By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) on Tuesday recorded 1.24 billion shares traded, valued at N29.8 billion, in 28,009 transactions. This is compared to 383.9 million shares worth N11.61 billion posted on Monday and exchanged in 28,114 deals. This marked an increase in the market value and volumeContinue Reading
By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) has urged all Africans to strongly trade, invest and build for a greater economic sustainability. Chief Emeka Obegolu, President of the chamber, made the call at the of 20th Abuja International Trade Fair (AITF), on Monday in Abuja. Obegolu saidContinue Reading
By Taiye Olayemi The equities market opened the week on a positive note on Monday, as investors gained N155 billion. Market capitalisation rose from N89.960 trillion on Friday to N90.115 trillion, representing a 0.17 per cent growth. Also, the All-Share Index gained 244.53 points to close at 142,377.56, against 142,133.03Continue Reading
By Rukayat Moisemhe Insolvency experts have called on banks and practitioners to align loan agreements and practices with the rescue provisions of the Companies and Allied Matters Act (CAMA) 2020. Mr Albert Folorunsho, the Vice President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), made the call at BRIPANContinue Reading
By Taiye Olayemi The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to strengthen the financial stability of the pension industry. The commission disclosed this inContinue Reading
By Taiye Olayemi The Presidential Committee on Fiscal Policy and Tax Reforms says the new Capital Gains Tax (CGT) regime on shares is designed to reduce business risks, strengthen investor confidence, and create a fairer tax system. Continue Reading
By Vivian Emoni Business owners have called for greater collaboration with government at all levels, and other relevant stakeholders to boost economic growth across the country. They made the call in an interview with the News Agency of Nigeria (NAN) at the opening of the 20th Edition of Abuja InternationalContinue Reading
By Simon Akoje Some financial experts have commended the Federal Government for raising Nigeria’s external reserves to 42 billion dollars, the highest in more than five years. They urged government to sustain the gains by strengthening the naira, supporting production, and creating a friendlier business climate to ensure broader benefitsContinue Reading
By Rukayat Moisemhe and Aisha Cole The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) on Friday agreed on strategic exemptions from the recently suspended four per cent Free on Board (FoB) charge. They also outlined fresh trade facilitation measures to ease manufacturing operations andContinue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are deepening partnership to ease business registration for small business owners in the country. The Registrar-General of CAC, Mr Hussaini Magaji, said this during the signing of a Memorandum of Understanding (MoU)Continue Reading
