From Bala Nasir, Kano

Shareholders of Dangote Group Plc yesterday went home smiling with an impressive dividend payout of N22 billion.  The Dangote flour mills alone paid dividend of N4 billion just as plan has been finalised to begin direct and indirect exports of its products into neighboring countries like Chad, Cameroon, Niger and Sudan.

By Abdulwahab Isa

The Federal Inland Revenue Service (FIRS) has come up with a novel means of checkmating problem of trapped funds in the collecting banks.  It announced yesterday that, collecting banks designated to receive tax remittances are now required to deposit treasury bills with the Central bank of Nigeria as means of security for taxes collected by them.