The Federal Inland Revenue Service (FIRS) has reiterated the need for improved collaboration among countries and international stakeholders for the purposes of exploring alternative rules that will enable market jurisdictions, particularly African countries, to effectively subject digital businesses to tax. The Executive Chairman of the FIRS, Mr. Muhammad Nami, made this remark last weekend at […]
In a bid to fully digitalize operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) Nigeria is proposing some guidelines that will enable investors in the capital market to be able to do virtually everything they need to do on their internet-enabled appliances and at their convenience. The guidelines are contained in […]
The Debt Management Office (DMO), has announced the offering of two Federal Government of Nigeria (FGN) bonds for subscription. The Office disclosed on Monday that first offer is a two-year FGN savings bond, which will be due on May 18, 2024, at an interest rate of 7.93 per cent per annum while the second is […]
Bancorp Securities Limited, one of Nigeria’s investment market consulting firm, has predicted that it expects that the bullish trend that persisted in the equities market at the close of trading last Friday would be sustained this week, although on a less aggressive note. The firm’s researchers hinged the forecast on the fact that despite the […]
Latest reports by the Organisation of Petroleum Exporting Countries (OPEC) have indicated that Nigeria’s crude oil exports in the first quarter this year were 22.658 million barrels lower than the approved quota for the country. This implies that despite the Nigerian government’s desire to boost revenue, the country lost about of N1.22 trillion based on […]
Nigeria’s power generation fell marginally on Sunday by 0.3% to 87.8kMWh from 88.1kMWh recorded in the previous day, This followed a significant downturn recorded on Friday last week as electricity generation crashed to a one-month low. According to the Transmission Company of Nigeria (TCN), energy supply declined by 0.25% to 86.5kMWh on Sunday from 86.7kMWh […]
The Major Oil Marketers Association of Nigeria (MOMAN) on Monday refuted claims by airlines’ owners that Aviation Turbine Kerosene (ATK), also known as aviation fuel, was being sold at N700 per litre in some parts of the country. The association’s Executive Secretary, MOMAN, Mr. Isong reportedly debunked the claims during an interview with the News […]
Analysts at Berenberg, a Germany-based multinational full-service investment bank, have described the conflict between Russia and Ukraine as “the final nail in the coffin” for many investors who have become “increasingly disenchanted with the subsector’s perceived proclivity to lose money.” The investment bank noted that heavy natural catastrophe losses over the past five years, combined […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, at the weekend called on farmers and other agricultural sector’s stakeholders in the country to support its about-to-kick off National Agriculture Sample Census (NASC) given the exercise’s potential positive socio-economic implications for the nation’s sustainable development. The representative of the Statistician General […]
The Nigerian Communications Commission (NCC) has assured telecom subscribers in the country that that no tariff increase will be effected by telecom services providers without due regulatory approval by it. The industry regulator in a statement by its Director, Public Affairs, Dr. Ikechukwu Adinde, indicated that it had monitored with keen interest reports in the […]