BUSINESS

Zenith Bank, UBA, others pay N499 billion on income tax expenses

Daily Dispatch December 11, 2017

Seven Systematicaly Important Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016 Financial institutions under the category of SIB include Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), parent company of FBN

BUSINESS

Australia set to partner with Nigeria’s mining industry

Daily Dispatch December 10, 2017

Australia says it is interested in enhancing its partnership with Nigeria in the area of mining. Mining in Australia is a significant primary industry and contributor to its economy with the country reportedly among the top five mining nations globally. Australian High Commissioner to Nigeria, Mr Paul Lehmann, told the News Agency of Nigeria (NAN) […]

BUSINESS

500 NYSC members obtain loan in Kano to set up business

Daily Dispatch December 10, 2017

Alhaji Ladan Baba, the Coordinator, National Youth Service Corps (NYSC) in Kano state says 500 corps members in the state were offered loan to establish their own business. Baba disclosed this on Sunday in Kano while speaking with NAN on the sideline of the graduation of 2017 Batch ‘B’ Stream ll corps member’s Skills acquisition […]

BUSINESS

Beer can be turned into fuel, may replace petrol —Scientists

Daily Dispatch December 10, 2017

Beer can be turned into fuel and could become a sustainable alternative to petrol, scientists have found. Chemists at the University of Bristol have spent years developing technology to convert widely-available ethanol into butanol. Butanol is a better fuel alternative to the widely-used ethanol, which has a lower energy density and can be corrosive to […]

BUSINESS

Abuse naira, go to jail, warns CBN

Daily Dispatch December 8, 2017

The Central Bank of Nigeria on Friday warned Nigerians against abusing the naira notes. The apex bank said that anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail fine of N50, 000. An official of the Currency Operation Department of the CBN in Abuja, Mr. Samuel […]

BUSINESS

WorldRemit raises $40m to target 5 million customers in Africa

Daily Dispatch December 7, 2017

Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as […]