BUSINESS

Capital Market: Senate receives three bills from SEC

Daily Dispatch June 17, 2017

The Security and Exchange Commission (SEC), on Thursday,  presented three draft bills to the Senate, aimed at enhancing the operations of the capital market and reposition it as a dependable catalyst for economic recovery. The Director General of SEC, Mounir Gwarzo, said the bills were in

BUSINESS

Nigerians in Diaspora Remit $445bn in 2016 – UN report

Daily Dispatch June 16, 2017

Global migrant workers sent back to their home countries 445 billion dollars in 2016, lifting millions out of poverty, a report released by a UN agency has said. The report, titled Sending Money Home: Contributing to the SDGs, One Family at a Time and published on Wednesday, said currently about 200 million migrants, by sending […]

BUSINESS

FG to deploy tax liaison officers to mosques, churches, markets

Daily Dispatch June 16, 2017

The federal government has launched a tax enlightenment campaign to canvass tax payments at mosques, churches, markets and other public places. Speaking while launching the scheme, titled; Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS), the Minister of Finance, Mrs Kemi Adeosun said the project will engage 7500 young Nigerians through the N-Power portal.

BUSINESS

Economy will record positive growth by third quarter of 2017 – Bankers’ committee

Daily Dispatch June 16, 2017

The Director of Banking Supervision, Central Bank of Nigeria (CBN), Mr Ahmed Abdullahi on Thursday said that the economy would record tremendous improvement by the third quarter of the year. Abdullahi said while briefing newsmen on the outcome of the 333rd Bankers’ Committee meeting in Lagos. According to him, this is because the foreign exchange […]

BUSINESS

Oil hits six-week low as OPEC fails to curb oversupply

Daily Dispatch June 15, 2017

Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production cuts. Brent crude oil fell 30 cents to $46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little ground to trade around $46.80 by 0755 […]

BUSINESS

NSE market capitalisation rallied N158 bn in bullish trading

Daily Dispatch June 14, 2017

After two days of profit taking, activities on the Nigerian Stock Exchange (NSE) on Wednesday closed upbeat with the market capitalisation growing by N158 billion in a day. The News Agency of Nigeria  (NAN) reports that the market capitalisation improved by N158 billion, representing a growth of 1.38 per cent to close at N11.618 trillion against […]