Finance
Non-oil sector contribution to total tax revenue rising — FIRS
Federal Inland Revenue Service (FIRS) says non-oil tax receipts have consistently contributed 75 to 90 per cent of total tax revenue in…
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Finance
Finance
Nigerian Equities market close in the Red, investors lost N9.2bn
Sell-offs in ZENITH (-1.8%), DANGSUGAR (-5.9%) and ETI (-2.5%) dragged the benchmark index lower by 7bps to settle at 25,532.74 points. Consequently, market capitalisation fell to…
Finance
The global economic recovery will take at least five years, World Bank’s Reinhart says
The global economic recovery from the recession created by the Covid-19 pandemic will probably take at least five years, according to the chief economist…
Finance
Sustained profit-taking drags performance at Nigeria stock market
Today, the domestic equities market sustained losses on account of profit-taking in WAPCO (-3.7%), UBA (-3.3%) and ZENITH (-1.2%) as the All-Share Index declined…
Finance
Pandemic threatens human capital gains of the past decade—World Bank report
The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human…
Finance
CBN urges banks to lift loans to agriculture to 10%, sets to establish infrastructure coy
Nigeria needs to more than double the proportion of bank loans it makes to the agricultural sector to 10% within the next…
Finance
COVID-19: Financial expert urges CBN to support banks
A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address…
Finance
Nigerian Stock market posts loss… ASI down 3bps
At the close of trade, the domestic equities market posted a loss as the All-Share Index fell marginally by 3bps to settle at…
Finance
Afreximbank, ITFC partner ARSO to Facilitate Intra-African Trade in pharmaceuticals, medical devices, under AATB Program
The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO),…
Finance
Nigerian Equities Market opens positive investors gain N7.1bn
The local bourse opened the week on a positive note as the All-Share Index rose 5bps to settle at 25,605.59 points due to…
Finance
Nigerian equities market Bearish sentiment resurfaces, investors lost N7.1bn
Last week, the equities market closed lower as bearish sentiment resurfaced. The All-Share Index slipped 5bps w/w to 25,591.95 points due to sell-offs…
Finance
Nigeria’s total debt stock rises to N31.0trn mark
Nigeria’s Total Public Debt Stock stood at N31.009 trillion as of June 30, 2020. This fact is contained in a press release…
Finance
Access Bank committed to creating value for shareholders” – Herbert Wigwe
Group Managing Director of Access Bank PLC, Herbert Wigwe has assured all stakeholders of the Bank’s commitment to offering greater share value. “Leveraging…
Finance
Bargain hunting halts Bearish momentum, investors gain N50.1bn
The local bourse recorded the first gain this week as the All-Share Index advanced 38bps to settle at 25,520.97 points owing to bargain…
Finance
Ecobank digital series: education stakeholders advocate more private sector investment
Stakeholders in the Nigerian Education sector have advocated more private sector investment, tax concession, import duty waivers for educational equipment and special intervention…