09
DecThe National Bureau of Statistics (NBS) has reported that amount realized from Company Income Tax (CIT) for Q3 2024 was N1.77 trillion, indicating a decline of 28.20% on a quarter-on-quarter basis from N2.47 trillion in Q2 2024. Local payments received were N920.91 billion, while Foreign CIT Payment contributed N852.29 billion in Q3 2024. On a quarter-on-quarter basis, […]
09
DecEQUITY A total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals. The Financial Services Industry (measured by volume) led the[…]
04
DecThe revised regulation on the administration of retirement and terminal benefits by the National Pension Commission (PENCOM) has allowed low income earners to withdraw total retirement savings. According PENCOM, low-earning pensioners are now permitted to withdraw their total retirement savings en bloc or continue to receive their monthly pension pending the approval of the Minimum Pension Guarantee.[…]
