VAT resumption, economic uncertainties sink stock index below 27,000 benchmark
Sell pressure in Nigeria’s equities market exacerbated by the re-introduction of value added tax on transactions coupled with lack of fiscal incentives for investment has resulted in depleting the stock market’s lead index below the psychological bench mark of 27,000 basis points. These were the submission of stock brokers who spoke with business a.m Friday. […]
Nigeria All-share Index opens week positive on bellwethers’ performance, up 1.5%
The local bourse began the week on a positive note as the NSE All Share Index gained 1.5 percent to settle at 43,513.93 points while year till date return expanded to 13.8 percent. Accordingly, investors gained N229.1 billion in value as market capitalization stood at N15.6 trillion. Today’s positive performance was largely driven by upticks […]