Peter Egwuatu

2 months ago | allafrica.com | Peter Egwuatu

The Federal Government, FGN Securities' Net Asset Value, NAV, under the Pension Fund Administrators, PFAs', investment rose significantly by 18.5% to N14.1 trillion at the end of December 2024 from N18.3 trillion in the corresponding period of 2023. Breakdown of the latest data released by the National Pension Commission, PenCom, shows that the FGN Securities accounted for 62.6% of the total pension fund assets.

2 months ago | newsheadlines.com.ng | Udeme Akpan |Peter Egwuatu |Yinka Kolawole

By Udeme Akpan, Energy Editor, Peter Egwuatu & Yinka KolawoleAS Nigeria steps up efforts to implement its N54.9 trillion 2025 budget, experts have expressed fears that President Donald Trump’s energy policy, targeted at increasing oil output would impact the $75 per barrel target on which the budget is based, inflation and Diaspora remittances, among others.

2 months ago | newsheadlines.com.ng | Peter Egwuatu

By Peter Egwuatu Neimeth International Pharmaceuticals Plc is set to restructure its foreign currency denominated loans as the Company’s foreign exchange, FX, losses hit N2.03 billion. Speaking to the media on the development, Pharm. Valentine Chinedu Okelu, Managing Director/CEO, Neimeth International Pharmaceuticals said: “Neimeth experienced a significant recovery in its operations, positioning us as one of the fastest-growing pharmaceutical companies on Nigerian Exchange Limited, NGX, in 2024.

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".