19

Sep

Stock market extends bullish trend, up by 0.56%

The Nigerian stock market extended its bullish trend for the second consecutive session on Wednesday. The All-Share Index increased by 0.56%, closing at 98,230.92 points, up from the previous close of 97,685.64 points. Market Capitalization also grew by 0.56%, rising from N56.131 trillion to N56.447 trillion, adding N316 billion. A total of 361 million units of shares […]

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11

Sep

Crude Oil price falls below $70 per barrel

The international oil benchmark, Brent Crude, fell below $70 per barrel on Tuesday for the first time since the end of 2021, amid growing concerns about slowing global economic growth. Brent Crude dropped by more than three percent, falling below the $70 per barrel mark, while the main US contract, West Texas Intermediate (WTI), also experienced a[…]

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11

Sep

FG generated N1.56trn on VAT in Q2 2024-NBS

The National Bureau of Statistics (NBS) has reported that the Value Added Tax (VAT) for Q2 2024 was N1.56 trillion, marking a 9.11% increase from N1.43 trillion in Q1 2024. According to the NBS, local payments amounted to N792.58 billion, foreign VAT payments were N395.74 billion, and import VAT contributed N372.95 billion in Q2 2024. On a[…]

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