BUSINESS

FIRS targets N1.8tn VAT collection for 2017

Daily Dispatch July 18, 2017

The Federal Inland Revenue Service (FIRS) has projected N1.8 trillion Value Added Tax (VAT) collection for 2017 fiscal year. The Executive Chairman of the service, Mr Tunde Fowler, made the projection while defending the 2017 budget of the service before the Senate Committee on Finance on

BUSINESS

SON seals Samsung office

Daily Dispatch July 18, 2017

The Standards Organisation of Nigeria on Tuesday sealed the premises of Samsung West Africa in Victoria Island, Lagos, for failure to register some of its products being marketed in Nigeria. Head of Public Relations of SON, Mr Bola Fashina, said this in a statement in Abuja on Tuesday. Fashina said that the action was in […]

BUSINESS

Etisalat Nigeria speaks on change of name to 9mobile

Daily Dispatch July 18, 2017

Etisalat Nigeria on Tuesday confirmed it has changed its name to 9mobile. The confirmation was contained in a statement by the company’s Chief Executive Officer, Boye Olusanya. The statement said: “Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its over 20 million subscribers, government,

BUSINESS

NNPC R&D Collaborates With Halliburton For Oil Search In Inland Basins

Daily Dispatch July 18, 2017

Following ongoing collaboration with US based Halliburton Corporation to achieve the exact location of viable oil deposits, a new vista has been added to the ongoing search for commercial hydrocarbon in the inland sedimentary basins by the Research and Development Division of the Nigerian National Petroleum Corporation (NNPC). The Group General Manager in charge of […]

BUSINESS

Oil prices hit $49 a barrel, thanks to America

Daily Dispatch July 17, 2017

A slow down of oil drilling by American shale oil producers helped to move oil prices to  $49 a barrel in Monday trading, a good news for oil exporters such as Nigeria. Brent crude , the global benchmark, was up 8 cents at $48.99 a barrel by 1341 GMT. U.S. crude traded at $46.57, up 3 […]

BUSINESS

Influx of fairly used tyres forced Dunlop, Michelin out of Nigeria-SON

Daily Dispatch July 14, 2017

The Coordinator of Standard Organisation of Nigeria in Kwara, Mr Sunday Yashim, has said that the influx of fairly used tyres forced the two major tyre manufacturers in Nigeria, Dunlop and Michelin, to relocate to Ghana. Yashim said SON is determined to rid Nigeria of imported fairly used and expired tyres. Yashim made the commitment […]