FIRS To Tax Profits From Bonds, Securities The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it...

FAAC Allocation: FG, States, LGs Suffered N270bn Shortfall In 2021   The Federation Account Allocation Committee shared a total of N8.16tn among the three tiers of government in 2021. However, data from the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2022-2024...

Investors Earn N2trn On Nigerian Equities In January Investors in Nigerian equities earned more than N2 trillion in net capital gains last month, as the Nigerian stock market extended its bullish rally into the third consecutive year. Nigerian equities closed yesterday...

Senate Pledges To Back NNPC’s Frontier Exploration   The Senate Committee on Petroleum Resources (Upstream) has said it will look into the issue of funding for frontier exploration in order to ensure that the objective of boosting exploration and production in...

FG Stakes N52.7bn To Clear Petrol Bridging Debt   To sustain the supply of premium motor spirit (PMS) in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that it has paid over N22 billion as part...

Dollar Turnover In I&E Rises By 152% To $2.16bn In January The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 152 per cent, Year-on-Year (YoY), to $2.16 billion...