National Assembly To Pass 2019 Budget On Tuesday

The Senate has postponed the passage of the 2019 Appropriation Bill to Tuesday. Although the report by the Senate Committee on Appropriations on the national budget was scheduled for consideration at the plenary on Wednesday, the lawmakers resolved to postpone the third reading of the bill. Click here for more.

FG To Boost Non-Oil Revenue Via Aggressive Tax Collections

President Muhammadu Buhari on Wednesday said the Federal Government would deploy dynamic initiatives towards boosting the country’s revenue from taxation. He said this in Abuja at the opening session of the 21st annual tax conference of the Chartered Institute of Taxation of Nigeria. Click here for more.

Supreme Court Backs BI-Courtney, AMCON to Pay N132bn

The lingering battle between Bi Courtney Limited and the Assets Management Company of Nigeria (AMCON) over a N132,540,580,304.00 judgment credit was on April 5 decided in favor of Bi Courtney. Click here for more.

Investors Lose N66.78bn As NSEASI Closes Below 30,000bpts

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.59% to close at 29,898.31 points as against 0.03% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.87%. Click here for more.

Debut 30 year FGN Bond oversubscribed

A statement issued by the Debt Management Office (DMO) on Wednesday night said “investors keenly contested for the N20 billion 30-year FGN Bond offered by the Debt Management Office (DMO) at the April 2019 FGN Bond Auction.” Click here for more.

Inter-Bank Forex Market Gets $210m Boost from CBN

In continuation of its mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210 million to sustain liquidity in that segment of the market. Click here for more.

MTN Announces Conversion From A Private Company To A PLC

MTN Nigeria Communications Plc (MTN) has announced that it has completed its conversion from a private company to a public company (Plc). The conversion to a Plc is a legal requirement and key milestone in the preparatory process for MTN’s listing by introduction on The Nigerian Stock Exchange (NSE). Click here for more.

SAHCO targets five-year 15% growth through cost management

Skyway Aviation Handling Company (SAHCO), is targeting 15 per cent growth in the next five years through a deliberate cost management strategy that would enable it add value to shareholders in a consistent manner.SAHCO is the first company under the Bureau of Public Enterprises (BPE) privatisation programme to successfully finalise an Initial Public Offering (IPO), and list its shares on a securities exchange. Click here for more.

Electricity generation drops to 3,231MW

The nation’s power generation fell to 3,231 megawatts on Wednesday, more than a week after the latest system collapse. Data from the Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, showed that generation stood at 4,338.9MW as of 6.00 am on April 20. Click here for more.

Microsoft Tops $1 Trillion As It Predicts More Cloud Growth

Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue. Click here for more.

The high cost of financial anxiety

Financial anxiety is an avoidable load we often carry around. It can take over your whole life, both your waking hours and even invade your dreams. Worry is mental malpractice. You are expending mental energy over a situation you have no control over. The more you worry, the bigger the problem seems which feeds into your worry making it worse. Click here for more.