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Sep
September 12, 2022
Despite Domestic, Global Challenges, 40 NGX Listed Companies Reports Record N6.78trn Revenue – Thisday |
| Despite domestic and global macroeconomic challenges, a total of 40 companies listed on the Nigerian Exchange Limited (NGX) announced combined revenue of N6.78 trillion in the half year ended June 30, 2022. The combined revenue in H1 2022 is 26 per cent higher than the N5.4 trillion recorded in the same period in H1 2021……………Read More |
Equities market sheds N189bn in one week – Punch |
| Investors lost N189bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 0.7 per cent to close at 49,695.12 and N26.805tn last week. All other indices finished lower with the exception of NGX Insurance, NGX MERI Value, and NGX Consumer Goods Indices which appreciated by 1.04 per cent, 0.87 per cent and 0.72 per cent while, the NGX ASeM index closed flat………...Read More |
Manufactured goods fall 36% to N2.87tn, inflation looms – Punch |
| The value of manufactured goods traded tumbled by 36 per cent from N4.51tn in the second quarter of 2021 to N2.87tn in the corresponding period of 2022, findings by The PUNCH have shown. This is according to the foreign trade report by the National Bureau of Statistics for the second quarter of the year and its corresponding quarter of 2021. Foreign trade statistics measure goods traded between an economic entity and its economic counterparts within a given period…………Read More |
Nigeria’s Russian imports jump 143% despite Ukraine war – Thisday |
| Amid the attacks on Ukraine, Nigeria has increased its imports from Russia by 143.21 per cent, according to the foreign trade report of the National Bureau of Statistics for the second quarter of 2022. The PUNCH observed that the total imports from Russia hit N21.84bn in Q2 2022, a massive increase from the N8.98bn in Q1 2022. In Q1 2022, Nigeria imported N6.27bn herrings and N2.77bn blue whiting from Russia, while by Q2 2022, the country imported N13.39bn blue whitings, N7.21bn herrings, and N1.25bn malt…………..Read More |
Business executive cautions govt on capital gain tax – Vanguard |
| The Chairman, Edgefield Capital Management Limited, Gboyega Isiaka, has advised the Federal Government to exercise caution and reconsider the reintroduction of capital gains tax to capital markets securities and instruments. A statement said he gave this advice while making his contribution to the session on Finance Act 2021: Capital gains tax, at the 26th annual conference of the Chartered Institute of Stockbrokers, in Benin City, Edo State……….…..Read More |