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Business - Page 2

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Nigeria’s decision to sign a new tax-administration cooperation agreement with France has ignited wide public debate, with questions emerging about the possible exposure of sensitive national economic information. The Federal Inland Revenue Service (FIRS), however, maintains that the partnership poses no risk

December 12, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business

UAC Nigeria, Sunu Assurance, Others Wipe Off N33.80bn From NGX

The Nigerian Exchange (NGX) Limited said the market capitalisation of the stock market dropped marginally by 0.05 percent to N93.62 trillion on Wednesday, December 10. This means N33.80 billion was wiped off the NGX at the end of trading as the bourse’s

December 10, 2025

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business·Top Stories

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in 2024, representing a 40.89 percent increase. FCMB announced the turnover growth in its unaudited consolidated and separate financial

December 10, 2025

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

December 10, 2025

Naira Ends Week With Marginal Gain Against Dollar

Business·Top Stories

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

The foreign exchange (FX) rate for the United States dollar (USD) closed at N1,454/$ in the Nigerian foreign exchange market (NFEM), also known as the official window, on Tuesday, December 9, 2025. According to the data on NFEM provided by the Central

December 9, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn

About N310 billion was lost in the Nigerian Exchange (NGX) on Tuesday, December 9, as the bourse’s market capitalisation dwindled to N93.65 trillion, from the N93.96 trillion reported on Monday, December 8. According to NGX data, 487.66 basis points were wiped from the

December 9, 2025

Africa·Business·News·Politics

Niger Tightens Inspections on Nigerian Goods Amid Regional Security Concerns

The Republic of Niger has ordered stricter inspections on all goods entering from Nigeria, particularly items classified as “miscellaneous,” requiring them to be unloaded and cleared at border entry points before any transit procedures, according to a directive signed by Colonel Mohamed

December 9, 2025

Business

Guinea Insurance’s Profit Drops From N567.66m to N49m

Between January and September 2025, Guinea Insurance recorded N2.13 billion in revenue, compared to the N2.03 billion reported in the first nine months of 2024, representing a 4.93 percent growth. According to the company’s financial statement for the period ended September 30,

December 9, 2025

Business·Finance & Economy·News·Top Stories

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

Nigeria’s new tax framework, set to take effect in January 2026, is designed to modernize the country’s fiscal system, simplify compliance, and enhance economic competitiveness, the Special Adviser to President Tinubu on Economic Affairs, Dr. Tope Fasua, has said. Addressing growing public

December 9, 2025

Business·Finance & Economy·News·Top Stories

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, marking one of the most significant clean-ups of the retail foreign exchange market in recent years.

December 9, 2025

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Rate Closes At N1,454/$ In Official Window

In the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday, December 8, the United States dollar (USD) traded flat at N1,454 per $1, the same foreign exchange (FX) rate reported on Friday, December 5. Before the exchange

December 8, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business - Page 2

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

UAC Nigeria, Sunu Assurance, Others Wipe Off N33.80bn From NGX

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn

Niger Tightens Inspections on Nigerian Goods Amid Regional Security Concerns

Guinea Insurance’s Profit Drops From N567.66m to N49m

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

Dollar Rate Closes At N1,454/$ In Official Window

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Dangote Hails Ooni of Ife for Clearing 19 Shrines to Facilitate Refinery Construction

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