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Business - Page 398

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

AMA News·Business

FBS Welcomed 200 Traders at Its Seminar in Lagos, Nigeria

LAGOS, Nigeria, 20 October 2023 -/African Media Agency(AMA)/- FBS, a leading global broker, successfully ran an exhaustive trading seminar in Lagos, Nigeria, having launched a series of FBS-hosted expert events in the country. The first seminar attracted approximately 200 guests seeking opportunities to enhance

October 20, 2023

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

Business

Naira Slides Further To N1,160/$1 In Parallel Market

The Nigerian Naira continues to weaken against the US dollar in the parallel market, reaching a new low of N1,160 per US dollar. This marks a decline from the N1,100 exchange rate just the day before. The nation’s currency has faced relentless

October 20, 2023

Business·Entertainment

Netflix Stock Surges As Q3 Subscriptions Exceed Expectations

Netflix (NFLX) experienced a remarkable 16% surge in its share price on Thursday, following the release of their Q3 2023 quarterly revenue report. Netflix unveiled its Q3 2023 financial performance, reporting a revenue of $8.54 billion. This figure represented a 7.8% increase year-on-year,

October 20, 2023

NGX stock market. Photo credit: TheCable

Business·Markets

Market Capitalisation Takes N140bn Hit As Stanbic IBTC, MTN, Others Record Losses

Nigerian Exchange Limited (NGX) experienced a downturn in the equities market, resulting in a drop in market capitalisation by N140 billion. The losses were primarily attributed to declines in Stanbic IBTC, MTN Nigeria, and 23 other stocks.

October 20, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Naira Hits N999/$1 At NAFEM As Disparity Widens

The exchange rate between the Nigerian naira and the US dollar plummeted to N999 per $1 during trading on October 19th, 2023. The alarming data, sourced from intraday trading on the FMDQ, which is the official platform for forex trading via NAFEM,

October 19, 2023

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

Business·Markets

Strong Demand For Banking Stocks Boosts Equity Market By N16bn

In a display of investors’ confidence in the banking sector, the equity market yesterday experienced an upswing, surging by N16 billion. The driving force behind this gain was the robust buying pressure witnessed in banking stocks, creating a positive outlook for the

October 19, 2023

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency

CBN Unifies Forex Market Terminology, Introduces NAFEM

The Central Bank of Nigeria (CBN) has ushered in a new era for the Nigerian Foreign Exchange (FX) market, announcing the retirement of the Investors’ and Exporters’ (I&E) FX Window. READ ALSO: CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele

October 19, 2023

Business·Entertainment

Netflix Raises Premium Plan Price By $3 Per Month

Netflix has announced price increase for its premium ad-free plan in the United States, with a $3 per month hike, now priced at $22.99. The one-stream basic plan will also rise to $11.99 in the United States, while other plans will remain

October 19, 2023

Business·Entrepreneurship

Nigeria’s Hair-preneurs: When Soaring Exchange Rates Can’t Quench Beauty Entrepreneurship

In an exclusive interview with Prime Business Africa, hair vendors – Austin Hair and Olysaint Hair, spoke on the dynamic world of Nigeria’s hair business. Despite the challenges posed by fluctuating exchange rates, these entrepreneurs shed light on the opportunities and resilience

October 19, 2023

Ikeja, Kaduna Electric Customers To Lose Prepaid Meters, As Conlog Calls For Reset

Business·Power

Stakeholders Demand Immediate Action As Metering Crisis Threatens Nigeria’s Electricity Sector

Feelers from the Nigeria Electricity Regulatory Commission (NERC) indicate that the metering crisis in Nigeria’s electricity sub-sector shows no sign of abating. Despite a two per cent increase in the metering rate, approximately seven million customers remain without meters, raising concerns about

October 19, 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 398

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

FBS Welcomed 200 Traders at Its Seminar in Lagos, Nigeria

Naira Slides Further To N1,160/$1 In Parallel Market

Netflix Stock Surges As Q3 Subscriptions Exceed Expectations

Market Capitalisation Takes N140bn Hit As Stanbic IBTC, MTN, Others Record Losses

Naira Hits N999/$1 At NAFEM As Disparity Widens

Strong Demand For Banking Stocks Boosts Equity Market By N16bn

CBN Unifies Forex Market Terminology, Introduces NAFEM

Netflix Raises Premium Plan Price By $3 Per Month

Nigeria’s Hair-preneurs: When Soaring Exchange Rates Can’t Quench Beauty Entrepreneurship

Stakeholders Demand Immediate Action As Metering Crisis Threatens Nigeria’s Electricity Sector

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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 398

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