Business & Economy - Page 76

The Nigerian stock market maintained its upward momentum on Thursday – yesterday, January 30 – driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market

Nigeria’s financial services system recorded electronic payment transactions to the tune of  N1.07 quadrillion in 2024 – a point never witnessed in the country’s financial services history. A quadrillion is an equivalent of N1,000 trillion – about $702.6 billion based on the

The Kebbi State Chapter of the Coalition of Northern Groups (CNG) has expressed strong reservations about the proposed tax reform bills currently before the Senate for consideration and possible passage into law. Co-ordinator of CNG, Kebbi State chapter, Comrade Mansur Isah

The Federal Government has launched a massive ultramodern fashion manufacturing hub in Maiduguri, which is expected to create over 48,000 jobs in Borno State. Vice-President Kashim Shettima, who inaugurated the facility on Tuesday – yesterday, January 28 – reiterated the government’s commitment

The Murtala Muhammed Area Command (MMA) of the Nigeria Customs Service (NCS) has announced a commanding achievement of N180.7 billion in revenue generation in 2024. Comptroller Micheal Awe, Customs Area Controller, MMA, who released the scorecard while briefing newsmen in Lagos on Tuesday

The Federal Inland Revenue Service(FIRS) and the Nigerian Sovereign Investment Authority (NSIA) have engaged government revenue agencies and private sector players on implementing the National Single Window (NSW) initiative for streamlined operations. Dr Zacch Adedeji, Executive Chairman of FIRS, said that

The Manufacturing Association of Nigeria (MAN) has reported a concerning trend within the industry, revealing that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023. This development is attributed to various economic difficulties, including exchange rate volatility,

The Nigerian stock market opened the week on a positive note to add N795 billion to the portfolios of investors. The performance was driven by the listing of 4.706 billion ordinary shares of Guaranty Trust Holding Company Plc(GTCO) at N44.50 per

The International Finance Corporation (IFC) has signed an agreement with five Distributed Renewable Energy (DRE) companies to support the rollout of mini-grid projects across Nigeria. The agreement was signed at the ongoing Mission 300 Africa Energy Summit in Dar es Salaam,

The growing presence of mid-level investors in the Nigerian capital market is crucial for boosting market liquidity, Olatunde Amolegbe, Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Ltd. has said. He was speaking on Monday – yesterday, January 27