The exchange rate between the naira and the US dollar closed at N421.5/$1 at the official Investors and Exporters (I&E) window, depreciating by 0.6% from N419/$1 recorded the previous day. Naira started the week on…
The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to retain the benchmark interest rate at 11.5%, whilst keeping all other monetary parameters constant. This was disclosed by the Governor of…
The country recorded a total of N6.43 trillion as POS transactions in 2021, hitting the highest levels on record amidst growing acceptance for digital means of payment by Nigerians. The Christmas festivity contributed significantly to…
Investors on the Nigerian Stock Exchange are to pay a Capital Gains Tax of 10% on the sale of shares according to provisions of the signed Finance Act 2021. The tax is applicable on the…
The Nigerian Stock Exchange All Share Index closed the year 2021 with a 6.07% gain. The All Share Index opened the year 2021 at 40,270.7 and closed with 42,716.4 points at the close of trading…
The Lagos State Government has signed the necessary documents required by the Security and Exchange Commission (SEC) to facilitate the issuance of N137.328 billion bond aimed at executing key infrastructure in critical sector of the…
As majority shareholder of FBN Holdings Plc, Mr. Femi Otedola, gained over N400 million from his stake in a single session on the Nigerian Exchange Limited. This is because local investors rallied up the Tier-1…
Latest data from the Debt Management Office reveal Nigeria’s debt to China is currently $4.1 billion as of September 2021. This balance is out of a total debt of $6.5 billion available for Nigeria to…
The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriala has stated that the decision behind recently held public offer of its shares to Nigerians was borne out of the need to broaden ownership structure…
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC) to extend the telco giant’s Public Offer, which closed yesterday, December 14, 2021. The investors,…
