BUSINESS

FG earns N69bn from solid minerals – NEITI

Daily Dispatch November 19, 2017

The Nigeria Extractive Industry Transparency Initiative, (NEITI) said Nigeria exported solid minerals worth 9.733 million dollars and  earned N69.2 billion from the sector in 2015. NEITI, on  its latest independent audit report of the solid minerals sector released on Sunday in Abuja said it

BUSINESS

NNPC, Cheveron wrap up $1.7bn deal

Daily Dispatch November 19, 2017

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, on Sunday in Abuja said the agreement was signed in London, over the weekend. He said that the Group […]

BUSINESS

Lagos shutdown 13 hotels, event centres over N426.97 million tax evasion

Daily Dispatch November 19, 2017

The Lagos State Internal Revenue Service (LIRS) has shut 13 hotels, restaurants and event centers for failure to pay their taxes due under the Hotel Occupancy and Restaurant Consumption Laws of Lagos State 2009. The Hotels and Restaurants were said to be owing the State a sum of N426,976,528.87 Speaking on the state-wide tax enforcement […]

BUSINESS

NDDC repudiates N200 billion contracts

Daily Dispatch November 17, 2017

Enmeshed in a soaring debt profile, the Niger Delta Development Commission (NDDC), has repudiated contracts worth N200 billion in an on-going reform being carried out by its new management. The organisation has also embarked on streamlining, restructuring and verifying the huge debt as well as the more than 10,000 contracts it inherited from the previous […]

BUSINESS

Tesla unveils electric truck and $200,000 sports car

Daily Dispatch November 17, 2017

Tesla upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. The showmanship wowed the crowd although some analysts’ heads started throbbing at the […]

BUSINESS

NCS collects N2.1bn in Niger

Daily Dispatch November 17, 2017

The Niger Area Command of the Nigeria Customs Service ( NCS ), collected N2.1 billion revenue from January to October, the area comptroller, Benjamin Binga, has said. Binga made this disclosure in an interview in Minna on Friday. “Our revenue target for the year is N2.8 billion and so far, we have collected N2.1 billion,’’ […]