Business & Economy - Page 90

By TAIYE OLAYEMI, NAN Investors on the Nigerian Stock Exchange (NGX) traded 1.848 billion shares worth N51.387 billion in 63,090 deals during the week. NGX, in its weekly report, made available in Lagos, said this in contrast to 2.001 billion shares valued

The Nigerian Exchange Group (NGX Group) has recorded a profit before tax of N13.6 billion, marking 157.3 per cent year-on-year growth, the group said in its 2024 audited financial results. The group said this in its 2024 audited financial results sent to

Alh. Abbas Jamilu, the National President, Market and Traders Association of Nigeria (MATAN) has urged members not to hike prices of goods and commodities ahead of Ramadan. Jamilu, in a statement on Friday – yesterday, February 28 – in Abuja, urged them

By RUKAYAT MOISEMHE The Impact Investment Foundation (IIF) has said that  establishing a centralised digital platform for information sharing and coordination will enhance the effectiveness of Enterprise Support Organisations (ESO) programmes in Nigeria. Ms Glover Etemore, Chief Executive Officer (CEO) of IIF, who

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has the  Nigeria Tax Bill,2024, will stifle the Free Trade Zones in the country. NACCIMA President, Dele Oye, who stated this at the ongoing public hearing organized by the House

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), has warned that Lagos State government levies are discouraging its members from accessing the Dangote Petroleum Refinery to lift products. The Lagos State Government in the drive for revenue have imposed

The Comptroller General of the Nigeria Customs Service (NCS), Mr Bashir Adeniyi, has raised concerns that the proposed Tax reform bills are in jurisdictional conflict with the NCS and will, consequently, legislate the agency out of existence. Adeniyi raised this

Despite strict measures, financial institutions in Nigeria lost N52.26  billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank Settlement System (NIBSS). This represents a significant increase of N34.59 billion compared to the N17.67 billion recorded in