FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
No investment of USD1bn with Milost – Unity Bank
Contrary to a Bloomberg’s report claiming that Milost Global Inc plans to invest USD1bn in Unity Bank Plc, the Bank has unequivocally stated that it has not reached any agreement with Milost to warrant such speculation.
Bearish sentiment persists as 31 equities shed weight
The bearish sentiment on the Nigerian Stock Exchange, NSE, persisted Tuesday with the prices of 31 equities tumbling.
Buhari approves negotiations for $15bn loans to finance rail projects
President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt – Maiduguri rail project.
AfCFTA: association advises FG on awareness creation, consultation
The National Association of Nigerian Traders (NANTS), has advised the Federal Government to consult extensively and create awareness on the implication of signing the Africa Continental Free Trade Area (AfCFTA) Agreement.
NSE market capitalisation dips N57bn, despite Dangote Cement dividend
The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday depreciated further by N57 billion in spite of N10.50 per share dividend declared by Dangote Cement.
