Nigeria’s Value Added Tax (VAT) collections in the second quarter of this year surged to N781.35 billion, representing a 10.11% growth when compared to the previous quarter’s N709.59 billion collection from the revenue source, the National Bureau of Statistics (NBS) has reported. The report highlighted the quarter-on-quarter, sectoral and year-on-year VAT collections. According to the […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that the bullish momentum that characterized trading sessions in the nation’s equities market over the past week may be reversed this week as the planned industrial action workers and other factors may impact negatively on the market’s performance. In […]
In what appears a continuation of the bullish sentiment that characterized many days of its trading sessions in August, the Nigerian equites market opened the first trading session in September on Friday bullish as investors sustained their confidence in the market. Consequently, the All-Share Index (ASI) rose by 1.47% higher to close at 67,527.19 index […]
Nigerian equities market closed on a bullish note as investors revved up their drive for blue-chip stocks with the attendant positive impact on the market’s breadth.. The All-Share Index (ASI), the benchmark index, traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading session. Similarly, […]
The Federal Government has suspended the Nigeria Air project of the immediate past administration of President Muhammadu Buhari as part of its current efforts to boost the performance of the aviation sector and make it globally competitive. The Minister of Aviation and Aerospace Development, Barrister Festus Keyamo, announced the suspension of the national carrier project […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, has stressed that the only way to prevent increase in telecom tariffs is for Nigerians to start creating local content that will add value to the telecom sector by reducing sector’s inputs’ importation. Danbatta, who made this remark this at the 2nd […]
The Chairman of BUA Cement Plc, Abdulsamad Rabiu has promised that the company’s cement prices will reduce as from January next year. Rabiu, who gave this assurance on Thursday while fielding questions from journalists in Abuja, said the decision was part of the company’s efforts to support the government and Nigerians. The Minister of Works, […]
The Nigerian equities market recorded a remarkable decline in value of capitalization barely 24 hours after its value hit a 15-year high on Tuesday as the All-Share Index (ASI) traded 0.08% lower to close at 66,439.53 index points. At the end of Tuesday’s trading session, the ASI, which is the benchmark index, closed at 66,490.34 […]
….as quoted CPs on FMDQ Exchange hits N117.32bn The FMDQ Exchange has reported that the Debt Management Office (DMO) sold Treasury Bills (TBs) worth N406.10 billion in all its auctions in July this year. The Exchange, in its ‘FMDQ Markets Monthly Report’ for the month under review, indicated that the TBs’ value increased by 0.39% […]
The Nigerian equities market closed on bullish sentiment at the end of Tuesday’s trading session as the All-Share Index (ASI), the benchmark index, neared an all-time high, thereby translating to N185 billion gain for investors. According to data from NGX, the market’s supervisory group, the trading indices of Tuesday’s trading represent the single-day all-time-high for […]