Despite the hardship and economic challenges being faced in the country due to inflation, the Kaduna Chamber of Commerce, Mines and Agriculture (KADCCIMA) has disclosed plans to hold the 46th edition of the Kaduna International Trade Fair. Addressing a press conference preparatory to the fair slated for 14th to 23rd February, 2025, Alhaji Farouk Suleiman, 1st deputy president of the …
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The manufacturing sector remained the top contributor to Value-added Tax (VAT) with a contribution of N395.34 billion, representing 22.21 percent of the N1.78 trillion total VAT collections in the third quarter of 2024 (Q3’24), reaffirming its critical role in Nigeria’s economic development. Recall that the National Bureau of Statistics (NBS) also reported the manufacturing sector as the highest sectoral contributor, accounting …
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The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day. The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities. Specifically, the market capitalisation, which opened at N62.763 trillion, …
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