BUSINESS

FIRS steps up enforcement, shuts tax-owing companies in Lagos, Abuja, Imo

Daily Dispatch May 9, 2017

In continuation of its enforcement initiative, the Federal Inland Revenue Service on Monday sealed premises of tax-owing companies in Lagos, Abuja and Orlu, Imo State. In Lagos, the FIRS team, led by Anita Erinne, sealed Autobahn Techniques Limited at 348, Ikorodu Road over an aggregate tax

BUSINESS

CBN pumps $81.2m for BTA, PTA, tuition fees, SMEs segments

Daily Dispatch May 8, 2017

Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria on Monday intervened with $81.2 million in the invisibles and Small and Medium Enterprises segments. A breakdown of the interventions indicated that the Bank provided $44 million to meet customers’ requests for invisibles such as […]

BUSINESS

FG targets 130, 000 hectares of irrigated agriculture by 2020 – Minister

Daily Dispatch May 8, 2017

The Federal Ministry of Water Resources says it has began the implementation of the National Roadmap toward increasing the country’s irrigated agriculture from 100,000 to 130, 000 hectares by 2020. The Minister, Mr Suleiman Adamu, told the News Agency of Nigeria (NAN) in Abuja in Monday, that this was part of the ministry’s plan to […]

BUSINESS

UBA revolutionises mobile payments with *919# Magic Banking

Daily Dispatch May 8, 2017

In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# enables

BUSINESS

Dangote dissociate self from “Happy World Meal Gate” ponzi scheme

Daily Dispatch May 8, 2017

The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, PZ Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food. The group in a release said: “Contrary to […]

BUSINESS

PEBEC has created enabling environment for business-VP Osinbajo

Daily Dispatch May 5, 2017

The Vice President, Yemi Osinbajo has asserted that the Presidential Enabling Business Council, PEBEC, of the Federal Government, has created an enabling environment for small and medium scale business in the country. Osinbajo, who spoke in Jos, Plateau State, on Thursday said PEBEC was currently being implemented by the relevant agencies so as to create […]