Peter Egwuatu

Dec 9, 2024 | theafrica.co.za | Peter Egwuatu

as analysts predict mixed sentiments this week By Peter Egwuatu The Nigerian equitiesmarket closed lastweek on a positive note, largely driven by gains in Wapco, Seplat, Access Holdings among others to boost the market capitalisation, which closed at N59.5 trillion, up from N59.215 trillion the previous week. Specifically, Wapco gained 27.6 following the announcement of the proposed sale of the companys majority stake to Huaxin Cement.

Dec 6, 2024 | allafrica.com | Peter Egwuatu

The Chartered Institute of Taxation of Nigeria (CITN) yesterday endorsed the proposed tax reform bills but advised the Federal Government to drop the derivation aspect in order to ensure the success of the reforms. The President of the Institute, Mr. Samuel Agbeluyi, gave this advise at a media workshop for finance journalists in Lagos, saying, "If the derivation principle would pose a problem, then it can dropped as we cannot throw away a baby with the bad water".

Dec 3, 2024 | theafrica.co.za | Peter Egwuatu

As PMI remains below 50.0 points By Peter Egwuatu Sustained rise in inflationrate has stagnated business operations in Nigeria with the Purchasing Managers Index, PMI, still below the 50.0 points readings. PMI tracks operating environment of businesses which leads to improvement or otherwise in business performance. PMI readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.

Dec 3, 2024 | allafrica.com | Peter Egwuatu

Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers' Index, PMI, still below the 50.0 points readings. PMI tracks operating environment of businesses which leads to improvement or otherwise in business performance. PMI readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.

Dec 2, 2024 | theafrica.co.za | Peter Egwuatu

as Seplat, GTCO, MTN record losses By Peter Egwuatu The Nigerian ExchangeLimited, NGX closed last week lower as the stock market reacted negatively to the latest interest rate increase by the Central Bank of Nigeria, CBN. Last week, the Monetary Policy Committee, MPC of the apex bank raised the benchmark interest rate, the Monetary Policy Rate, MPR, by 25 basis points to 27.5 from 27.25.