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 […]

11

Sep

Investors gain N343bn as stock market rises by 0.62%

Transactions on the floor of the Nigerian Exchange on Tuesday, September 10th, 2024, closed on a positive note. The All-Share Index appreciated by 0.62%, rising from the previous close of 96,206.46 points to 96,802.80 points. Investors gained N343 billion as the Market Capitalization increased from N55.283 trillion to N55.626 trillion. A total of 406,194,548 units of shares[…]

09

Sep

‘Dangote Petrol to hit market September 15, no guarantee of lower pricing’- NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to commence lifting petrol from the Dangote Refinery on September 15. However, the company has cautioned that there is no guarantee of lower fuel prices. In a statement issued by NNPCL’s Chief of Corporate Communications Officer, Olufemi Soneye, the company emphasized that the pricing of petroleum products,[…]