Economic diversification: we must act now, says Dangote
Alhaji Aliko Dangote, the Chairman Dangote Group on Wednesday said government and other major stakeholders must be more proactive to ensure that diversifying the nation’s
Category : Finance
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Petrol imports gulped N1.71tn in 2019, says NBS
The amount spent on petrol imported into the country dropped by 42 per cent to N1.71tn in 2019, data obtained from the National Bureau of
Declining oil price, COVID-19 outbreak to affect Nigeria’s capital market – SEC
Ms Mary Uduk, the Acting Director-General of the Securities and Exchange Commission (SEC) says the global decline in oil prices and outbreak of coronavirus will
VAT on contracts signed earlier than Feb.1 remains 5% – FEC
The Federal Executive Council (FEC) has resolved that Value-Added Tax (VAT) on contracts signed earlier than Feb.1 remains 5 per cent. Malam Garba Shehu, Senior
NSE market indices down by 3.35%, as sell pressure persists
Sell pressure continued on the nation’s bourse on Wednesday with the market indices declining further by 3.35 per cent, amid loses in blue chips. The
Aggregate industry credit rises to N17.4 trn — CBN
The Central Bank of Nigeria (CBN) says the aggregate industry credit has risen from N15.3 trillion in May 2019 to about N17.4 trillion in January
Total value of capital importation increases by 42.69% in 2019 – NBS
The total value of capital importation in 2019 was 23.990 billion dollars, compared to 16.812 billion dollars in 2018, representing a growth of 42.69 per
NSE market capitalisation drops further by N656bn
Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to
Buhari seeks amendment to Finance Act
President Muhammadu Buhari on Tuesday sent an Executive Bill to the Senate to amend aspects of the recently assented Finance Act, 2019. Senate President Ahmad
Peterside boycotts CBN’s forum over Sanusi’s ordeal
Miffed by the dethronement of Muhammadu Sanusi II, the founder of Stanbic IBTC Holdings Plc, Atedo Peterside, Tuesday, said he would not honour an invitation
