FG cuts interest on late tax payments
…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by taxpayers for late settlement of their tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax […]
Stock market sustains positive sentiment as investors await MPC meeting
By Peter Egwuatu The outcome of the Central Bank of Nigeria,CBN’s Monetary Policy Committee, MPC meeting this week will determine further direction of the stock market, even as investors sustained the return of bullish momentum last week. The Nigerian Exchange Limited, NGX closed last week on a positive note, as buying interest in BUA Foods, which […]
Zenith Bank’s gross earnings hit N2.5trn in H1’25
*Declares N1.25 interim dividend By Peter Egwuatu Zenith Bank Plc has recorded a robust 20% Year onYear, YoY increase in gross earnings, rising to N2.5 trillion in the first half ending June 2025, H1’25 from N2.1 trillion recorded in the corresponding period 2024,H1’24. The Bank posted an impressive Profit Before Tax, PBT and Profit After […]
Crude oil imports hit record high as Dangote Refinery reshapes trade flow
•Low output impacts domestic crude supply — Reports • Bulk of crude dedicated to future contracts — CPPE •Imported petrol drops 7.45% to 998,500 metric tons •More vessels deliver crude oil, load refined products — Consultant •We are seeing favourable trade balance, foreign exchange — MEMAN By Udeme Akpan &Godwin Oritse Nigeria has recorded a sharp […]
Foreign investment on stock market rises to N1.3 trn in 7 months
Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence.
Ajaokuta Steel Company in good shape, says FG
By Gabriel Ewepu THE Federal Government, yesterday, declared that Ajaokuta Steel Company is in good shape as against media reports recently. This was contained in a statement signed by the Head, Press and Public Relations Department, Ministry of Steel Development, Salamatu Jibaniya. The statement reads in part: “The attention of the Federal Ministry of Steel Development […]
