MARKET UPDATE
Advertisement Topt

TheCable

Business

‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

    ‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

Vice-President Yemi Osinbajo has called on the Central Bank of Nigeria to allow the naira reflect the realities of the market.  The national currency is changing for N411/$ at the

4 comments Read Full Article

MTN: Time-bound subscriptions will be extended to make up for downtime period

    MTN: Time-bound subscriptions will be extended to make up for downtime period

MTN Nigeria says it will extend time-bound subscriptions for its customers to make up for the network disruption experienced last weekend. On Saturday, MTN users suffered hours of network downtime,

0 comment Read Full Article

BoI joins signatories to UN sustainable banking principles

    BoI joins signatories to UN sustainable banking principles

The Bank of Industry (BOI) says it has become an official signatory of the UN sustainable principles for responsible banking. Hadiza Olaosebikan, spokesperson of BoI, said this in a recent

0 comment Read Full Article

N22bn for aircraft ammunition, N9bn for ship tank — FG allocates 15% of 2022 budget to defence, security

    N22bn for aircraft ammunition, N9bn for ship tank — FG allocates 15% of 2022 budget to defence, security

The federal government has allocated the sum of N5.93 trillion to critical sectors of the economy, including defence, health, education and infrastructure. Zainab Ahmed, minister of finance, budget and national

0 comment Read Full Article

Purple Urban concludes N5bn Sukuk bond issuance, achieves 100% subscription

    Purple Urban concludes N5bn Sukuk bond issuance, achieves 100% subscription

Purple Urban Limited, a member of the Purple Group, has concluded its Sukuk bond privately issued to the investing public,

0 comment Read Full Article

Tax havens: Nigeria missing as global leaders finalise minimum corporate tax of 15%

    Tax havens: Nigeria missing as global leaders finalise minimum corporate tax of 15%

Nigeria is missing as more than 130 countries finalise a global deal on the taxation of multinationals — with an

0 comment Read Full Article

FIRS: Nigeria now has 41 million taxpayers — but revenue generation still low

    FIRS: Nigeria now has 41 million taxpayers — but revenue generation still low

The Federal Inland Revenue Service (FIRS) says Nigeria now has 41 million taxpayers. Muhammad Nami, FIRS chairman, disclosed this on

0 comment Read Full Article

2022 budget: FG earmarks N178bn for population and housing census

    2022 budget: FG earmarks N178bn for population and housing census

The federal government has budgeted N178.09 billion for the national population and housing census in the 2022 budget. President Muhammadu

0 comment Read Full Article

Report: 40% of Nigerians working in informal sector are owed wages

    Report: 40% of Nigerians working in informal sector are owed wages

SBM Intelligence, an Africa-focused geopolitical research firm, says 40 percent of Nigerians working in the informal sector are currently owed

0 comment Read Full Article

ICYMI: Senate passes bill seeking to provide funding for tertiary healthcare

    ICYMI: Senate passes bill seeking to provide funding for tertiary healthcare

The senate has passed a bill seeking to establish the tertiary hospital development fund. The upper legislative chamber passed the

0 comment Read Full Article
error: Content is protected from copying.