINESS

RMAFC, central bank oppose creation of assets management agency

Daily Dispatch February 21, 2018

The Central Bank of Nigeria, CBN, and the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, on Tuesday expressed opposition to the planned creation of a new agency to manage assets seized from corruption and other criminal cases. The agencies made their stance known in Abuja at a public hearing organised by the House Committee on […]