Capital Flow: Foreign Portfolios Inflow grew 45.93% in August 2023
http://188.166.147.230/wp-content/uploads/2023/10/UTLAM-Weekly-Insight-02-October-2023.pdf UTLAM Weekly Insight – 02 October 2023
FG plans $5bn for ICT firms, to raise telecom access
The Federal Government is set to equip three million Nigerians with tech skills over the next four years. It set a plan to help startups raise their yearly funding rounds to $5bn by 2027, and improve access in rural areas by at least 40 per cent. The Minister of Communications, Innovation, and Digital Economy, Dr. […]
Manufacturers query FG’s 6months VAT waiver on diesel
The Manufacturers Association of Nigeria (MAN) has commended the waiver of the 7.5 percent Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly called diesel, by the Federal Government (FG) but questioned the rationale behind the six months timeframe set for the waiver. Director General, MAN, Segun Ajayi-Kadir, in a chat with Vanguard, noted […]
Mutual Funds investment rises 41.6 % to N1.9 trn in 8 months
Mutual Funds rose year-on-year, YoY, by 41.6% to N1.92 trillion in the eight months ended August 2023, from N1.354 trillion in the corresponding period of 2022. The increase is driven by the high interest rate on fixed income instruments and the upward performance of the stock market, as well as increased awareness on benefits of […]
Fed Govt votes N100b for high-capacity CNG buses
Huge transport boost to alleviate the petrol subsidy pain was unveiled last night. It is a major highlight in the agreements reached between the Federal Government and Labour, which effectively halted the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) strike plan. The decision on transportation also include provision of 55,000 CNG conversion kits […]
Strike: FG reaches truce with NLC,TUC
Organised Labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), has accepted to suspend for 30 days the planned indefinite Nationwide strike scheduled to begin, Tuesday, the 3rd of October, 2023. The decision was contained in a memorandum of understanding signed by both the Federal Government, NLC and the TUC at the end […]