The Federal Government has said the controversial Nigeria Air project remains suspended as the Minister of Aviation and Aerospace Development, Festus Keyamo, awaits President Bola Tinubu’s decision on the …
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NGX: Equities market begins week on losing note as investors lose N20b
The equities market started the week on a losing note as investors recorded a loss of N20bn at the end of trading session on Monday, July 1, 2024. This is …
Read More »Banking, trading, manufacturing sectors lead as capital importation surges by 210% in Q1 2024- NBS
The banking, trading and manufacturing sectors led the way as Nigeria’s capital importation grew by 210.16 percent in the first quarter (Q1) of 2024. This is according to the latest …
Read More »Volume of non-bank transactions pose threat to West Africa’s financial stability- Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has expressed worries over the rising volume of non-bank transactions, which he said, threatens financial stability in West Africa. …
Read More »SEPLAT, TRANSCORP HOTEL, UCAP, LASACO top list of stocks to watch this week Business/The entities
SEPLAT, TRANSCORP HOTEL, LASACO and UCAP topped the list of stocks to watch in the new week after investors gained N178.05 billion after five days of trading. The equities market …
Read More »CPPE demands extension of executive order to agric, energy, others
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to replicate the recent Executive Order that eliminates import duties, Value Added Tax (VAT) and excise …
Read More »Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time
Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week. The Debt Management Office (DMO) revealed this in a data …
Read More »Facts Only: Common pension fears and the truth
Okay, let’s bust some pension myths and inject some fun into your future financial planning! Myth #1 – Pensions are only for older adults: Nope! Pension contributions are for anyone …
Read More »Import duty: Bank plane grounded as FG clamps down on private jets
•Aircraft stopped from flying over alleged N1.9bn unpaid import duties The Federal Government through the Nigeria Customs Service has grounded a United States-registered Gulfstream G650ER jet belonging to a …
Read More »SEC plans sanction for issuing houses over bank recapitalisation rule violations
To ensure compliance with banking sector recapitalisation guidelines, the Securities and Exchange Commission has threatened to impose a N1m penalty on banks if they fail to submit complete capital …
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