The stock market on Thursday closed on a bearish note, occasioned by profit taking in 25 stocks. The All Share Index declined by 1.04% to close at 54,915.61 points from the previous close of 55,490.20 points. The Market Capitalisation closed at N29.916 trillion, down by 1.04% from the previous close of N30.229 trillion, thereby shedding N313 billion. […]
The Federal Government of Nigeria has launched a $600m programme for young Nigerians in the technology and creative sectors. The programme is targeted at young Nigerians from ages 15-35 who are entrepreneurs and involved in the early stages of creative, innovative and technology-enabled ventures. The Vice President Yemi Osinbajo at the event stated that Nigeria’s technology ecosystem[…]
The National Bureau of Statistics recently reported that Nigeria generated an aggregate of N697.38 billion as Value Added Tax (VAT) in Q4 2022. This shows a growth rate of 11.51% on a quarter-on-quarter basis from N625.39 billion in Q3 2022. Local payments recorded were N408.12 billion. Foreign VAT Payments were N159.83 billion, while import VAT contributed N129.43[…]