Nigeria Attracted $7bn Deals From African Investment Forum – AfDB

Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden edition of the African Investment Forum, which held in South Africa in November 2018, the African Development Bank has said. Click here for more.

Tax Tribunal resolves 42 cases worth N288bn

A total of 42 tax-related disputes worth N288.1bn have been resolved by the Tax Appeal Tribunal within a period of eight months. The Coordinating Secretary of TAT, Mr Mohammed Abubakar, gave the figure in Abuja at the opening session of a two-day retreat on effective and efficient tax dispute resolution in Nigeria. Click here for more.

Apapa Customs revenue hits N203b

The Apapa Area Command, Nigeria Customs Service (NCS) has collected N203,264,054,682.69 from January to June 2019. The revenue, according to its Area Controller, Mohammad Abba-Kura, is 54.5 per cent of the year 2019 target of N372,559,860,472.23. Click here for more.

Nigeria’s Population Hits 198m – NPC

National Population Commission, NPC, yesterday, announced that the country’s population has hit an estimated 198 million people. Acting National Chairman of the commission, Yusuf Anka, who disclosed this in Abuja at a media briefing on the 2019 World Population Day. Click here for more.

Nigeria adds 3.1 million new Internet users in May

Nigeria has gained 3.12 million Internet users in May 2019, the latest monthly Internet subscribers data obtained from the Nigerian Communications Commission has shown. However, this is lower than the number of new Internet users recorded by mobile network operators in April in which operators gained 3.6 million new users. Click here for more.

NSEASI Inches Up By 0.10% As Market Sentiment Remains Positive Amid Negative Breadth

Equities market closed yesterday on a positive note, as NSEASI appreciated by 0.10% to close at 29,318.02 points as against 0.06% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.72%. Click here for more.

Access Bank and Union Bank refute acquisition rumours, but history contradicts claims

Africa’s largest lender by customer base, Access Bank Plc, has reacted to media reports that it is planning to acquire Union Bank of Nigeria Plc less than six months after acquiring Diamond Bank Plc. Click here for more.

Airtel Africa Lists on the NSE; Stockbrokers Call for Transparency And Competitive Dividend Payments

Today Stockbrokers and Shareholders witnessed the listing of Nigeria’s third largest telecommunications company (Telco), Airtel Africa Plc, on the mainboard of the Nigeria Stock Exchange (NSE). Click here for more.

Airtel listing pushes market capitalisation by N1.34 trillion 

Despite price losses that outweighed gains, transactions in the equities sector of the Nigerian Stock Exchange (NSE), sustained rising profile as market capitalisation rose by N1.34 trillion. Click here for more.

Worrying trend as 9mobile loses over 3 million Subscribers in 2-years

There appear to be more worries for Nigeria’s telecommunication network, 9mobile, as the company lost 3.49 million internet subscribers in the last two years. According to data obtained from the Nigerian Communications Commission (NCC), 9mobile’s mobile internet subscribers stood at 12.8 million in May 2017, but the figure has dropped to 9.3 million in May 2019. Click here for more.