· Seplat Energy becomes Nigeria’s leading independent energy company · Production doubles, combined assets include 11 blocks (onshore and shallow water Nigeria); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals · Approximately 1,000 staff and 500 contractors will transition to the Seplat Group. December […]
Author: InvestAdvocate
Nigerian Equities Close Higher +0.3%, Buoyed by WAPCO
December 12, 2024/Cordros Report EQUITIES The domestic stock market closed higher for the third consecutive day as sustained interest in WAPCO (+6.1%) caused a 0.3% increase in the NGX ASI to 98,760.59. Accordingly, the Month-to-Date and Year-to-Date returns improved to +1.3% and +32.1%, respectively. The total trading volume increased by […]
VAT Inflow Rises 14.16% Q/Q to ₦1.78 Trillion
December 12, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q3 2024 was reported at ₦1.78 trillion, a growth of 14.16% from ₦1.56 trillion in Q2 2024. Breakdown of the Q3 figures shows that local VAT payments amounted to ₦922.87 billion, a […]
