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Business - Page 401

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

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

Business·Markets

Nigerian Equities Market Surges with N409bn Gains In One Week

In a week marked by positive price movements in the industrial goods sector, the Nigerian Exchange Limited witnessed a surge in market capitalization, resulting in a substantial N409 billion gain for equities market investors. The All-Share Index rose by 1.12%, reaching 67,200.69

October 17, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·News

$1.5bn Budget Support Loan: Nigerian Govt Should Cut Cost of Governance Not Borrowing More – Moghalu

Former deputy governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has called on Nigeria’s political leaders to cut cost of governance not going to borrow more funds. He stated this in reaction to the current move by the Federal Government

October 16, 2023

Africa·Business

African Diplomat Slams World Bank, IMF For Unfair Lending Practices

Ambassador of Senegal to China, Ibrahima Sory Sylla, has criticized the World Bank and International Monetary Fund (IMF) for their stringent lending policies against countries in Africa.

October 16, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Opinion

Nigeria Week Ahead: CBN Rate Decision, Inflation And Oil in Focus

The combination of mounting geopolitical risk and Fed rate expectations rocked global financial markets last week.

October 16, 2023

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business·Finance & Economy

NBS Releases Latest Data On Food Prices As Nigeria’s Inflation Hits 26.72%

The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s annual inflation rate rose to 26.72 per cent in September from 25.80 per cent in the previous month, even as the headline inflation rate rose year-on-year (YoY) by 26.72 per cent

October 16, 2023

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Business·News

‘It’s More Burden On Nigerians’ – Importers Bemoan 200% Spike In Customs Duty

Nigerian importers have decried the soaring costs of getting goods and commodities cleared from the country’s ports, pointing out that import duty has surged by over 200 per cent compared to previous rates, significantly impacting the cost of imported goods. They lamented

October 16, 2023

NGX stock market. Photo credit: TheCable

Business

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Nigeria has catapulted itself to a global investment powerhouse by securing the third-highest returns worldwide. The latest data from The Nation’s Market Intelligence shows a renewed surge in Nigerian equities, thanks to optimistic investors gearing up for third-quarter earnings reports. This fervor

October 16, 2023

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Business·Power

Generation Costs Dominated 2022 Nigerian Electricity Tariffs At 49.02% – NERC Report

An analysis of the electricity market by the Nigerian Electricity Regulatory Commission (NERC) revealed that the major contributor to end-user tariffs in 2022 was power generation costs, which claimed a commanding share of 49.02%. The Commission, through its 2022 Market Competition Report,

October 16, 2023

Business·Power

Seplat CEO Seeks Affordable Energy For Africa’s Development

Roger Brown, the Chief Executive Officer of Seplat Energy Plc, has called for affordable and reliable energy in shaping Africa's future.

October 15, 2023

Business·News

Despite Painful Reforms, World Bank/IMF Deliberations Affirm Nigeria As First For Foreign Investment – Edun

Coordinating Minister of the Economy, Mr. Wale Edun, has revealed that discussions at the annual meeting of the World Bank/International Monetary Fund (IMF) in Marrakesh, Morocco reveals that Nigeria has now become the first consideration for foreign investment. The Finance Minister, who

October 15, 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 401

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

Nigerian Equities Market Surges with N409bn Gains In One Week

$1.5bn Budget Support Loan: Nigerian Govt Should Cut Cost of Governance Not Borrowing More – Moghalu

African Diplomat Slams World Bank, IMF For Unfair Lending Practices

Nigeria Week Ahead: CBN Rate Decision, Inflation And Oil in Focus

NBS Releases Latest Data On Food Prices As Nigeria’s Inflation Hits 26.72%

‘It’s More Burden On Nigerians’ – Importers Bemoan 200% Spike In Customs Duty

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Generation Costs Dominated 2022 Nigerian Electricity Tariffs At 49.02% – NERC Report

Seplat CEO Seeks Affordable Energy For Africa’s Development

Despite Painful Reforms, World Bank/IMF Deliberations Affirm Nigeria As First For Foreign Investment – Edun

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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

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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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