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Naira Notes

Nigeria’s debt rises by 2% to N26 trillion — DMO

The latest increase was recorded in the last quarter of 2019.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

NSE: Trading defies December inflation figure, index up 0.90 per cent

The index rose by 265.39 points or 0.90 per cent to close at 29,618.52 against 29,353.13 achieved on Thursday.

UPDATED: Nigeria inflation reaches 19-month high

The inflation in December 2019 hit 11.98 per cent — higher than 11.85 per cent in November.

Zainab Ahmad

Accountant-General wrong, new VAT rate commences February 1 – Minister

On Monday, President Muhammadu Buhari signed the Finance Act which reviewed the VAT rate from 5 to 7.5 per cent.

nigerian_stock_exchange

NSE: Indices rebound by one per cent amid interest in high capitalised stocks

The market capitalisation of listed equities grew by N150 billion to close at N15.142 trillion against N14.992 trillion posted on Wednesday.

President Muhammadu Buhari names Kingsley Isitua Obiora, for CBN deputy governor

Buhari names IMF director as CBN deputy governor

He is currently an Alternate Executive Director in the International Monetary Fund (IMF) In Washington DC, United States of America, the presidency said.

File photo of Nigeria's President Muhammadu Buhari at the 56th Ordinary session of the Economic Community of West Africa States (ECOWAS)

ECO crisis deepens as Nigeria, other English-speaking countries condemn French-speaking counterparts

The six countries issued the condemnation at the end of an extraordinary meeting of their ministers of finance and governors of their central banks on Thursday.

The minister of mines and steel development, Olamilekan Adegbite.

Why mining must remain on the exclusive legislative list – Nigerian govt

Mr Adegbite said the federal government is reaching out to the states to create a win-win situation.

SPECIAL REPORT: How introduction of N50 charge on POS transaction threatens Financial Inclusion

“We usually charge N100 – N150 on N5000 before, but we have added N50 to it, so we collect N200. Do not forget that POS charge too is there. It is becoming challenging.”

Lekoil (Photo Credit: www.lekoil.com)

Nigerian firm removed from UK listing after being ‘scammed’ of $600,000

The company said it “will be contacting the relevant authorities across a number of jurisdictions without delay” to report “what appears to be an attempt to defraud” the company.

Access Bank

Access Bank to set up subsidiary in Cameroon

The bank made this known in a disclosure notice sent to the Nigerian Stock Exchange (NSE).

Ahmed Idris

Nigeria’s new VAT rate kicked off Monday – Accountant General

“Every payment, which for one reason or another could not be made before the coming into effect of the Finance Act, will now suffer 7.5 per cent charge for VAT.”

President Muhammadu Buhari [Photo: © Presidency]

Reps call Buhari’s transfer of NBET to finance ministry illegal, unconstitutional

Reps say only constitutional amendments can make such reshuffling stand.

Minister of Finance Budget and National Planning, Zainab Ahmed

ECO Controversy: Nigeria, six other English-speaking ECOWAS nations hold crucial meeting

The official said Nigeria had decided not to make any statement that would be “misinterpreted or misunderstood”.

Nigeria Stock Exchange

Profit taking: NSE records first loss in 2020

Trade dropped by 1.18 per cent after 11 days of consecutive uptrend.

Central Bank of Nigeria (CBN)

CBN postpones Monetary Policy Committee meeting

The new dates for the meeting is Thursday and Friday, January 23 and 24.

MTN Nigeria office

MTNN appreciates further on NSE amid revenue tax reprieve

NSE resumed trading for the week still on a bullish trend following investors’ interest in MTN Nigeria Communication due to the tax debt reprieve.

President Muhammadu Buhari signing

Buhari signs Finance Bill into law

Nigerians will pay more for specific goods and services that attract VAT this year.

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives at the OPEC headquarters in Vienna, Austria Dec. 6, 2019.

Saudi Energy Minister: We want sustainable oil prices

On January 3, OPEC predicted that oil prices in 2020 will recover smartly from late 2019 levels.

INTERVIEW: 60% of NEXIM’s strategic plan is to promote intra-African trade – MD

“Through our bank’s intervention, one of the companies we funded did the first major export of shea butter out of Nigeria in 2018.”

Nigerian-Stock-Exchange

NSE market capitalisation gains N2.22 trillion in seven days

Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the growth to activities of investors who anticipate higher dividend yields.

Abubakar Garba, Registrar General of the Corporate Affairs Commission (CAC)

PROFILE: Garba Abubakar, lawyer and ex-special adviser, heads Corporate Affairs Commission

The new Registrar General, who already assumed duties, is from Bauchi State.

nigerian_stock_exchange

Trading moderates on NSE, indices appreciate marginally by 0.07 per cent

The market capitalisation of listed equities improved by N10 billion to N15.174 trillion from N15.164 trillion reported on Thursday.

Bua-Group-cement-plant-e1441696474535

BUA Cement now listed on Nigerian Stock Exchange

BUA Cement has a combined capital of over N1.2 trillion.

Bua-Group-cement-plant-e1441696474535

BUA Cement lists 33.86bn shares on NSE, emerges third largest listed company

The listing of BUA’s shares on Thursday added N1.18 trillion to the NSE market capitalisation.