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Day: September 9, 2024

CBN Boosts Forex Liquidity, Sells Dollars To BDCs At N1,580
BusinessLocal

CBN Boosts Forex Liquidity, Sells Dollars To BDCs At N1,580

The Central Bank of Nigeria (CBN) has injected liquidity into the foreign exchange market by selling US dollars to Bureau…

byayotilewaSeptember 9, 2024September 9, 2024
Company Income Tax revenue rises 151% in Q2 2024 to N2.47 trillion
BusinessLocal

Company Income Tax revenue rises 151% in Q2 2024 to N2.47 trillion

Nigeria’s Company Income Tax (CIT) skyrocketed by 150.83% in Q2 2024, reaching N2.47 trillion compared to N984.61 billion in Q1…

byayotilewaSeptember 9, 2024September 9, 2024
Transcorp Hotels Named Best Hospitality Service Provider
BusinessLocal

Transcorp Hotels Named Best Hospitality Service Provider

Transcorp Hotels Plc, listed on the Nigerian Exchange (NGX), has been honoured as the Best Hospitality Service Provider at the…

byayotilewaSeptember 9, 2024September 9, 2024
Atiku slams Tinubu admin on VAT raise, warns of worsening economic crisis
BusinessLocal

Atiku slams Tinubu admin on VAT raise, warns of worsening economic crisis

Former Vice President Atiku Abubakar has condemned the recent Value Added Tax (VAT) increase from 7.5% to 10%, describing it…

byayotilewaSeptember 9, 2024September 9, 2024
CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns
BankingLocal

CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns

The Central Bank of Nigeria (CBN) successfully raised N9.27 trillion from Nigerian Treasury Bills (NTBs) across auctions held between January…

byayotilewaSeptember 9, 2024September 9, 2024
Economic Insight: 50% electricity subsidy for public hospitals and educational institutions: In the right direction
BusinessLocal

Economic Insight: 50% electricity subsidy for public hospitals and educational institutions: In the right direction

In the 21st century, a nation’s wealth is measured by its human capital—its people’s education, healthcare, and skills—rather than natural…

byayotilewaSeptember 9, 2024September 9, 2024
European markets start the week on a positive note
BusinessMarketWorld

European markets start the week on a positive note

On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early London trading.…

byayotilewaSeptember 9, 2024September 9, 2024
Stock market returns bearish amid increase in price of petrol
BusinessLocal

Stock market returns bearish amid increase in price of petrol

The Nigerian stock market closed bearish last week, impacted by a sharp rise in petrol prices, which surged from N600…

byayotilewaSeptember 9, 2024September 9, 2024
Nigeria’s SEC to begin crackdown on unregulated crypto exchanges, others 
BusinessLocal

Nigeria’s SEC to begin crackdown on unregulated crypto exchanges, others 

The Securities and Exchange Commission (SEC) of Nigeria has announced that it will soon begin enforcement actions against unregulated individuals…

byayotilewaSeptember 9, 2024September 9, 2024
Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%
BreakingLocalStock

Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%

The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97% due to profit-taking in…

byayotilewaSeptember 9, 2024September 9, 2024
As multinationals exit, these Nigerian companies are spending billions on expansion projects in 2024
BusinessLocal

As multinationals exit, these Nigerian companies are spending billions on expansion projects in 2024

Nigeria is experiencing a notable exit of companies due to economic challenges and reforms in energy and forex markets. Major…

byayotilewaSeptember 9, 2024September 9, 2024

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