I.G.R Of States In Nigeria For 2014
STATE 2014 IGR(N’b) ABIA 12.37 ADAMAWA 4.99 AKWA IBOM 15.68 ANAMBRA 10.45 BAUCHI 4.85 BAYELSA 10.96 BENUE 8.28 BORNO 2.76 CROSS RIVER 15.74 DELTA 42.81 EBONYI 11.03 EDO 17.02 EKITI…
[Exchange Rate Shocker] Naira Depreciates To N321 Against Dollar
The exchange rate on the parallel market took its biggest hit today, after the Naira traded at an all time low of N321 against the dollar in some parts of…
Is The US Leading Saudi Arabia Down The Kuwaiti Invasion Road?
Submitted by JC Collins via PhilosophyOfMetrics.com, For the first time in a long time I feel concerned and worried about the prospect of war. The reaction of Saudi Arabia to…
“Bloodbath” In Black Gold – Buffett’s Phillips 66 Dumps Oil In Cushing, Crashes Crude Spreads To 5 Year Lows
The canary in the coalmine of an increasingly desperate energy industry just croaked. With “unusual timing” and at “distressed prices,” Reuters reports that Phillips 66 – the major US refiner…
These Pointers Indicate It’s Time To Buy Dangote Cement Shares
Dangote Cement Plc made two important announcements this week. First was the plans to expand its capacity to manufacture cement to about 38.25mmtpa from 29.25mmtpa. This got analysts licking their…
Prices Of Tomatoes, Pepper, Detergent Spikes As Buhari’s Economy Falters
As Nigeria grapples with currency controls and rising cost of dollars, the effects are now being felt on the prices of goods and services. According to a report from SBM…
The FG Has Big Plans For Technology Startups In Nigeria
The Federal Government has a plan to create three million jobs by 2018 and Information Communications and Technology (ICT) is at the heart of this. Technology startups across the country…
Stockbrokers Transfer Stamp Duty Charge To Investors
The effects of the Stamp Duty tax on depositors into receivers accounts is beginning to take its toll as stockbrokers are now advising investors that they will now start passing…
Nigerian Breweries Posts 10.5% Drop In Profits, Proposes Dividend Of N3.60 For FY’2015
Nigerian Breweries released its financial results for the year end December 31, 2015. The result showed that revenue rose by 10.3% from N266.3 billion in 2014 to N293.9 billion in…
Western Union Partners Viber To Launch Online Money Transfer
Western Union Money Transfer has signed a collaboration agreement with ViberApp enabling it to launch an online payments platform in Kenya. Western Union President Hikmet Ersek commended the new partnership…