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Business

Investors lose N713 billion in April as NSE ends trading with N135 billion loss

By Fakoyejo Olalekan (nairametrics.com) Investors have lost N713 billion in April 2019 after the Nigerian Stock Exchange (NSE) closed the month lower than the market capitalisation and the All Share...

Senate passes 2019 budget, raises budget bill

By Fakoyejo Olalekan (nairametrics.com) The National Assembly has passed the 2019 Appropriation Bill. The N8.9 trillion budget was passed some minutes ago during the Senate’s plenary session...

Yari warns of impending recession in 2020

By Emmanuel Oloniruha (NAB) The Chairman of the Nigeria Governors’ Forum (NGF), Alhaji Abdulaziz Yari, shas advised newly-elected and returning governors to gear up for...

Building a side business as a 9-5 worker? Here are the things you should know

By Amaka Obioji (nairametrics.com) In a world where everyone is looking for extra income through numerous side hustles, it is a great idea to know...

FIRS records lopsided tax base as Lagos contributes 70% of Nigeria’s tax revenue

By Fakoyejo Olalekan (www.nairametrics.com) The Society of Women in Taxation (SWIT) has revealed that Lagos State contributed 70 percent of the N5.2 trillion taxes collected by the Federal Inland Revenue...

Stock market lost N94bn in two months and foreign investors caused it

By Fakoyejo Olalekan (www.nairametrics.com) The Nigerian stock market has lost N94.09 billion to withdrawals made by foreign investors in the months of January and February. This...

N84 billion fraud: Presidential panel exposes bank, recovers N7 billion

The Chairman, Special Presidential Investigation Panel for the Recovery of Public Property, Chief Okoi Obono-Obla, has disclosed that the Panel recently recovered $20 Million...

Lagos $1.43bn foreign debt not by me – Governor Ambode

By Fakoyejo Olalekan (www.nairametrics.com) The outgoing Lagos State Governor, Akinwunmi Ambode, has explained that the current foreign debt owed by the State Government was inherited from...

Access take over of Diamond Bank runs into troubled waters

By Fakoyejo Olalekan (www.nairametrics.com) The Securities and Exchange Commission (SEC) has been urged to nullify the merger between Access Bank Plc and Diamond Bank Plc which took effect in March 2019. SEC was advised...

PZ Cussons Nigeria drops to 10 year low last week

By Onome Ohwovoriole (www.nairametrcs.com) The Nigerian Stock Exchange continued its decline in the month of April. The All Share Index opened at 29,616,38 basis points, and...

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