Business

The Board of Directors of Access Holdings Plc has announced the death of its Chairman, Bababode Osunkoya. This disclosure is contained in a statement signed by the Company Secretary of Access Holdings Plc, Sunday Ekwochi, on Thursday night, November 23, 2023, and filed with the Nigerian Exchange Limited (NGX). Ekwochi in the statement said that Osunkoya died on Tuesday, November…

The National Bureau of Statistics (NBS) on Wednesday disclosed that the average retail price paid by consumers for Premium Motor Spirit or Petrol) for October 2023 was N630.63. This is 222.92per cent increase when compared to the N195.29/ litre recorded in October 2022. NBS in its “Premium Motor Spirit (Petrol) Price Watch” for October disclosed that the average retail price…

The federal government has filed an application before the Supreme Court seeking an extension for old naira notes to remain in circulation. In March 2023, the supreme court had extended the deadline to phase out the old naira notes to December 31, 2023. In the fresh application, the attorney-general of the federation (AGF) said due to the economic crisis, it…

Curnance, the international FinTech powerhouse, has unveiled its highly anticipated FinTech application at a dazzling launch event held in Johannesburg, South Africa on Wednesday. It was an event that brought together leaders, innovators and stakeholders in the world of finance and technology. The Curnance App Launch reflected the company’s commitment to revolutionizing the way individuals and businesses engage with finance.…

The equities market of the Nigeran Exchange Limited (NGX) on Tuesday reversed prior day’s loss as the capitalization recorded N31 billion increase over gains recorded by the companies in the industrial sector. The NGX All-Share Index (ASI) rose 57.86 basis points or 0.08 per cent to close at 71,066.64 basis points. Consequently, the year-to-date returns surged to 38.66per cent, followed…

In a bid to further deepen the capital market in Nigeria through the issuance of Islamic Finance instruments, Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) collaborated on a capacity building workshop for Issuers and Investors. The workshop, held at the Exchange Group House in Lagos on Tuesday aimed to educate stakeholders on contemporary issues and practices of…

The Lagos State Internal Revenue Service (LIRS) on Monday announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in Lagos State. The Executive Chairman of the LIRS; Ayodele Subair, in a public notice directed at members of the public, operators and owners of hotels, event centres, restaurants, bars, and other…

The Central Bank of Nigeria (CBN) has postponed its Monetary Policy Committee (MPC) meeting for the second time since Governor Olayemi Cardoso resumed duty in September 2023. The MPC meeting expected chaired by the new CBN governor postponed the September 2023 meeting, making it the second time in the history of the meeting. In January 2020, the first MPC meeting…

The Nigerian Exchange Limited All-Share Index (NGX ASI) on Wednesday crossed 71,000 basis points to 71,014.34 basis points as investors positive sentiments continued to rock the market. The All-Share Index tracks the general market movement of all listed equities on Nigerian Exchange, including those listed on the Growth Board, regardless of capitalization. Gains recorded by BUA Cement Plc, and 38…

Nigerian Exchange Limited (NGX) has experienced a remarkable surge in market capitalization, with new listings contributing over 10per cent in the past two years, according to data released by the Exchange. This underscores NGX’s growing prominence as a preferred destination for corporate listings and capital raising. Speaking at the MTN Capital Markets Day in Abuja, NGX Chief Executive Officer, Temi…