Investors in the Nigerian equities market gained N343 billion at the close of trading on Tuesday. This followed an increase in the share prices of stocks like SFS REIT, RT …
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Tinubu boasts his government restoring confidence in Nigeria’s economy
President Bola Tinubu declared on Tuesday his administration has started restoring confidence in Nigeria’s economy through its reforms. He stated this at the 17th Annual Chartered Institute of Bankers of …
Read More »NNPC, Chevron sign agreement to convert five OMLs to PPLs, PMLs, target 165,000bpd by Dec 2024
The Nigerian National Petroleum Company (NNPC) Limited has announced the signing of an agreement with Chevron Nigeria Ltd (CNL), its joint venture (JV) partner, on the conversion of five oil …
Read More »TUC urges CBN, Customs to grant NNPCL special forex rate
The Trade Union Congress (TUC) has made a passionate appeal to the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to grant the Nigerian National Petroleum Company …
Read More »NGX: Equities market begins week in red as investors lose N111.15bn
The Nigerian equities market began the week on a negative note on Monday, September 9, 2024 as investors lost N111bn at the end of the trading session. This followed a …
Read More »Nigerian govt rules out VAT increase beyond 7.5%
The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, said on Monday the Federal Government has not increased the Value-Added- Tax (VAT) to 10%. Former Vice …
Read More »VAT revenue reached N1.5tr in Q2/24 – NBS
The National Bureau of Statistics (NBS) said on Monday revenue generated from Value Added Tax (VAT) rose to N1.56 trillion in the second quarter of this year. The figure represents …
Read More »SEC promises actions against unregulated crypto exchanges
The Securities and Exchange Commission (SEC) has warned that it would soon commence enforcement actions against all individuals and business entities, including crypto exchange platforms operating outside its regulations. This …
Read More »IMG, Berger, E-tranzact, UACN, others top list of stocks to watch this week
Investors in the Nigerian equities market endured mixed trading sessions on the floor of the Nigerian EXchange Group (NGX) last week. The bourse recorded gains in three of the five …
Read More »‘We’ll transfer N9,999,” Nigerians devise means to escape FG’s electronic levy
Nigerians have devised an ingenious means to escape the deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by them. They took to …
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