Category: #Finance
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NIGERIA STOCK MARKET GOES LIVE WITH T+2 SETTLEMENT CYCLE
Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy…
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NIGERIA STOCK MARKET SURGES, INVESTORS TRADE N20 BILLION IN A DAY
On Friday, the Nigerian stock market roared back to life with investors trading a whopping 1.826 billion shares worth N20.03 billion across more than 20,000 deals—way up from Thursday’s 324.6 million shares worth N13.05 billion. This big jump reflects fresh confidence and widespread strength in the market. Access Corporationled the activity, trading over 103 million…
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TINUBU LAUNCHES NATIONAL TAX REVOLUTION COMMITTEE
President Bola Tinubu just green-lit a powerful new task force the National Tax Policy Implementation Committee (NTPIC) to drive Nigeria’s fresh wave of tax reforms. This isn’t just about rules; it’s about building a fair, transparent, and tech-savvy tax system that sparks economic growth and protects both citizens and businesses. Chaired by tax guru Joseph…
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NIGERIA STOCK MARKET BOUNCES BACK AFTER SIX-DAY SLUMP WITH N94 BILLION GAINS
The Nigerian stock market showed signs of recovery on Tuesday, climbing by 0.10% and adding N94 billion to investors’ wealth after six consecutive bearish sessions. Driven by renewed interest in stocks including NCR Nigeria , Ikeja Hotel, Prestige Assurance, and Eunisell Interlinked, the market’s capitalization rose from N91.346 trillion to N91.440 trillion. The All-Share Index…
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EFCC ROLLS OUT ENHANCED DIGITAL FORENSIC TOOLS, EDUCATION TO FIGHT ECONOMIC CRIMES AND BOOST PRODUCTIVITY
The Economic and Financial Crimes Commission (EFCC) is stepping up with advanced digital forensic technology, broader public education, and stricter compliance frameworks to tackle emerging economic crimes and improve Nigeria’s productivity. EFCC Chairman Mr. Olanipekun Olukoyede highlighted these initiatives at the WorldStage Economic Summit 2025 in Lagos, focusing on the need to curb threats such…
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WORLD BANK TO INVEST $500M IN GOMBE’S IRRIGATION PROJECT TO BOOST FOOD SECURITY AND CLIMATE RESILIENCE
The World Bank plans to invest in Gombe State’s irrigation system as part of the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project, aiming to strengthen food security, water management, and climate resilience. Chakib Jenane, the Bank’s Regional Director for Sustainable Development in Western and Central Africa, emphasized the commitment following a visit…
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FAAC SHARES N2.09 TRILLION OCTOBER REVENUE, NIGERIANS DEMAND TRANSPARENCY AND IMPACT
The Federation Account Allocation Committee (FAAC) distributed N2.094 trillion among Nigeria’s federal, state, and local governments from October 2025 revenue. The announcement by Accountant-General Shamsudeen Ogunjimi came after the November FAAC meeting, with funds from statutory revenue, VAT, and the Electronic Money Transfer Levy (EMTL). Breakdown: Federal Government received N758.405 billion, States N689.120 billion, Local…
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FCTA SET TO CRACK DOWN ON PROPERTY FEE DEFAULTERS FROM NOVEMBER 26
The Federal Capital Territory Administration (FCTA) will begin enforcement actions against defaulters of Ground Rent, Land Use Change/Conversion fees, and Right of Occupancy (R-of-O) and Certificate of Occupancy (C-of-O) bills starting November 26, 2025. Senior Special Assistant to the FCT Minister, Lere Olayinka, announced that this move follows the expiry of multiple grace periods granted…
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FCTA TO ENFORCE PAYMENT OF GROUND RENT AND LAND USE FEES FROM NOVEMBER 26
Starting November 26, the Federal Capital Territory Administration (FCTA) is kicking into gear to enforce payments from defaulters owing Ground Rent, Land Use Change/Conversion fees, and bills for Right of Occupancy (R-of-O) and Certificate of Occupancy (C-of-O). This includes property buyers who haven’t registered interests with the mandatory Minister’s Consent or completed Deeds of Assignment.…
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NIGERIAN STOCK MARKET SLIPS AS MARKET CAP FALLS BY N1.17 TRILLION
The equities market kicked off the week on a downbeat note, with market capitalisation dropping by N1.173 trillion, or 1.26%, on Monday. Profit-taking in major stocks like Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance, and Guinea Insurance weighed heavily on the market. Market cap closed at N92.328 trillion, down from its opening value of N93.501…
