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Did you know with N5000, You can register your business name with CAC?

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The Corporate Affairs Commission has recently extended the deadline registration for accessing its discounted business registration for 2019. Extension of the 50% reduction in the cost of the registration fee for business names window by 90 days effective 13th May, to 13th August 2019. This is exciting news for small business owners that have not registered their company to take advantage of this so that such a company can get recognized by the government and have access to Biding contract, grant and tax-related services to facilitate business contracts with government and corporate organizations, This is going to attract a N500 service charge for name search and reservation. The total cost for business registration amounting to N5,500.  For more information, Visit the Official Website of the Corporate Affairs Commission. http://new.cac.gov.ng/home/public-notice-extension-50-reduction-cost-registration-fee-business-names-window-90-days/
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Profit Taking Ahead, As Investors Await Results Of Interim Dividend Stocks

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Market Update for the Week Ended August 7 And Outlook for August 10-14 Trading activities on the Nigerian Stock Exchange last week remained on the recovery path, extending the three consecutive weeks of bull-run and strong buying sentiments propelled by corporate earnings that beat investors’ expectations. This was despite the array of mixed numbers, rising cases of Coronavirus infection in the country, economy uncertainties and policies mismatch by the government. In the past week also, the Federal Government announced a hike in the price of Premium Motor Spirit (or petrol), in line with its decision to remove subsidy on the product, owing to incidences high level corruption, bringing the pump price to between N148.50 and N150 per litre, a factor that would further push up the cost of living and inflation. The better-than-expected half-year earnings reports submitted by many blue-chip companies and attractive valuation of equity assets in the prevailing low interest and yield environm...
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Status Quo At MPC Sign That Not Much Achieved In 2 Years

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By Idialu Odegua Judith, judyodegua@yahoo.com The Central Bank of Nigeria (CBN), on Tuesday concluded its Monetary Policy Committee (MPC) meeting in Abuja and for the 12th consecutive time in two years, all the benchmark Monetary Policy Rate was retained. While there are noticeable improvements in economic indices, the continued maintenance of the status quo in rates leaves much to be desired than achieved in the period. Specifically, MPR was left at 14%; Cash Reserves Ratio (CRR), 22.5%; Liquidity Ratio, 30%, while the Asymmetric Corridor around the MPR stands at +200/-500 basis points. The major challenge within the period were how to counter risks of inflation, attract foreign investments and maintain exchange rate stability. Bond Meanwhile, trades at the nation’s Bond market closed on a flat note as investors awaited results of the day’s Bond auction, as it was expected to influence movement in yields in the OTC market. However, the Results from the bond auction show...
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