Proshare Urges FG To Raise VAT to 7% If the country is to reduce unemployment and stimulate economic growth, the federal government (FG) has been advised to take bold steps which includes raising the Value Added Tax (VAT) 7 percent. Proshare,...

In One Month, FMDQ OTC Exchange Records N15trn Turnover The fixed income and currency (FIC) market operated by FMDQ OTC Securities Exchange opened 2019 on a weak note, recording a turnover of N15.08 trillion in January. The performance showed a...

Nigeria Trashes 42,160MW on Transmission, Distribution Challenges Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 megawatts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year. Although the...

Forex: CBN injects market with $210m The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange(forex) market in its determination to boost supply in that sector of the market. Figures released by...

Illegal Capital Market: SEC shuts down Growing Circle The Securities and Exchange Commission (SEC), has sealed off the premises of Growing Circle in Lagos for engaging in illegal fund management activities. According to the Commission, the company was shut down for...

Zambia, Botswana, sign AfCFTA Zambia and Botswana have signed the agreement of the African Continental Free Trade Area (AfCFTA) meant to create one African market. The two African countries signed the agreement at the just-ended Africa Union Summit. Africa's largest economy, Nigeria...