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Business - Page 393

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Nigeria has rolled out a unified Tax Identification framework that links tax records directly to existing national identity systems, with the National Identification Number (NIN) now serving as the Tax ID for individuals and Corporate Affairs Commission (CAC) registration numbers forming the

December 23, 2025

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

The Nigerian naira witnessed an impressive surge in the Peer-to-Peer (P2P) market, strengthening by a significant N166 against the US dollar in a few hours.

October 27, 2023

NLNG Boss Hails Tinubu’s Executive Order On Oil And Gas, Say It’ll Unlock Gas Investments

Business·News·Power

Amid Rising Price Of Cooking Gas, Shettima Says Nigeria’s $5bn Gas Earnings Too Low

Against the backdrop of the scarcity of cooking gas in Nigeria which has caused a steep hike in the price of the commodity, the Federal Government on Thursday expressed its resolve to come up with the right tariff that would enable the

October 27, 2023

Business·Finance & Economy·News

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

The United States has extended a helping hand to 18,000 small businesses in Nigeria with an investment of $244 million in a move to drive economic development and entrepreneurship. This initiative, known as the “Feed the Future Nigeria Agribusiness Investment activity,” celebrated

October 27, 2023

Business·Currency·News

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

In a turn of events, the Naira made a recovery against the US Dollar on Wednesday, as it appreciated to N1,300 per dollar on the black market, marking a 0.76% increase equivalent to N10 compared to the previous day’s rate of N1,310.

October 27, 2023

Business·News

Ex-ICAN President Calls For Constitutional Change On Presidential Annual Accounts

Ex-ICAN president Ismaila Muhammadu Zakari has urged the National Assembly to consider a constitutional amendment requiring the president to present the annual audited accounts before the National Assembly, mirroring the process of seeking legislative approval for the budget for transparency and fiscal

October 27, 2023

Financial Expert Tilewa Adebajo Decries Secret Approval Of Securitization Of Ways, Means Advances By NASS

Business·News·Politics

Financial Expert Tilewa Adebajo Decries Secret Approval Of Securitization Of Ways and Means Advances By NASS

Renowned financial expert and public intellectual, Mr. Tilewa Adebajo, has expressed his dismay over the secret approval granted by the Senate to President Bola Ahmed Tinubu’s request to securitize Nigeria’s Ways and Means advances. Adebajo brought this issue to light during the

October 27, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

MULTIVERSE, Chams Holdings, Others Among Top Gainers As NGX Equities Lose N6bn

In a twist on the Nigerian Exchange Limited (NGX), trading activities dipped into bearish territory yesterday, causing equities to lose N6 billion.

October 26, 2023

Business·News

Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials

Transcorp Hotels PLC has released its financial performance for the third quarter of 2023, which indicated a robust year-on-year growth across all benchmarks to the tune of 31.76 per cent.

October 26, 2023

MTN Service Down Time Caused By Damaged Undersea Cables

Business·News

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

The Lagos Zone Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay a sum of $72,551,059 million, an equivalent of N59, 298,475,000 billion back taxes to the Federal Inland Revenue Services (FIRS) for the years 2007 to 2017. However, it’s a

October 26, 2023

Business·News

Obasanjo Bemoans Adire Abuse, Begs Govt To Ban China Imports

Nigeria’s former President, Chief Olusegun Obasanjo has stated that in order not to allow the Chinese further bastardize the locally-produced adire fabrics, Nigeria’s federal government must impose a ban on the variant of the fabrics imported into the country from China. This

October 25, 2023

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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 - Page 393

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

Amid Rising Price Of Cooking Gas, Shettima Says Nigeria’s $5bn Gas Earnings Too Low

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

Ex-ICAN President Calls For Constitutional Change On Presidential Annual Accounts

Financial Expert Tilewa Adebajo Decries Secret Approval Of Securitization Of Ways and Means Advances By NASS

MULTIVERSE, Chams Holdings, Others Among Top Gainers As NGX Equities Lose N6bn

Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

Obasanjo Bemoans Adire Abuse, Begs Govt To Ban China Imports

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Sanwo-Olu Expresses Excitement as Lagos Prepares for Eyo Festival Honouring Four Eminent Nigerians

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Dollar Rate Drops In Black Market, Stable In Official Window

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

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

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Business - Page 393

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