The Nigerian capital market investors started trading bullishly on Monday with the Nigerian Stock Exchange’s All Share Index (ASI) rising by 0.16 percent or 16 bases points over the last trading’s ASI to close at 27,035.78 points. Largely, the positive trend in the index was buoyed by gains recorded by some blue chip stocks, including […]
The National Bureau of Statistics (NBS) on Monday reported that the total value of capital importation into Nigeria in the third quarter of this year (July-Sept 2019) stood at $5,367.56 million, representing a – 7.78% drop from the value of capital imported in the preceding quarter. However, when compared with the value of capital imported […]
Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]
The Securities and Exchange Commission (SEC) has removed the regularisation deadline earlier set for shareholders that opened accounts for the purchase of shares with different names to regularise them. The removal of the deadline, which was confirmed in a statement by the commission issued on Sunday, was part of the outcome of the third Capital […]
The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.28% in the third quarter of 2019, representing 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. According to the official statistics producing agency, the third quarter growth rate represents the second […]
The National Bureau of Statistics (NBS), in collaboration with the Federal Ministry of Water Resources and UNICEF, will this Sunday, November 24, flag off a WASH – NORM Survey in Nigeria to collect latest information on improved water access, the percentage of Nigerians who are involved in open defecation, and general sanitation practices. The WASH […]
State governors on Thursday expressed support for the Finance Bill, which seeks to increase Value Added Tax (VAT) from five per cent to 7.5 per cent, among other revenue generation and fiscal proposals. The Vice-chairman of the Nigerian Governors Forum (NGF), Aminu Tambuwal, gave the governors’ position on the proposed hike of the VAT rate […]
The Nigeria Sovereign Investment Authority (NSIA) on Thursday disclosed that it posted N68.3 billion as profit from January 2018 to June 30 this year from its various investment activities. The Managing Director of state-owned investment authority, Mr Uche Orji, who made the disclosure at the end of the National Economic Council (NEC), meeting held in […]
The House of Representatives on Thursday directed its Committees on Marine and Institutions and Public Procurement to commence immediately a probe into the $195 million security contract allegedly awarded to an Israeli outfit to provide security and surveillance on Nigeria’s waterways. The probe of the contract awarded by the Ministry of Transportation was based on […]
The Permanent Secretary, Special Duties at the Federal Ministry of Finance, Budget and National Planning, Dr. Muhammed Dikwa, on Thursday disclosed that Federal Government had saved N594.09 billion from the implementation of the Whistle Blowing Policy since its inception in 2016. Dikwa gave this hint while speaking at a workshop on the overview of whistle […]