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Latest News in Nigeria - Page 52

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Stock Market Gains As Nigerian Exchange All-Share Index Rises By 0.72%

The Nigerian stock market recorded notable growth in the trading week ending Friday, December 6, with the NGX All-Share Index (ASI) and equities market capitalization both rising by 0.72%. The ASI closed at 98,210.75 points, while the market capitalization ended the week

December 7, 2024

Business·News

Tax Reform Bill: How Does It Affect You?

In August 2023, Nigeria took a significant step towards fiscal restructuring when President Bola Ahmed Tinubu inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms in Abuja. This committee was tasked with a complex mission: overhaul Nigeria’s tax system to ensure

December 7, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Naira’s Path To Stability: How Long Will It Keep Appreciating?

The naira has long been a subject of concern for Nigerians. It has faced turbulent times, often spiralling downward due to economic instability, limited foreign reserves, and speculative trading. However, recent events have breathed new life into the currency. The introduction of

December 7, 2024

Port Harcourt Refinery Shutdown: Marketers Call On Minister, NNPCL GCEO To Intervene

Business·News·Oil & Gas

Work Ongoing On 150,000bpd Second Port Harcourt Refinery – Presidency

The presidency has confirmed that work is progressing steadily on the 150,000 barrels per day (bpd) plant of the Port Harcourt Refinery in Rivers State. Special Adviser on Information and Strategy to President Bola Tinubu, Mr. Bayo Onanuga, shared this update after

December 6, 2024

Resistance To Tax Reform Bills A Product Of Misinformation, Misinterpretation – Ogun Governor

News·Top Stories

Resistance To Tax Reform Bills Product Of Misunderstanding – Ogun Gov

Governor Dapo Abiodun of Ogun State has emphasised that the resistance to Nigeria’s proposed tax reform bills is largely a result of misinformation and misinterpretation. Speaking at the Africa Investment Forum in Rabat, Morocco, on Thursday, the governor argued that better communication

December 6, 2024

How 29 State Governors Spent N2tn On Travel, Sitting Allowances, Others— Report

News·Politics

Report Reveals How 29 Governors Spent N2tn On Recurrent Expenditures

A recent report has revealed that 29 state governors in Nigeria collectively spent ₦1.994 trillion on various recurrent expenditures in the first nine months of 2024. These expenditures included travel costs, sitting allowances, refreshments, and utility payments, sparking concerns over fiscal discipline

December 6, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Stock Market Dips By 0.06% As Trading Volume Reaches N12.84bn

The Nigerian stock market experienced a downturn on Thursday, with key indices closing slightly lower by 0.06%. This came as investors refrained from aggressive buying, causing the All-Share Index (ASI) to dip from 98,174.99 points to 98,114.11 points. Performance Indicators Show Marginal

December 6, 2024

Business·FEATURES·News·Top Stories

Tax Reform Bills: How Good Policy Can Turn Sour

When the Nigerian government unveiled the Tax Reform Bills, it was met with cautious optimism. Promising to streamline over 66 tax levies into a manageable eight and boost investment through equitable tax measures, the initiative seemed poised to address long-standing inefficiencies in

December 6, 2024

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·News·Top Stories

Naira Gains Stronger Footing As Dollar Dips To N1,567 Following CBN’s Fx Policy

The Naira strengthened significantly across foreign exchange markets on Thursday, closing at N1,567 to the dollar. This marks a N41 or 2.5% gain from Wednesday’s rate of N1,608 at the Nigerian Foreign Exchange Market (NFEM), according to data from the Central Bank

December 5, 2024

Business·News·Top Stories

Sanwo-Olu Explains Nigerians’ Resistance To Tax Reform Bills

Governor Denies Lagos’ Dominance Over Tax Reform Bills Governor Babajide Sanwo-Olu of Lagos State has clarified misconceptions about the recently proposed tax reform bills, denying claims that Lagos would disproportionately benefit from the reforms. Speaking on the sidelines of the Africa Investment

December 5, 2024

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Latest News in Nigeria - Page 52

Stock Market Gains As Nigerian Exchange All-Share Index Rises By 0.72%

Tax Reform Bill: How Does It Affect You?

Naira’s Path To Stability: How Long Will It Keep Appreciating?

Work Ongoing On 150,000bpd Second Port Harcourt Refinery – Presidency

Resistance To Tax Reform Bills Product Of Misunderstanding – Ogun Gov

Report Reveals How 29 Governors Spent N2tn On Recurrent Expenditures

Stock Market Dips By 0.06% As Trading Volume Reaches N12.84bn

Tax Reform Bills: How Good Policy Can Turn Sour

Naira Gains Stronger Footing As Dollar Dips To N1,567 Following CBN’s Fx Policy

Sanwo-Olu Explains Nigerians’ Resistance To Tax Reform Bills

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Rep Raises the Alarm Over Mismatched Gazetted Tax Reform Laws

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Reconstitution of the Nigerian Electricity Regulatory Commission (NERC) Board

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Latest News in Nigeria - Page 52

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