Nigerian stock market on Wednesday declined as 21 stocks closed the day lower The All Share Index dropped by 0.07% to close at 68,286.28 points from the previous close of 68,334.68 points. The Market Capitalisation declined by 0.07% to close at N37.374 trillion from the previous close of N37.400 trillion, thereby shedding N26 billion. An aggregate of […]
President Tinubu at the G-20 Summit has said that his administration to rekindle confidence in Nigeria’s economy and all barriers to investment would be dismantled. President Tinubu gave the assurance in New Delhi, India, during his meeting with the Chairman and Chief Executive Officer (CEO) of Hinduja Group of Companies, Mr. Prakash Hinduja. He emphasised that the country[…]
The National Bureau of Statistics has reported that an aggregate of N781.35 billion was generate as Value Added Tax (VAT) in Q2 2023. This represents a growth rate of 10.11% on a quarter-on-quarter basis from N709.59 billion in Q1 2023. According to NBS, Local payments recorded were N512.03 billion, Foreign VAT Payments were N142.63 billion, while import[…]