NGX: Foreign Firms Raise Stake To N71.4bn   The total foreign transactions on the Nigerian Exchange Limited (NGX) jumped by 113.94 per cent to N71.37bn (about $75.76m) in November compared to N33.36bn a month earlier. This was revealed in the latest Domestic...

JUST IN: Tinubu Signs N28.7trn 2024 Budget Into Law   President Bola Tinubu on Monday afternoon signed into law the 2024 Appropriation Bill at the State House, Abuja. Tinubu signed the N28.7tn budget document earlier approved by the National Assembly hours after...

Banks to Collect Stamp Duty on Foreign Transactions   Banks are set to charge customers stamp duty on old foreign transactions between January 2021 to December 2023 by January 31, 2024. This is according to a directive from the Federal Inland Revenue...

Equity Investors Gain N13trn in 2023   The Nigerian Exchange Limited (NGX) closed with over 13tn gain for investors in the equity market. This gain nearly tripled the figure recorded in 2022, which stood at N5.619tn, after the market capitalisation closed at...

UAE Firms Invest $375.01m in Nigeria Despite Visa Ban   Private investors from the United Arab Emirates’ investments hit $375.01m in the country since a visa ban was placed on Nigeria in October 2022. Data from the latest Capital Importation report of...

'Nigeria Borrows $1.7bn to Boost FX Inflows'   Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign Portfolio Investment, and others amounted...