BUSINESS

BREAKING: Senate Stops Customs From Collecting Duties on Old Vehicles

Daily Dispatch March 7, 2017

The Nigerian Senate has blocked the Nigeria Customs Service from going ahead with the proposed plan to collect duties on all vehicles in the country, including old ones. The Senate resolved that the Customs should drop the move until its Comptroller-General Hameed Ali has appeared before the

BUSINESS

Fuel Scarcity Looms- IPMAN Warns

Daily Dispatch March 4, 2017

Independent Petroleum Marketers Association of Nigeria (IPMAN), has warned of imminent fuel scarcity in the six states of the country due to what it described as an unfriendly business environment caused by the Nigerian National Petroleum Corporation (NNPC). The association also accused private depots in the country of selling petroleum products above the government

BUSINESS

No more ‘Ghana-Must-go’ bags on Dubai bound flights

Daily Dispatch March 4, 2017

The Vice President of  terminal operations at the Dubai International Airport, Ali Angizeh, has said from March 8, irregular-shaped or over sized bags will not be allowed into Dubai, UAE. Angizeh explained that such bags could disrupt the advanced baggage systems that would soon be introduced. For Nigerian travellers, this means the popular ‘Ghana Must […]

BUSINESS

Shoprite Condemns Xenophobic Attacks

Daily Dispatch March 3, 2017

Shoprite Nigeria on Friday strongly condemns any kind of xenophobic violence and intimidation against the citizens of other countries, anywhere in the world. The retailer in a statement made available to the Nation expressed concern about the acts of violence against foreign nationals that sporadically flare up in South Africa and the resultant rhetoric of […]

BUSINESS

Buhari Inherited A Bad Economy, Made It Worse – Soludo

Daily Dispatch March 3, 2017

A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Thursday said President Muhammadu Buhari had worsened the “very bad” economic situation he inherited when he assumed power in 2015. Punch report that Soludo spoke at the ‘Big Ideas Podium’, a public policy debate organised by the Afri Heritage Institution in Enugu, […]

BUSINESS

Tax Evasion: FIRS Shut Hotel, Versity Micro Finance Bank

Daily Dispatch March 3, 2017

The Federal Inland Revenue Service continued its nationwide tax enforcement exercise on Thursday, shutting Mirage Hotel in Calabar, the capital of Cross River State. Upon its arrival at the hotel, the FIRS team discovered the hotel had stopped operating. Anita Erinne, the leader of the FIRS enforcement team, said the hotel management owed N13,672,901.00 of […]