Latest News
-
1.1KOpinionAccounting for VAT in Manufacturing Industry: Cashflow and Compliance Challenges
The manufacturing industry is a vital part of the Nigerian economy. Based on the sectoral distribution of Value Added Tax (VAT) released...
-
343Economy & MarketEconomic and Market Report: Week Ended 21-06-2024
Global Economy According to the Office for National Statistics (ONS), headline inflation in the UK slowed by 30bps to 2.0% y/y in...
-
318Stock MarketNGX All-Share Index Down 0.18%
During the holiday shortened week, selloff in MTNN (-2.67%w/w), ZENITHBANK (-0.28%w/w), TRANSCOHOT (-9.98%w/w) were the primary drivers of the weak performance of...
-
152Economy & MarketSEC Probes Fund Managers’ Exposure to Heritage Bank
The Securities and Exchange Commission (SEC) has said it has commenced an investigation into fund managers’ exposure in Heritage Bank Limited after...
-
226Local NewsNigeria’s Public Debt Hits ₦121.7tr
Nigeria’s Total Public Debt stood at N121.67 trillion ($91.46 billion) at the end of March this year. The Debt Management Office (DMO)...
-
90Foreign NewsOil Prices Set for Second Week of Gains on Signs Demand Improving
Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand...
-
71Foreign NewsEuropean Stock Futures Steady, Yen Watched Closely
European and US stock futures were steady Friday, while shares in Asia dropped. The yen was in focus following a six-day slump,...
-
184Economy & MarketMixed Performance at the Exchange
EQUITIES The Nigerian equities market traded with mixed sentiments, as gains in GTCO (+4.4%) and TRANSCORP (+6.2%) offset the loss in TRANSCOHOT...
-
149Business NewsSlump in Export Crashes Nigeria-UK Trade by 25% in Q1
Nigeria’s trade with the United Kingdom plummeted by 25 per cent in the first quarter of 2024, despite higher values realised from...
-
141Business NewsNigeria’s Credit Penetration Rises to 14%
Credit penetration in Nigeria has risen to 14 per cent, driven largely by the activities of CRC Credit Bureau Limited, Nigeria’s foremost...
