December 24, 2024/CSL Research According to the capital importation data from the Nigeria Bureau of Statistics (NBS), the telecoms sector attracted investments worth US$14.74 million in Q3 2024, a sharp 76.99% y/y decline compared to US$64.05 million in Q3 2023. On a quarter-on-quarter basis, foreign capital inflow into the sector […]
Author: InvestAdvocate
Company Income Tax (CIT) Revenue Declined 28% QoQ to N1.8trn in Q3 2024
December 23, 2024/FBNQuest Research According to the most recent data from the National Bureau of Statistics (NBS) on company income tax (CIT), the total CIT receipts into the federation’s account declined by -28% quarter-on-quarter (QoQ) to N1.8trn in Q3 2024. However, on a year-on-year (YoY) basis, the total tax collection […]
Airtel Announces Second $100 Million Share Buyback Programme
December 23, 2024/NGX Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces the commencement of a second share buyback programme that will return up to $100 million to shareholders. The share buyback reflects the Board’s confidence in the Company’s […]
