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Business - Page 400

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

Nigerian Govt To Probe Ajaokuta Steel N33bn Electricity Debt Amid TCN Disconnection

Business·Power

Ajaokuta Steel Risks Disconnection Over N25bn Debt – NERC Warns Nigerian Govt

Electricity distribution companies, via the Nigerian Electricity Regulatory Commission (NERC), have issued a warning to the Federal Government, raising concerns that failure to settle its mounting N25 billion electricity bill may lead to the disconnection of Ajaokuta Steel Co. Ltd from the

October 17, 2023

Business·News

Nigeria Govt Secures $1.5bn World Bank Loan, $80m From AfDB

The Nigerian government on Monday, announced that it has secured $1.5 billion from the World Bank and an additional $80 million from the African Development Bank to boost it’s finances. These facilities are to support critical sectors of the economy, marking a

October 17, 2023

Business·News

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

The Nigerian government on Tuesday disclosed that it has put a stop to the exportation of raw minerals like gold, lithium, and similar natural resources from the country, opting rather for the refining and processing of the raw materials before they are

October 17, 2023

AMA News·Business

Control Your Drive: FBS Promotes Trading Risk Management and Presents Car to Malaysian Trader

JOHANNESBURG, South Africa, 17 October 2023 -/African Media Agency(AMA)/- FBS, a licensed global broker, rewards a trader from Malaysia with the keys to a brand-new Mercedes-Benz that he won in the FBS birthday promo earlier this year. The winners’ thought-provoking approach to trading inspired

October 17, 2023

Business·News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

October 17, 2023

Israel-Hamas Conflict Boosts Global LNG Prices By 40%

Business·World News

Israel-Hamas Conflict Hikes Global LNG Prices By 40%

Israel-Hamas conflict, which began on October 7 following a festival attack by Hamas militants, has led to a more than 40% surge in Liquefied Natural Gas (LNG) spot prices.

October 17, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Nigerian Exchange Limited (NGX) experienced a rocky start as it reopened for transactions on Monday, with the market capitalization plummeting by N90 billion.

October 17, 2023

Nigeria’s power generation has risen to 5,313 Mega Watts (MW), first time in three years, says the Minister of Power, Bayo Adelabu.

Business·News·Power

FCCPC Finds Electricity DisCos Oppressive To Nigerians Despite Huge Earnings

Despite raking in staggering amounts as revenues from customers over the years, it emerged on Monday that Electricity Distribution Companies (DisCos) operating in Nigeria’s electricity supply industry have been oppressive in their dealings with electricity consumers in the country.

October 17, 2023

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Business

Lagos State Government To Clear Pension Backlog By December

The Lagos State government has pledged to clear the lingering backlog of pensions by the end of 2023, ensuring that retirees receive their entitlements promptly. This announcement was made by Mr. Afolabi Ayantayo, the Commissioner for Establishments and Training in Lagos State.

October 17, 2023

NIN-SIM Linkage: Poor Sensitisation, System Hitches Blamed For 72.8m Unlinked Subscribers

Business·News

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Telecommunication companies in Nigeria have issued fresh threats to withdraw Unstructured Supplementary Service Data (USSD) services, adding another layer of controversy to the ongoing dispute over N120 billion owed to them by banks.

October 17, 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 400

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

Ajaokuta Steel Risks Disconnection Over N25bn Debt – NERC Warns Nigerian Govt

Nigeria Govt Secures $1.5bn World Bank Loan, $80m From AfDB

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Control Your Drive: FBS Promotes Trading Risk Management and Presents Car to Malaysian Trader

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Israel-Hamas Conflict Hikes Global LNG Prices By 40%

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

FCCPC Finds Electricity DisCos Oppressive To Nigerians Despite Huge Earnings

Lagos State Government To Clear Pension Backlog By December

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Featured Stories

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

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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

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How Police Detained FIJ Reporter’s Wife, Baby as Bait to Arrest Investigative Journalist Atanda in Lagos

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

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

How Police Detained FIJ Reporter’s Wife, Baby as Bait to Arrest Investigative Journalist Atanda in Lagos

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