Ambrose Omordion – InfoStride News

Index inches up amid bargain-hunting ahead as Q1 results near

Temitope Nlewemchi — Mon, 25 Apr 2022 12:22:46 +0000

Anticipation of improved first quarter (Q1) earnings triggered bargain hunting in the equities sector of the Nigerian Exchange Limited (NGX), last week, as the All-share index and market capitalisation appreciated by two per cent to close the week at 48,459.65 and N26.125 trillion respectively. Similarly, all other indices finished higher except NGX Insurance, which depreciated [...]

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VAT, multiple taxations undermine stock market performance

Temitope Nlewemchi — Mon, 26 Jul 2021 22:25:50 +0000

Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned about N30 billion into government coffers. The amount includes the 10 per cent withholding taxes remitted to the government, despite market operators groaning under the weight of double taxation. The Federal Government, had in 2014, granted a [...]

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NSE’s Market Captialisation Bows To Profit-Taking

David Folami — Wed, 28 Jun 2017 22:11:27 +0000

The market capitalisation of the Nigerian Stock Exchange (NSE) last week bowed to profit taking losing N583 billion with loses by some blue chips. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N11.691 trillion lost N583 billion or 4.99 per cent depreciated by 4.99 per cent to close N11.108 [...]

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