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March 22, 2023
Investors gain N10bn as market rebounds – Punch |
The bearish run of the Nigerian Exchange Limited was halted on Tuesday as the market rebounded with N10bn gain for investors. The equities market capitalisation appreciated by 0.03 per cent to N29.909tn, the same percentage as the All Share Index, which rose to 54, 906.65 from 54, 886.04 recorded on Monday. A total volume of 127.744m shares worth N1.586bn was exchanged in 2,987 deals on Tuesday. …………. ……………..……..Read More |
Investors Purchase N2.61trn FG Bonds in Q1 2023 as Yield Fall Below Inflation Rate – Thisday |
Domestic investors purchased N2.61trillion worth of FGN Bonds in the first quarter of (Q1) 2023 out of which N1.89 trillion was eventually allotted amid yield on 10-Year Bond falling below the inflation rate. Latest statistics released by the Debt Management Office (DMO) revealed that a total sum of N1.08 trillion was the amount offered in the period under review as the federal government intensified borrowing from local investors to bridge budget deficit….. .. ….. …….. …………….……..Read More |
FG removes 5% tax on calls, data – Punch |
The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on Excise Duty in the Digital Economy Sector, which was constituted to review the implementation of excise duty in the telecom sector. …. ….. ,…. ………………..……..Read More |
Stanbic IBTC Holdings Declares N25.9bn Final Dividend To Shareholders – Independent |
Stanbic IBTC Holdings Plc has declared a final dividend of N2.00 per share, totalling N25.914 billion, to be paid to shareholders whose names appear in the register of members as at the close of business on April 3, 2023. The firm grown its net profit to N80.81 billion in the year ended December 31, 2022.. . ….. . … …………….……..Read More |