NSE Suspends Six Quoted Firms     The Nigerian Stock Exchange has suspended six quoted firms for their inability to file corporate accounts as required. The suspended companies include FTN Cocoa Processors Plc, Medview Airline Plc, Niger Insurance Plc, R.T. Briscoe (Nigeria) Plc, Union Dicon Salt Plc, and...

NSE Fines Four Firms For Filing Defaults     The Nigerian Stock Exchange has fined Deap Capital Management & Trust Plc and three other quoted firms N6.9m for failure to file their audited financial statements after the regulatory due date. Checks by our correspondent showed that the companies...

Stock Market Declines Further As 23 Firms Lose   The nation’s stock market closed lower on Tuesday as twenty-three firms recorded price depreciation at the end of trading. The market breadth closed negative as 23 losers emerged while only nine firms saw their share prices increase. The Nigerian...

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax, the Federal Government has said. Currently, all companies are expected...

CBN Orders Banks To Stop Tbills Sale To Firms, Individuals   The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29. Some bank officials who...

30,000 Firms In Kaduna Fail To Pay Taxes   THE chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the state do not pay their taxes. He said this on Tuesday in Kaduna when a civil society organisation, Tax Justice and...