Nairametrics - Business news, Economy, Investing, and Financial …
2 days ago · October 11, 2024. Exclusives. IVF costs surge to N2.1m, 250% increase from 2019 prices. byAnthonia Obokoh. October 10, 2024. Businesses. New tax bill to require Tax ID for bankers, finance workers to open, operate bank accounts . October 12, 2024. Dangote to begin crude oil production before the end of 2024 — Report .
Naira gains about N90/$ at official market amid raging Dollar
2 days ago · According to data from the FMDQ Securities Exchange Limited, the naira appreciated by 5.7% following Monday’s trading session, with the dollar trading at N1,552.92/$, down from N1,641.27/$ on Friday at the Nigerian Autonomous Foreign Exchange Market. The FX market turnover, which measures the total volume of currencies traded over a given ...
FG proposes 25% effective tax rate on wealthy Nigerians earning …
1 day ago · The Federal government is looking at imposing a 25% effective tax rate on rich Nigerians proposing that individuals earning N100 million and above monthly in the country should start paying this rate. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele stated this at a breakout session during the Nigeria ...
Naira falls to new low, hits N1,700/$1 in parallel market
2 days ago · The Nigerian naira has plummeted to a new record low, closing at N1,700 per dollar in the parallel market on October 14, 2024, according to data from Bureau de Change (BDC) operators. This represents a 0.29% drop from its previous rate of N1,695/$1 recorded on October 11, despite a surge in crude oil prices, which have surpassed $80 per barrel.
Nairametrics Newsletters
Corporate News Round. This newsletter is a weekly roundup of major updates, announcements, product launches from corporate Nigeria. Written with brevity and corporate wittiness, the newsletter is a must read for any top executive keen on tracking latest business moves and innovation from competition. Select.
CBN survey shows 71.4% of Nigerians want lower interest rate
2 days ago · in Economy. Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship. This is according to the September 2024 Inflation Expectations Survey (IES) of the Central Bank of Nigeria (CBN), which gathered opinions from businesses and households across the country.
2022 Full Year Deals Book - Nairametrics
Nairametrics Deals Book is a document that compiles all deals consummated by Nigerian corporates. It gives insight into areas of the Nigerian economy that raises funding, the source of the funding, and its uses. The document is useful to investors, analysts, regulators, business owners amongst others. The deals are compiled from various sources ...
Weekly Market Report: Nigerian stock market posts 0.09% gain as …
4 days ago · The Nigerian stock market wrapped up the trading week ending October 11, 2024, on a positive note, gaining 86.09 points to close at 97,606.63. This marks a modest 0.09% increase compared to the previous week’s close of 97,520.54. Weekly market volume surged to 1.9 billion shares, an 18% rise from ...
NAIRAMETRICS| COMPANY EARNINGS – Investor Relation …
Chellarams Plc released its unaudited financial results for the second quarter of the year ending 30th of September, 2021. Revenue for the period was N5.19 billion. (+225.3% YoY) Cost of sales of N4.22 billion. (+231% YoY) Administrative expenses totalled N349.7 million. (+13% YoY) Net assets during the period stood at N7.21 billion.
Naira expected to stabilize against the dollar in the fourth quarter …
Oct 8, 2024 · The report emphasizes that the commencement of operations at the Dangote Refinery will play a crucial role in easing forex pressures. With petroleum products accounting for 30-40% of Nigeria’s import bills, the refinery’s full-scale operations are expected to substantially reduce these import costs, thus helping to stabilize the naira in the near term.