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archiveJanuary 17, 2020

CAPITAL MARKETMARKETSTOP STORY

Flour Mills to raise N20bn through bond offering

  Flour Mills of Nigeria Plc has announced the issuance of N20 billion “in medium terms bonds subject to appropriate pricing.” The company disclosed this in its notification to the Nigerian Stock Exchange (NSE) on Thursday, signed by Joseph A.O Umolu, its Company Secretary/Director, Legal Services. According to the company,...
ECONOMYTOP STORY

New VAT rate takes effect February 1

The Federal Government has said the commencement of the implementation of the new Value Added Tax (VAT) of 7.5 per cent is to take effect from February 1, 2020, after all the necessary administrative procedures have been completed, especially the Gazette of the recently signed 2019 Finance Act by the...