The Acting Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has allayed business owners’ fears about the moves by the federal revenue agency to increase the country’s tax-to-GDP ratio to 18% from 10.86%, saying attaining the target will not necessarily involving raising tax rates. Adedeji, who restated the President Bola Tinubu-led administration’s […]
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, […]
Trading at the Nigerian Exchange (NGX) opened negative on Tuesday amidst buy-interests and sell-offs as bears dominated the trading session, thereby driving down the broad market’s value Consequently, the equities market’s All-share Index (ASI) slumped by 0.28% to close at 55,035.39 points while the market capitalization declined by N84 billion to close at N29.436 trillion. […]
Trading on the Nigerian equities market ended positive on Friday amidst buy-interests and sell-offs by investors as bulls dominated the session, driving up the broad market’s index. Data from the Nigerian Exchange Limited (NGX), the local bourse’s supervisory institution, indicated that at the end of the day’s trading, the All-share Index (ASI) surged by 0.55% […]
Trading on the Nigerian Exchange (NGX) opened positive on Monday as bulls dominated the trading session, thereby growing the All-share Index (ASI) by 0.28% to close at 54,367.74 points. Available data from the market’s supervisory institution showed that at the end of the trading session, market capitalization grew by N84 billion to close at N29.612 […]
The Nigerian Exchange (NGX) closed positive for the second consecutive day on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index. Available data from the market’s moderating institution showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.93% to close at […]
Exxon Mobil, the U.S Texas-based company and one of Nigeria’s major upstream operating companies, has opened talks on the sale of a suite of oil and gas fields in Nigeria as it focuses on new developments in U.S. shale and Guyana. A news report by Reuters on Tuesday indicated that already the company was exploring […]