NNPC Trading Surplus Rises By 13% To N6.33 Billion In One Month
In a statement on its Monthly Financial and Operations Report for May 2019, the NNPC disclosed that the trading surplus recorded in the month under review, represented an improvement of 13 per cent over the N5.60 billion surplus recorded in April 2019. Click here for more.
Recapitalisation: TCN to waive N270bn Discos’ debts
The total indebtedness of the 11 power distribution companies to the Transmission Company of Nigeria now stands at about N270bn and this huge sum might be waived should there be a recapitalisation of the Discos. Click here for more.
Fowler lauds JTB’s new tax scheme, hopeful of returns
Chairman of the Joint Tax Board (JTB), Babatunde Fowler, has stated that the Tax Identification Number (TIN) Registration System and Consolidated National Taxpayers Database introduced by the JTB will ensure efficiency and output of the entire tax administration process and provide convenience to taxpayers and tax authorities. Click here for more.
Pencom Issues Compliance Certificates To 4,657 Employers
The commission disclosed this in its third quarter report on ‘Update on compliance by the private sector.’ Part of the report read, “During the period under review, the commission received 6,630 applications for the issuance of compliance certificate out of which 4,657 certificates were issued. Click here for more.
Investors Lose N315.45bn WoW As NSEASI Dips By -2.27% To Close The Week Negative
Equities market closed Friday on a positive note, as NSEASI appreciated by 0.20% to close at 27,919.50 points as against 0.64% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -11.17%. Click here for more.
Investors count losses as stock market wobbles under unending illiquidity, low confidence
Before the inauguration of President Muhammadu Buhari in the first term of his administration on May 29, 2015, the stock market had long lost some gains recorded during the boom period of 2003 to the global financial crisis of 2008. The crisis wiped off a staggering $1 trillion from the world economy. Click here for more.
Banks Freeze Interests On N800b Oil Marketers’ Loans
Commercial banks have frozen interests on the N800 billion loans granted oil marketers, The Nation has learnt. They did so in compliance with a Central Bank of Nigeria (CBN) directive that all income on the facilities be suspended. Click here for more.
Cement Companies Are Starting to Get a $33 Trillion Headache
The world’s biggest cement makers have been under pressure from environmental groups, regulators and lawmakers to cut pollution. Now, some of the world’s most powerful investors are echoing those calls. Click here for more.
Oil Gains As Middle East Gulf Tensions Flare, Libya Field Shut
Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East and after Libya reported the shut down of its largest oil field. Click here for more.
Easy ways to get bank loan
Borrowing money can help you do things, but the process can be complicated. Mistakes can be expensive, and they can cause your loan request to be rejected. If you need to get a loan, learn what to expect and what you can do ahead of time according to www.thebalance.com. Click here for more.
Between loan and equity funding, which is best for startups
Funding has long been one of the biggest challenges entrepreneurs around the world have to deal with. It goes beyond merely finding the money to include knowing the right form of funding to seek. This is very important because sometimes, the difference between a successful startup and a failed one lies in how the seed-funding was accessed. Click here for more.