1. Despite Domestic, Global Economic Uncertainty, 9 Banks Declare N346bn Profit in Q1 2023
Domestic and global economic uncertainty not withstanding, 9 deposit money banks in the country declared N346 billion profit after tax in the first quarter of (Q1) 2023, an increase of 29.3 per cent over N267.69billion reported in the first quarter of 2022… Read more
2. CBN: Credit to Private Sector Increased to N43.07trn in Q1 2023
Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with expectations of a further increase in the year… Read more
3. Stock Market Depreciated by N1.01trn in April Amid 2022 Corporate Earnings, Dividend Payout
The stock market of the Nigerian Exchange Limited (NGX) depreciated by N1.01trillion or per cent in April 2023 amid impressive 2022 financial year corporate earnings and dividend payout to shareholders by listed companies… Read more
4. Private sector calls on Nigerian govt to suspend proposed new taxes
The Organised Private Sector (OPS) has appealed to the Federal Government to halt the implementation of proposed new taxes, stating that businesses are currently struggling to survive… Read more
Source: https://www.ripplesnigeria.com/private-sector-calls-on-nigerian-govt-to-suspend-proposed-new-taxes/
5. Why Transcorp Plc, Access Holdings, Nigerian Breweries are stocks to watch this week
Transnational Corporation (Transcorp) Plc, Access Holdings and Nigerian Breweries are some of the stocks to watch out for this week… Read more
6. Enugu gov-elect plans to boost economic growth
Ahead of his inauguration, Enugu State Governor-elect, Peter Mbah has promised to unlock the economic potential of the state for exponential growth… Read more
Source: https://punchng.com/enugu-gov-elect-plans-to-boost-economic-growth/?amp
7. FMBN pledges to tackle challenges in mortgage sector
The Federal Mortgage Bank of Nigeria has reiterated its commitment to addressing challenges facing the mortgage industry in the country… Read more
Source: https://punchng.com/fmbn-pledges-to-tackle-challenges-in-mortgage-sector/?amp
8. CBN supplies more new notes to banks
With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks… Read more
Source: https://punchng.com/cbn-supplies-more-new-notes-to-banks/?amp
9. FG dumps five per cent telecom tax waiver
The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services… Read more
Source: https://punchng.com/fg-dumps-five-per-cent-telecom-tax-waiver/?amp
10. Shipowners, others kick over new levy
Stakeholders operating in the nation’s maritime sector have rejected an overweight cargo surcharge newly introduced by a shipping firm, CMA CGM… Read more
Source: https://punchng.com/shipowners-others-kick-over-new-levy/?amp
