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Business

New Tax Laws, Old Fears: When Reform Meets Public Distrust

In June, President Bola Tinubu signed into law four far-reaching tax reform bills, presenting them as a decisive reset for Nigeria’s long-fragmented tax system. The government framed the reforms as a way to simplify taxation, widen the tax base, and protect low-income

December 27, 2025

Nigerian Govt Begins Construction Of 700km Lagos-Calabar Coastal Road, Other Critical Projects

Business·News·Top Stories

Nigeria Secures $1.126bn for Lagos-Calabar Coastal Highway Phase 1, Section 2

Nigeria Secures $1.126bn for Lagos-Calabar Coastal Highway Phase 1, Section 2 President Bola Tinubu has commended the Federal Ministry of Finance for successfully securing $1.126 billion in financing for Phase 1, Section 2 of the Lagos-Calabar Coastal Highway, a significant milestone in

December 26, 2025

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Top Stories

Naira Records Strong Performance Against Dollar In Parallel, Official Markets

The naira recorded a strong performance against the United States dollar (USD) this week, appreciating by 0.60 percent between Monday, December 22, and Wednesday, December 24, in the black market. Both the parallel market and the official window opened trading for three

December 26, 2025

Business·News·Top Stories·Transport

NCAA Explains Damage To Air Peace New Aircraft, Disrupted Flight, Absolves Airline of Wrongdoing

Hours after Prime Business Africa reported that a ground handling equipment damaged a new aircraft acquired by Air Peace and disrupted at least nine flights on Friday, aviation regulatory agency, the Nigeria Civil Aviation Authority (NCAA) has explained the circumstances surrounding the

December 26, 2025

Business·News·Top Stories·Transport

Ground Handling Equipment Damages Air Peace New Aircraft, Disrupts 9 Flights

Ground Handling Equipment Damages Air Peace New Aircraft, Disrupts Multiple Flights Prim Business Africa reports that Flight operations involving a brand-new Embraer 195-E2 aircraft belonging to Air Peace Limited were significantly disrupted on Friday, Boxing Day, following a ground handling incident at

December 26, 2025

Business·Top Stories

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Nigeria chief executive officer, Karl Toriola, and the network provider’s shareholders lost a total of N581.57 billion within three days, Monday, December 22, and Wednesday, December 24, according to Prime Business Africa’s analysis. The shareholders recorded the loss after the company’s

December 26, 2025

Business

Berger Paints Generates N9.31bn Revenue, Grows Profit By 373%

Berger Paints Nigeria generated N9.31 billion in revenue in the first nine months of 2025, exceeding the N7.55 billion turnover recorded in the corresponding period in 2024. The company announced the revenue increased by 23 percent in its unaudited interim financial statements

December 26, 2025

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

NGX Records N63.83bn Share Trades Within Three Days

A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday. The NGX, also known as the stock market, opened for three trading days

December 25, 2025

Business·FEATURES·Top Stories

Best-Performing Drink Producers In Nigeria — By Revenue Growth

Over N543.38 billion in revenue was made by the brewery industry between July and September 2025, compared to the N415.36 billion spent by Nigerians on drinks in the corresponding period in 2024, indicating a 30.82 percent increase. The combined revenue is based

December 25, 2025

Business

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Fidson Healthcare saw a 55.83 percent increase in its revenue, which stood at N93.08 billion for the period between January and September 2025, compared to the N59.72 billion generated in 2024. In the company’s unaudited report and financial statements for the period

December 25, 2025

Business

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business

New Tax Laws, Old Fears: When Reform Meets Public Distrust

Nigeria Secures $1.126bn for Lagos-Calabar Coastal Highway Phase 1, Section 2

Naira Records Strong Performance Against Dollar In Parallel, Official Markets

NCAA Explains Damage To Air Peace New Aircraft, Disrupted Flight, Absolves Airline of Wrongdoing

Ground Handling Equipment Damages Air Peace New Aircraft, Disrupts 9 Flights

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Berger Paints Generates N9.31bn Revenue, Grows Profit By 373%

Best-Performing Drink Producers In Nigeria — By Revenue Growth

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Dollar Rate Drops By N10 In Black Market

Featured Stories

New Tax Laws, Old Fears: When Reform Meets Public Distrust

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Nigeria’s Dissonance and Loss of Global Leverage

Nigeria’s Legislature Orders Re-Gazetting of Four Tax Reform Laws Amid Discrepancy Claims

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IBB Decries ‘Fake Clerics’ as Northern Muslims Turn on Sheikh Gumi Over Banditry Remarks

New Tax Laws, Old Fears: When Reform Meets Public Distrust

Anambra Police Crack Down on Town Union Election Violence: ‘Stay Peaceful or Face the Law’

Kwara Deploys Forest Guards in Expanded Security Push, Praises Tinubu’s National Strategy

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

IBB Decries ‘Fake Clerics’ as Northern Muslims Turn on Sheikh Gumi Over Banditry Remarks

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