BUSINESS

Fed govt plans finance scheme for new car buyers – NADDC chief Jelani Aliyu

Daily Dispatch October 11, 2017

The Director-General of the National Automotive Design and Development Council, Mr. Jelani Aliyu, has said a fund will be established to be offered to Nigerians at low cost to finance their commercial fleets and cars. He said, “The programme is being re-deigned to involve more Nigerian banks.

BUSINESS

Court Awards N15m Damages Against Etisalat For Trespass

Daily Dispatch October 10, 2017

A Jos, Plateau State High Court on Tuesday found Etisalat Nigeria (9 Mobile) guilty of trespassing into a personal property and ordered it to pay N15 million damages. The judge, Justice R.K. Sha, ordered that the plaintiff be given the property. The judgment was based on a suit filed by Christ Best West Africa Limited […]

BUSINESS

Tax Amnesty: VAIDS Begins Collection Of Nigerians’ Income, Assets Data

Daily Dispatch October 10, 2017

The Voluntary Assets and Income Declaration Scheme has begun the collection of data on the income and assets of high net-worth individuals and companies and in the country. This was disclosed in a statement issued by the VAIDS office in the Federal Ministry of Finance. According to the statement, useful data of all payments and […]

BUSINESS

Dangote reveals secret of business success

Daily Dispatch October 9, 2017

Africa’s richest man and most successful industrialist, Aliko Dangote, today revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,” Dangote said, in the presence of Nigerian vice-president Professor Yemi Osinbajo, Congolese

BUSINESS

SENATE SEEKS EXPANSION OF LOCAL CONTENT ACT BEYOND OIL AND GAS

Daily Dispatch October 8, 2017

The newly created Senate Committee on Local Content will seek the amendment of the Nigerian Local Content Act 2010 to makes it applicability broader than the present focus on the oil and gas sector in the overall interest of Nigerians. Making this known over the weekend at the inaugural meeting of members of the Committee, […]

BUSINESS

NNPC records $471.9m exports in July

Daily Dispatch October 6, 2017

The Nigerian National Petroleum Corporation, NNPC, has disclosed it recorded a total export receipt of $471.90 million in July 2017 as against $219.34 million posted in June. According to the July edition of the Monthly Financial and Operations Report of the Corporation which was made public on Thursday, contribution from crude oil amounted to $392.20 […]