May 4, 2023/FBNQuest According to the National Bureau of Statistics’ most recent data on rail transportation, the total revenue generated through the mode of transportation grew by +81% q/q to c.NGN1.7trn in Q4 ’22. This compares favourably with an increase of +27% q/q in the previous quarter. On a y/y […]

May 4, 2023/United Capital In a circular dated 20-Apr-2023 and signed by the Minister of Finance, the Federal Government introduced new Fiscal Policy Measures (FPM) for 2023; this introduced additional taxes on previously approved rates for tobacco, alcoholic beverages, wines, and spirits ranging from 20.0 – 100.0%. On Tuesday 02-May-2023, […]

May 3, 2023/United Capital Since the collapse of Silicon Valley Bank (SVB) in March 2023, concerns about the health of the US banking system and a possible repeat of the 2008 financial crisis have been the major headlines. In particular, the focus has been on First Republic Bank (FRC) as […]