BUSINESS

Federal govt secures global support against tax evasion

Daily Dispatch February 16, 2018

The Federal Government has secured a global commitment to fight tax evasion through having access to the financial accounts of Nigerians outside the country. Head, Organisation for Economic Cooperation and Development (OECD) Global Forum on Exchange of Information, Ms Monica Bhatia, stated this

BUSINESS

Japans gives $700m loan to AfDB

Daily Dispatch February 16, 2018

The Japan International Cooperation Agency (JICA) has signed a $700.9 million loan agreement with the African Development Fund (ADF). The loan is designed to provide an Official Development Assistance (ODA) and is part of Japan’s contribution to the African Development Fund’s Fourteenth Replenishment (ADF-14). This is the first JICA loan provided to the ADF. The […]

BUSINESS

Minister Ibe Kachikwu directs NNPC to clear petrol queues

Daily Dispatch February 15, 2018

Dr Emmanuel Ibe Kachikwu, the Minister of State for Petroleum Resources, has directed the Nigerian National Petroleum Corporation (NNPC) clear petrol queues in Abuja before Sunday. Kachikwu gave the directive at a world news conference to intimate journalists on the upcoming international oil and gas conference and exhibition tagged the Nigerian International Petroleum

BUSINESS

House of Reps extends committee’s time to probe stolen $17 billion crude oil funds

Daily Dispatch February 15, 2018

The House of Representatives Thursday added additional Six (6) weeks to enable the ad-hoc committee investigating stolen $17 billion undeclared crude oil and liquefied natural gas exports sales. The new timeline is to enable it to complete its work. The committee led by the chairman of the House committee on media and public affairs, Hon. […]

BUSINESS

Petrol diversion-DPR sanctions 6 filling stations

Daily Dispatch February 15, 2018

Mr Bassey Nkanga, Department of Petroleum Resources (DPR) Operations Controller in charge of the state says it has  sealed six petrol stations in Cross River over diversion of products and price hike. Nkanga made this known in an interview with the News Agency of Nigeria (NAN) on Thursday in Calabar. Nkanga said  that the stations […]

BUSINESS

MTN pays N110bn fine to NCC

Daily Dispatch February 15, 2018

MTN Nigeria has paid a total of N110bn into the coffers of the government out of the N330bn imposed on it by the Nigerian Communications Commission. Executive Vice Chairman of the NCC, Prof. Umar Danbatta, disclosed this at a workshop on Code of Corporate Governance organised by the commission in Kano on Thursday. He also […]