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Business - Page 397

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 Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·News

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

In the backdrop of a turbulent week for Nigeria’s economy, the naira witnessed a fresh low of N1,186 against the US dollar in the unofficial market. This decline can be attributed to the demand for the greenback. An interesting twist in this

October 22, 2023

Corruption: Obasanjo Urges Christians To Engage In Politics

Business·News

Obasanjo Urges Single-Digit Interest Rates On Agricultural Loans For Nigerian Youths

A former Nigerian President, Chief Olusegun Obasanjo, has called on the federal government to lower interest rates on agricultural loans to a single-digit percentage, stressing the importance of this move to transform the agribusiness sector. Speaking at the launch of the “Youths

October 22, 2023

Agro-Economy·Business

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Nigeria’s palm oil imports from Malaysia, a global palm oil giant, surged by 65.3% during the first nine months of 2023. READ ALSO: Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years According to data from the Malaysian Palm

October 22, 2023

Africa·Business

Afreximbank, CEXIM Partner In $600m Deal For China-Africa Trade

In a move that holds promise for the future of trade and economic relations between China and Africa, the African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have joined forces in a $600 million partnership.

October 22, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

October 21, 2023

Business·News

ABCON Seeks Expanded Role For Members In Forex Market

In a bid to bolster liquidity in the forex market and enhance exchange rate stability, the Association of Bureau De Change Operators of Nigeria (ABCON) has petitioned the Central Bank of Nigeria (CBN) for broader participation of its members.

October 21, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·News

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.

October 21, 2023

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

Business·Markets

Thomas Wyatt, Omatek, Others Among Top Gainers As ASI Drops 0.27%

Despite the broader market’s 0.27% decline on Friday, certain stocks stood out with gains. The NGX All-Share Index closed at 66,915.41 points, representing a slight dip from the previous day’s 67,098.81 points. Market capitalization mirrored this decline, closing at N36.76 trillion as

October 21, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks a new low for the Naira, as it hasn’t faced

October 21, 2023

AMA News·Business

Bybit Web3 IDO Adds Pop Social (PPT) to Its Roster, Enabling Access to the Ultimate Web3 AI Social Experience

DUBAI, UNITED ARAB EMIRATES, 20 October 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is excited to announce the launch of Pop Social on its Web3 IDO platform. Bybit users can now participate in the token sale of Pop Social

October 20, 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 397

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

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

Obasanjo Urges Single-Digit Interest Rates On Agricultural Loans For Nigerian Youths

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Afreximbank, CEXIM Partner In $600m Deal For China-Africa Trade

Petrol Price Jumped To N626.21 In September – NBS

ABCON Seeks Expanded Role For Members In Forex Market

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

Thomas Wyatt, Omatek, Others Among Top Gainers As ASI Drops 0.27%

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

Bybit Web3 IDO Adds Pop Social (PPT) to Its Roster, Enabling Access to the Ultimate Web3 AI Social Experience

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US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

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

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US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

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

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

US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

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Business - Page 397

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