At 31.34%, Nigerian Stock Market Returns Among Top Four Best-performing Exchanges in Africa Kayode Tokede Despite challenges in the foreign exchange market and a regime of double-digit inflation rate, the Nigerian stock market investors’
returns currently stand at 31.34 per cent in its Year-till-Date (YtD) growth, emerging as one of the top four best-performing Exchanges in Africa, THISDAY’s investigation has revealed.
Investigations further revealed that the Ghana Stock Exchange Composite Index (GSE-CI), and the Malawi Stock Exchange (MSE) in their YtD performance emerged as the first and second best-performing
exchanges respectively, in Africa. In YtD performance, GSE-CI stood at 51.38 per cent on investors' returns, while the MSE All Share Index appreciated to 48.86 per cent as of the December 6, 2024 close of
the market. GSE-CI emerged as Africa's top-performing market due to the resilience of key sectors, macroeconomic stabilisation, hike in prices of Gold and increasing trading volume
and liquidity. Improvements in Ghana's economic stability, including a recovery from the domestic debt exchange programme Continued on page 5
FG: COVID-19 XEC Variant Not in Nigeria... Page 5 Sunday, December 08, 2024 Vol 29. No 10836
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Intrigues as PDP Govs, Atiku Battle for the Party’s Soul ... Page 14
Nigerian Economy, Security Improving, Tinubu Declares, Promises Better Days Ahead Vows to go after troublemakers within, outside Nigeria
Linus Aleke in Abuja
President Bola Tinubu has declared
that the Nigerian economy is improving and promised that Nigerians will experience better
days. Represented by the National Security Advisor (NSA), Mallam Nuhu
Ribadu, at the graduation ceremony held yesterday in Abuja for the Executive Intelligence Management
Course 17 at the National Institute for Security Studies, Tinubu also vowed to go after troublemakers
both within and outside Nigeria. Continued on page 5
Again, FG Allays Fears about Tax Reforms, Says Bills Not against North
Says overhaul of Nigeria’s tax system long overdue After briefing by Ribadu, others, NSCIA calls for calm over tax reforms
Olawale Ajimotokan in Kaduna The federal government has again allayed fears about the proposed tax reforms, saying that the bills are not against the northern part of the country as being speculated in some quarters. The Minister of Information and National Orientation, Mohammed Idris, who gave the reassurance yesterday, insisted that the overhaul of Nigeria's tax system was long overdue. This is just as the Nigerian Supreme Council for Islamic Affairs (NSCIA) yesterday advised political leaders to defuse tension and end polarisation over the tax reform bills after a briefing by the National Security Adviser (NSA), Mallam Nuhu Ribadu and other members of the Federal Executive Council (FEC). Speaking yesterday in Kaduna at a public lecture with the theme: ‘Tax Reform: The Role of Public Continued on page 5
WE SHARE YOUR GRIEF...
L-R: Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Minister of State for Finance, Doris Uzorka-Anite; and Business leader, Mr. Tunji Olowolafe, at the burial of Uzorka-Anite’s mum in Oguta, Imo State… Friday