Category: Capital Market

    There are strong indications that the Nigerian Stock Exchange (NSE) and NASD may resume five per cent Value Added Tax (VAT) charges on transactions today.   The order for exemption of VAT from all NSE and NASD transactions was granted by the Federal Government in 2014. The order became effective on the  July 25, 2014 for a 5-year period, and this is expected to end today.   To this end, all dealing members of NSE and NASD have been directed to resume charging VAT on all NSE and…

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•Pays N16 dividend The Chairman of Dangote Cement Plc, Aliko Dangote, has promised that the expected increase in export of cement will attract a minimum of  $700 million into the economy. Disclosing this yesterday during the company’s 10th Annual General Meeting in Lagos, he said the foreign exchange inflow would assist the Federal Government as well as Dangote Group in its other activities across Africa. The chairman, who described the shareholders and staff as the bedrock of the company, also promised to pay N16 per every 50k share as dividend.…

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