BUA Foods, a part of the BUA Group family has seen its market capitalization balloon to N957.6 billion just one day after listing on the Nigerian Stock Exchange. The company was listed on the Nigerian Exchange on Wednesday, January 5th, 2021, listing 18 billion shares at a share price of N40 per share. However, in…
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, increased to N2.59 trillion as at close of business, 7th of January, 2022, as investors in these banks gained a total of N23.51 billion during the trading week. After 4 trading days of the week, 3 of the 5…
The Federal Inland Revenue Service (FIRS) collected about N6.4 trillion as taxes in 2021. Its Executive Chairman, Muhammad Nami, gave the figure in Abuja on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act. “We collected more than 70 per cent of the target set for 2021 with the help of technology and…
Trust Africa News,By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday, set up a four-man committee led by the Commissioner for Special Duties, Mr Tayo Bamgbose-Martins, an engineer, as a first step to the implementation of the report submitted by the Panel, which investigated the collapse of a 21-storey structure on Gerrard Road…
By Johannes Oluwatobi Wojuola At about 11 am, on Friday, November 12, 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland Revenue Service (FIRS) boss had been elected the President of the commonwealth Association of Tax Administrators (CATA). He is the first Nigerian in the history of CATA to be so…
President Muhammadu Buhari has approved the appointment of Chief Doyin Salami as Chief Economic Adviser to the President (CEAP). The president’s spokesman, Mr Femi Adesina, confirmed the development in a statement on Tuesday. Salami, 59, Chairman of the Presidential Economic Advisory Council, is also the Managing Director and Head Markets Practice at KAINOS Edge Consulting…
The Nigeria Railway Corporation (NRC), says it plans to resume sales of tickets for travelers, following the expiration of the Federal Government free train ride on Jan. 4. Mr Fidet Okhiria, Managing Director, NRC said this when he spoke with the News Agency of Nigeria (NAN) on Tuesday in Abuja.Okhiria said that the sales of…
Africa Magic, a leading provider of premium African entertainment, will in January premiere the third season of hit drama series, “Unmarried”, and the reality TV series, “Date My Family Nigeria”. Dr Busola Tejumola, Executive Head, Content and West Africa Channels, MultiChoice Nigeria, made the disclosure in a statement in Lagos. According to the official, the…
The All Progressive Congress (APC) in Jigawa, says it has concluded arrangements to receive 4,000 members of the People’s Democratic Party (PDP) into its fold. Alhaji Aminu Sani-Gumel, the Jigawa APC Chairman, told the News Agency of Nigeria (NAN) on Tuesday that all the necessary required procedures for their smooth transition had been concluded. Sani-Gumel…
