BUSINESS

FG To Part-Fund Budget With TSA-Idris

Daily Dispatch February 16, 2017

The Federal Government is currently planning a framework that will allow it to deploy some of the funds in the Treasury Single Account for the implementation of projects contained in the national budget. The Accountant General of the Federation, Alhaji Ahmed Idris, disclosed this on the

BUSINESS

FirstBank: Making Sustainable Impact Through Corporate Citizenship

Daily Dispatch February 16, 2017

First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand, has distinguished itself through its various interventions in its Corporate Responsibility and Sustainability programme. The Bank has defined its approach to doing business responsibly as Corporate Citizenship and this involves positively impacting the lives of key stakeholders and the society at large.

BUSINESS

FIRS makes N3.3t in 2016

Daily Dispatch February 16, 2017

The Federal Inland Revenue Service made a record N3.303 trillion in 2016, its Chairman, Babatunde Fowler, disclosed in Lagos, shredding earlier reports of the revenue made for the central government by the agency. Earlier reports had said the agency only raked in between N1.2 trillion and N2 trillion for the year, as against N2.92 trillion […]

BUSINESS

Dangote, Farmers, Sokoto Sign Rice Growers’ Agreement

Daily Dispatch February 16, 2017

Dangote Rice Limited has signed a tripartite agreement with out-grower rice farmers and Sokoto State to create 16,000 jobs. Parties to the agreement pledged to ensure the success of the scheme to make Nigeria self-sufficient in rice cultivation. The agreement was signed during the launch of the Dangote rice outgrower Scheme in Goronyo, Goronyo Local […]

BUSINESS

Power Generation Hits 4,043MW As gas Supply Improves

Daily Dispatch February 15, 2017

The Transmission Company of Nigeria says the nation’s power generation rose from 3,528MW to 4,043MW between February 1 and February 15. TCN, in its website, said that the 515MW increase in generation as at February 15 was due to slight increase in gas supply to some power generating companies. It said, “The total output of […]

BUSINESS

U.S To Inject $1bn Into Nigeria’s Power Sector

Daily Dispatch February 15, 2017

The United States of America has said it will pump one billion dollars into Nigeria’s power sector. Power Africa, an initiative by the US government to strengthen Africa’s power system is aimed at increasing electricity access and adding more than 30,000 megawatts of cleaner, more efficient energy development in sub-Saharan Africa. Speaking a press conference