1. Bitcoin surges to $45,000 first time since April 2022
With hope surrounding the potential licensing of exchange-traded spot bitcoin funds, the world’s largest cryptocurrency kicked off the New Year with a bang as Bitcoin surged beyond $45,000 on Tuesday for the first time since April 2022.. Read more
2. Higher private sector participation will boost equity market – Operators
Some capital market operators have said that the heavy reliance on the private sector for developmental projects in the 2024 Appropriation Bill will boost a bullish run in the stock market… Read more
Source: https://punchng.com/higher-private-sector-participation-will-boost-equity-market-operators/
3. Power supply fails to improve 10 years after privatization
THE year 2023 marked the tenth-year anniversary of the partial privatization of the power sector in which the Federal Government handed over to the private sector its 60 per cent stakes in 11 electricity distribution companies, sold or concessioned seven power generation plants and retained full ownership of the transmission company… Read more
Source: https://www.vanguardngr.com/2024/01/power-supply-fails-to-improve-10-years-after-privatization/amp/
4. Delta fixes March deadline for annual tax returns
Employers of labour, as well as self-employed individuals in Delta State, have been given up till January 31, and March 31, 2024, respectively, to voluntarily file their annual tax returns for the year 2023 in compliance with the Personal Income Tax Act of 2004, as amended… Read more
Source: https://punchng.com/delta-fixes-march-deadline-for-annual-tax-returns/
5. Foreign firms raise stake in NGX to N71.4bn
The total foreign transactions on the Nigerian Exchange Limited jumped by 113.94 per cent to N71.37bn (about $75.76m) in November compared to N33.36bn a month earlier… Read more
Source: https://punchng.com/foreign-firms-raise-stake-in-ngx-to-n71-4bn/
6. Policy positions, budget, miracle to determine 2024 economy — Analysts
Economists and public affair analysts have hinged the 2024 economic performance on three main variables including policy changes, 2024 budget efficiency and ‘miracles’… Read more
7. Consumer credit rises 32% to N3.05trn in 9months
Consumer credit rose by 32 per cent to N3.05 trillion in the nine months to September 2023, 9M ‘23 from N2.31 trillion at the end of December 2022… Read more
Source: https://www.vanguardngr.com/2024/01/consumer-credit-rises-32-to-n3-05trn-in-9mths-2/amp/
8. NNPC revenue remittance raises fresh questions amid forex crisis
The Nigerian National Petroleum Corporation Limited’s alleged failure to remit enough oil revenues to the federation’s coffers has sparked concerns about the organisation’s transparency.. Read more
Source: https://punchng.com/nnpc-revenue-remittance-raises-fresh-questions-amid-forex-crisis/
9. FG assures Nigerians of food security
The Federal Government of Nigeria has promised to boost food security in the country this year… Read more
Source: https://punchng.com/fg-assures-nigerians-of-food-security/
10. Investors inject N198tn in fixed income market
Investment in the Fixed Income and Currency market defied the prevalent economic climate in the country in 2023, with investors splashing about N196.79tn on short to medium-term instruments on the platform of the FMDQ in 10 months… Read more
Source: https://punchng.com/investors-inject-n198tn-in-fixed-income-market/
