At the Nigerian Exchange Limited (NGX) on Tuesday, equity trading maintained yesterday’s sentiment, leaving the benchmark down 0.19%. Profit-taking activity on flagship stocks, particularly Seplat and Guaranty Trust Holding Company, weighed on the stock market, plunging the All Share Index (ASI) by 0.19% to settle at 47,340.86 basis points. Thus,Read More →

CNBC host “Mad Money” Jim To screw up noted Investors like him are expected to record profits in their cryptocurrency wallets on Monday before things get worse amid weakness linked to struggling Chinese real estate developer Evergrande. What happened: Cramer said that while cryptocurrency supporters don’t like to hear theRead More →

President Joe Biden’s plan to tax profits reported by corporations to investors will likely distort incentives for financial reporting, provide shareholders with less transparency and raise difficult implementation issues. Biden’s infrastructure proposal would apply a minimum tax of 15% on profits that corporations report publicly on their financial statements, knownRead More →