VAT hits 6-year high as economy recovers gradually
Improved economic condition witnessed in the Nigerian economy in 2018 has paid off as the federal government recorded N1.10 trillion in total value added tax (VAT) generation, highest value…
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Nigeria’s yield curve inverts as investors dump short term bonds
Political uncertainties surrounding the 2019 general elections and post-election confidence in the equity market have taken a toll on the Nigerian fixed income space, with the normal yield…
Nigerian Breweries down 9.64% after first revenue decline in 5 years
Shares of Nigerian Breweries, the largest brewing company in Nigeria on Monday slumped by 9.64 percent after the company recorded its first revenue decline in the last five (5) years.
The…
How low and high volatile stocks have performed in 2019
Volatility is a proxy for risk; more volatility generally means a riskier portfolio. The volatility of a security or portfolio against a benchmark is called Beta.
Beta is helpful in…
MTN Nigeria to list by introduction in H1 on the NSE
Africa’s leading cellular telecommunications company and major contributor to telecommunication sector’s GDP in Nigeria, MTN, has confirmed its plan to list on the Nigerian Stock Exchange…
Investment pledges to Nigeria rose 37% to $90.9b in 2018
Pledges by domestic and foreign investors to projects in Nigeria rose 37 percent last year, the Nigerian Investment Promotion Council (NIPC) has said.
Proposed investments by the…
Tier 2 lenders to slash dividend on CBN’s new capital rules
Tier 2 lenders in Africa’s largest economy may cut dividend disbursement to shareholders in order to fend off the effect of the new capital adequacy requirement of the Central Bank of…
Cement makers shrug off January market rout
A 2.78 percent fall in the Nigerian Stock Exchange (NSE) broad index in January did not only wipe off the 1.80 percent gain recorded in the previous month, it also dampened the benchmark…
New minimum wage means more woes for cash-strapped Nigerian states
With the newly approved national minimum wage of N27,000, eight Nigerian states could be devoting their entire internally generated revenue to the payment of workers’ salaries alone.
The…
MAN blames high electricity cost on poor electricity supply
The Manufacturers Association of Nigeria (MAN) has lamented the state of Nigeria’s power supply explaining the negative effect on manufacturers' gross profit. According to MAN, N246 billion…