Lagos State Plans To Change Repayment Terms Of Its Bonds
Lagos state Government (LASG), said on Monday, that it will ask bondholders next month to agree a change to the payment schedules for N167.5 billion($842 million) of bonds. The meeting…
Nigeria Earns Just N49 billion From Capital Gains Tax In 5 Years
Capital Gains Tax – 2011 – 2015.Source: Nairametrics Research Nigeria earned just N49.5 billion from capital gains tax in the last 5 years according to data from the Federal Inland…
Flip-Flopping CBN Re-Introduces C.O.T Charges
The Central Bank of Nigeria (CBN) has reintroduced C.O.T charges for commercial banks just weeks after implementing the no C.O.T charge rule in 2016. The Bank in a circular titled…
FBNH Completes Sale Of FBN Microfinance Bank To Botswana Based Letshego Holding
FBNH has finally completed the sale of FBN Microfinance Bank to Letshego Holdings a Botswana based Financial Institution The Bank announced last December that it has applied for SEC approval…
I Will Run For Second Term As IMF MD – Christine Lagarde
Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has announced that she will be running for a second term in office. Lagarde made this disclosure in an interview…
Fashola Says Revoking Jonathan’s Contracts Will Destroy Investor’s Confidence In Economy
Power, Works & Housing minister, Babatunde Fashola has given an indication the Federal Government may not cancel contracts awarded under former President Goodluck Jonathan. Fashola spoke at the weekend during…
Chinese Firm Opens Auto – Assembly Plant In Lagos
In support of the Federal Government’s auto policy, a Chinese firm, has joined the list of foreign companies that have established automobile assembly plant in Nigeria. Perfection Motors Company Limited…
SEPLAT Estimates 2015 Revenue To Be Between $550 million and $600 million
Seplat Petroleum Development Company Plc, a leading indigenous Nigerian oil and gas exploration and productioncompany with a strategic focus on Nigeria, listed on the Main Market of the London Stock…
List Of Best And Worst Stocks In Nigeria Last Week
The NSE All-Share Index and Market Capitalization appreciated by 1.33% to close the week at 23,826.50and N8.194 trillion respectively. Similarly, all other Indices finished higher during the week, with the…
Government Finally Gives Up On Kerosene Subsidy, Kerosene Will Now Sell For N83
The Petroleum Product Pricing Regulatory Agency has removed subsidy on Kerosene. This PPPRA in its website released a new template that puts the retail price of Kerosene at N83 per…