The Nigeria Tax Act forces parent companies of large multinational groups to pay a top-up tax in Nigeria, closing gaps that once let profits sit untaxed in low-rate jurisdictions abroad.
Seplat Energy has locked in the naira conversion rate for its record quarterly dividend, and the number carries real weight for every NGX shareholder expecting a deposit on August 28.
Dangote Sugar closed higher on a session that wiped ₦1.76 trillion from the NGX, and the reason goes beyond one good day.
BUA Cement shares fell nearly 9% in a single session, dragged down by broad selling pressure that erased trillions in NGX market value.
Zenith Bank and GTCO closed lower on August 11 as Fidelity Bank, Sterling, and Wema Bank posted gains in a session that wiped ₦1.17 trillion from the NGX.
Guinness Nigeria shed nearly 9% on August 11 as a sweeping selloff erased N1.17 trillion from the Nigerian Exchange in one session.
An NGX Group employee offloaded 85,000 shares in one transaction, raising fresh questions about insider confidence at the exchange operator.
The AfDB says West Africa’s $90 billion financing gap has less to do with missing money and more to do with how existing capital sits idle.
Aradel Holdings shed ₦152.60 per share in a single trading session, and the reasons behind the sell-off may not be what you expect.
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