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September 19, 2020

What To Expect From The Markets This Week - 210920

Nigeria's headline inflation maintained its uptrend, as it expanded by 40bps in August 2020 to 13.22% y/y (July: 12.82%), the twelfth consecutive month of increase and the highest reading in 28 months. The outturn was 13bps higher than Cordros' estimate (13.09% y/y)

354 VIEWS

September 19, 2020

Tax Appeal Tribunal Delivers Conflicting Decisions on Whether VAT is Chargeable on Property Leases

In Chief J.W. Ellah " Sons Company Ltd v FIRS and Essay Holdings Ltd v. FIRS decided by the Tax Appeal Tribunal (TAT) in Benin and Lagos Zones respectively, the TAT delivered conflicting decisions on whether commercial leases are subject to Value Added Tax (VAT).

257 VIEWS

September 19, 2020

Oil Bulls Return As OPECplus Reassures Markets - OIR 180920

It's been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week.

278 VIEWS

September 19, 2020

NSE post Takeover: The Story of Then and How

In the 1970s and 1980s, Nigeria's stock market was still in its infancy. The open outcry system prevailed with most brokers running on passion or 'animal spirits' rather than logic. The mood of the market was shaped by the powerful aphrodisiac of rumor, speculation, clean and dirty corporate numbers with a dash of hubris.

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