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AugNigeria’s New Tax Reform Bills: Implications for the Economy and Capital Market
President Bola Tinubu has signed four (4) new Tax Reform Bills into law, comprising the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA). The new laws are expected to take effect in 2026. The reforms aim to […]
25
AugStock market returns -2.51% WoW amidst profit taking
The Nigerian equities market last week closed on a bearish note on the backdrop of selloff in Dangote Cement, MTN Nigeria and 52 other stocks that closed the week lower. The All-Share Index was down by 2.51% to close at 141,004.14 points from 144,628.20 points recorded the previous week. Investors lost[…]
28
FebMTN Nigeria’s revenue hits N3.36 trillion in FY 2024, declares N400bn loss after tax
The Audited Financial Statements of MTN Nigeria Communication Plc for the year ended 31 December 2024 shall revealed the Company incurred loss after tax of N400 billion for the 12 months period. The telecom giant reported revenue of N3.358 trillion for the 12 months period, up by 36.03 % from[…]
28
FebLafarge Africa Plc declares N1.20 dividend to shareholders as profit rises by 95.82%
Lafarge Africa Plc (WAPCO) has declared a final dividend of N1.20 to its shareholders for the year ended 31 December 2024. The Cement Manufacturer reported revenue of N696.758 billion for the 12 months period, up by 71.38% from N405.503 billion reported the previous year. Profit after tax grew year on[…]
