BUSINESS

Africa robbed of $50bn via treaties, weak tax laws

Daily Dispatch October 12, 2017

African countries have been urged to begin a holistic review of all trade and tax laws as well as international trade treaties entered into in the last decades. The call came at the ongoing Pan-African Conference on Illicit Financial Flows (IFFs) from Africa, where it was disclosed that Africa

BUSINESS

$18b Dangote Refinery Will Boost Nigeria’s Foreign Investment – IPMAN

Daily Dispatch October 12, 2017

The Independent Petroleum Marketers Association of Nigeria, Western Zone on Wednesday said that the $18 billion Dangote refinery will boost the country’s foreign investment when it finally comes on stream. The Zonal Chairman, Alhaji Debo Ahmed, said this in an interview with the News Agency of Nigeria in Lagos against the backdrop of arrears of […]

BUSINESS

OPEC, allies regain control over oil market

Daily Dispatch October 12, 2017

OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained. In its regular monthly report, the International Energy Agency said that global oil […]

BUSINESS

CBN Deputy: Gov. Aisha Ahmad not qualify- Group, asks Buhari to nominate another person

Daily Dispatch October 12, 2017

The Bureau for Social Justice Equity and Transparency has urged President Muhammadu Buhari to nominate another person for the position of the Deputy Governor for the Central Bank of Nigeria. The group said Aisha Ahmad nominated last week is not qualified for the job. The Executive Director of the group, Mary Ogwiji, who spoke with […]

BUSINESS

Alleged importation of GM maize lands Olam Group in trouble

Daily Dispatch October 11, 2017

The House of Representatives on Wednesday resolved to investigate the alleged importation of seven ship-loads of Genetically Modified (GM) maize by Olam Group into the country. This was sequel to a unanimous adoption of a motion by Rep. Kingsley Onwubuariri (Imo-PDP), at the plenary. Onwubuariri said the agricultural revolution of President Muhammadu Buhari-led

BUSINESS

Inefficient power distribution: Retrieve, sell DISCOs to new investors- Tony Elumelu urges FG

Daily Dispatch October 11, 2017

The Chairman, United Bank for Africa Plc and Transnational Corporation Plc, Mr. Tony Elumelu, has asked the Federal Government to take another look at the power sector by wresting ownership from incompetent private operators and sell the firms to new owners who are capable of successfully running them. He made the call in Abuja on […]