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Dec
December 19, 2022
PZ Nigeria Sustains Growth Despite Hike In OPEX – Thisday |
| The company declared a dividend of N4billion representing a payment of N 1.01 per ordinary share. The company’s revenue hits another milestone in 2022, driven by growth recorded in its home and personal care products and durable electrical appliances amid low purchasing power due to double-digit inflation, among other factors…….……..Read More |
Investors’ Interest in BUA Cement, Others Lift Stock Market by N236bn – Thisday |
| Transactions on the floor of the Nigerian Exchange Limited (NGX) remained positive for the fifth consecutive week as average investors’ investment in the stocks added N236 billion at the close of trading last week.The positive performance was driven by gains recorded by BUA Cement, Zenith Bank, Wapco, Fidelity Bank, FBN Holdings, Stanbic and as such, the All Share Index (ASI) notched a 0.98 per cent gain, closing the week at 49,316.29 basis points…….……..Read More |
Sterling Bank retains positive outlook rating – Punch |
| DataPro, a technology-driven credit rating agency, has in its latest report affirmed Sterling Bank Plc long-term rating of “BBB+” with a positive outlook for the year 2021/2022. A statement quoted the firm as saying, “The “BBB+” indicates slight risk. It shows fair financial strength, operating performance, and Business Profile when compared to the standard established by DataPro Limited ……………Read More |
Finance Bill: Dangote, 7UP, 170 firms may lose N2.4tn tax waivers – Punch |
| At least 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government moves to phase out some tax waivers effective 2022, findings by The PUNCH have shown. The Federal Government is phasing out the tax exemptions for mature industries with the 2022 Finance Bill, which President, Major General Muhammadu Buhari (retd.), has sent to the National Assembly…….……..Read More |
FG Raised N3.06trn from Bond Market in 2022, Records 53.2% Oversubscription – Thisday |
| Following the need to finance the 2022 budget deficit, the federal government through the Debt Management Office (DMO), in 2022, raised a whopping sum of N3.06 trillion from the bond market, the debt office monthly auction results has revealed. Analysis of the auction results showed that total FGN bond borrowing in 2022 is 13 per cent higher than N2.71 trillion borrowed in 2021…….……..Read More |
Nigeria’s foreign portfolio records $2.08bn shortfall – Punch |
| Nigeria’s foreign portfolio equity recorded a $2.08bn shortfall between 2010 and 2021 amid an unfavourable economic environment characterised by forex challenges and loss of investors’ confidence. According to a World Bank report titled, ‘International Debt Report 2022’ an updated record of ‘International Debt Statistics’, the portfolio equity had recorded $2.15bn in the year 2010 but reduced to $72m by 2021…….……..Read More |
Oil earnings rise by N308.6bn – Punch |
| Nigeria’s crude oil earnings rose by about N308.6bn within two months following the recent increase in the country’s oil output due to concerted efforts by the Nigerian National Petroleum Company Limited and security agencies to halt oil theft. Data accessed from the Nigerian Upstream Petroleum Regulatory Commission and other international agencies, on Sunday, showed that the country’s oil earnings moved up between September and November this year…….……..Read More |