Fed Govt Targets N12bn From New Vehicle Tax   The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation,...

Financial Stocks Lead N41bn Turnover With 74%   The financial services industry dominated, in volume terms, last week’s transactions on the floor of the Nigerian Exchange Limited (NGX). It led the activity chart with 1.7 billion shares valued at N24.7 billion traded...

Banks’ Total Assets Rise By N16.65trn   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets from April 2022 to April 2023 rose by N16.65 representing a 25.88 per cent adding that Industry credit also increased by N4.54...

Report Reveals Real Estate Sector Paid N70bn VAT In Five Years   Value Added Tax (VAT) generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022. An analysis of the National...

NNPCL, Marketers Fuel Vessels Arrive Next Week – IPMAN   Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity,...

Forex Turnover In I&E Drops By 35% To $13.11bn In H1, 2023   The foreign exchange segment of the economy was marked by downward trend in the first half of the year, H1’23 reflected in the 35 per cent, year-on-year (YoY)...