The Federal Inland Revenue Service (FIRS) has further extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, to August 31st this year. The Chairman of the Service, Muhammad Nami, announced the extension in a statement issued […]

Trading hall of the Nigeria Stock exchange, Lagos. Sell offs in banking stocks at the end of a week-long trading last week worsened the  year-to-date returns on the equities to -9.3 per cent thereby pushing  market capitalisation down by N257.1bn to close at  N12.7tn. The equities market recorded losses on […]

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention (NCI) Fund from $200 million to $350 million. Julius Bokuro, Special Assistant on Media and Public Affairs to the Minister of State for Petroleum, Chief Timipre Sylva, who made […]

Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in Airtel Africa (+10.0 per cent), ABC Transport  (+9.8 per cent) and Nestlé (+9.6 per cent) supported overall performance. Consequently, the NSE All-Share Index closed in the green, rising 1bp week-on-week […]

Profit-taking in MTN Nigeria (-0.4per cent), Zenith bank (-1.5per cent) and FBNH (-0.9per cent) dragged the benchmark index 12bps lower to close at 24,625.24 points. As a result, market capitalisation declined N15.6bn to N12.8tn while year to date  loss worsened to -8.3per cent. Activity level waned as volume and value […]

The domestic equities market closed southward as the benchmark index declined 2bps to close at 24,750.06 points due to sell-offs in Dangote Sugar (-9.9percent), Nigerian Breweries (-2.7percent) and ETI (-5.1percent). As a result, market capitalisation declined N2.0bn to N12.9tn while year to date loss settled at -7.8per cent. Activity level […]

The equities market remained largely bearish last week with investors losing N185.7 billion week-on-week at the close of trading on Friday and market capitalisation dipping to N12.95trn. Consequently, the benchmark index (All Share Index) dropped 1.4per cent to close at 24,826.75 points, thus worsening the year-to-date (YTD) returns to -7.5per […]

The equities market continues on the negative as  the All-Share index lost 9bps to close at 24,930.88 points due to price declines in MTN Nigeria (-0.9percent), Flourmill (-6.7percent) and FBNH (-1.9percent). As a result, market capitalisation fell ₦12.2bn to settle at ₦13.0tn while year to date loss worsened to -7.1percent. […]

The Nigerian Shippers’ Council (NSC) on Tuesday unveiled far-reaching initiatives it is pursuing to reposition the nation’s maritime industry, particularly its shipping and haulage components, on the path of sustainable growth and improve the sector’s contributions to the Gross Domestic Product (GDP). The Executive secretary of the Council, Barr. Hassan […]

Sell-offs in telecommunication giant, MTN Nigeria (-1.7 per cent), BUA Cement (-1.8 per cent) and Zenith Bank (-2.7 per cent) dragged the All-Share Index by 91bps to close at 24,954.25 points. As a result, market capitalisation fell N119.2bn to settle at N13.0tn, while year to date loss worsened to -7.0 […]