Among the stockbroking firms in Nigeria, Stanbic IBTC Stockbrokers, Cardinal Stone Securities and Apt Securities emerged as the top performers, collectively accounting for N727.078 billion in value and representing 50.42% of the total value of transactions conducted in the first half of the year.
Browsing: ECONOMY
FirstBank has said it is sponsoring the Lagos performance of Eni Ogun – The Noble Warrior, a theatrical performance in honour of Nobel Laureate Professor Wole Soyinka as part of activities celebrating his 90th birthday.
While the increase in borrowing is notable, Nigeria’s debt servicing costs have also been significant, almost matching the amount borrowed.
If approved, Nigeria will have secured a total of $4.25 billion in loans from the bank this year alone and a cumulative $6.95 billion under the administration of President Bola Tinubu.
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the…
Okafor said that funds advanced to end users of the various Federal Government interventions had also been allegedly misused, misapplied and channelled to non-farming and non-agricultural purposes.
“The key changes introduced are to address the identified challenges and specifically include the exemption of small businesses from withholding tax compliance; reduced rates for businesses with low margins; exemptions for manufacturers and producers such as farmers; measures to curb evasion and minimise tax avoidance and the ease of obtaining credit and utilisation of tax deducted at source.”
“At Polaris Bank, sustainability is not just a catchphrase. It is our ethos. It is a journey in which we are committed to walk in with conviction.
Cardoso emphasized the importance of closely monitoring the trends, risks, and innovations within NBFIs/OFIs, noting that their rising transactions volumes pose potential threats to the stability of the financial system.
This trend signals the first month of stable exchange rates since the Central Bank of Nigeria (CBN) implemented a series of reforms in the foreign exchange sector.