Equities market extends losing streak as index dips 0.38%
The Nigerian equities market extended its current losing streak to the fifth consecutive trading session, yesterday, as sell-offs in 22 stocks dragged the index further by 0.38 per cent.
Experts seek removal of VAT, withholding tax on dividend, others
To spur stock market rebound post-COVID-19, experts have called for the removal of Value Added Tax (VAT), and stamp duty on capital market transactions.
Revolutionising tax for Nigeria’s sustainable growth
The Federal Inland Revenue Service (FIRS), is currently implementing small businesses-friendly tax policy that temporary exempts operators with annual turnover of N25 million and below from charging Valued Added Tax (VAT), while deploying technology to ensure continued quality service delivery
Investors' wealth soars by 7.19% despite rising COVID-19 cases
Despite one day public holiday declared by the Federal government last week Monday to mark the Easter celebration, in addition to consensus that the nation’s economy is heading...
Investors’ wealth slumps further by N329b amid dwindling oil price
Amid fears of persistent decline in global oil prices and rising cases of COVID-19, the equities market recorded the highest decline since 12th September 2019 yesterday, causing market capitalisation to depreciate further by N329 billion.
Market confidence positive as analysts see rising liquidity
Sentiments on the Nigerian equities remained positive as investors continued to chase the inflation adjusted earnings in the face of declining fixed income yields.
Indices rebound by 2.09% over renewed stocks’ appetite
Buying interest in the shares of some bluechip stocks drove the local bourse northward for four consecutive days last week, sustaining the positive trend since the beginning of the week.
Index down 0.13 per cent as bears regain dominance on exchange
The bears upstaged the bulls at the end of yesterday’s transactions on the equities sector of the Nigeria Stock Exchange (NSE), causing the All Share Index (ASI) to depreciate by 0.13 percent.
Ahead of Santa Claus’ rally, equities record marginal gains
Ahead of the Santa Claus and year-end rally, expected to usher in a bullish run, especially with the undervalued situation of the Nigerian Stock Exchange (NSE), indices closed last week on the upbeat.
Experts want monitoring of debtors over rising NPL
The rise in bank’s Non-Performing Loan (NPL) ratio due to huge exposure to some sectors, has become a source of worry to financial experts, as they urge financial institutions to adopt proactive risk management measure. For them, a system whereby the behavior of the borrower is monitored closely to ascertain changes that are likely to…