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Business - Page 404

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

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

In its half-year financial markets report, the Central Bank of Nigeria (CBN) revealed that it has maintained efforts to alleviate demand pressures and ensure exchange rate stability. Mr. Fola Shonubi, the then acting governor of the Central Bank of Nigeria highlighted the

October 11, 2023

Business

ECA Predicts $195bn Intra-Africa Trade On AfCFTA Implementation

The Economic Commission for Africa (ECA) has predicted that the full implementation of the African Continental Free Trade Area (AfCFTA) will elevate intra-Africa trade to $195 billion by 2045, as compared to the 2020 baseline of $113 billion. During the 14th African

October 11, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·Oil & Gas

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

Senator Ned Nwoko has disclosed that Nigeria has suffered a loss of N2.3 trillion due to crude oil theft in 2023. Disclosing this yesterday, he emphasized that the socio-economic impact of pipeline vandalism and oil bunkering has plunged the nation into a

October 11, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

NNPCL Lying To Nigerians, Country Will Burn Without Fuel Subsidy – Oil Marketers

Oil marketers in the country under the aegis of Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Nigerian National Petroleum Company Limited (NNPCL) of twisting the facts as regards the reintroduction of fuel subsidy. This was as they wondered what

October 11, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

The Organisation of Petroleum Exporting Countries (OPEC) has unveiled its 2023 World Oil Outlook with a projection of soaring oil demand and an urgent call for a $14 trillion investment. This perspective sets them apart from other forecasters, particularly the International Energy

October 10, 2023

Business

Nigeria Breweries Director Resigns Amid Heineken Exit

Mrs. Yeliz Yedikardesler has announced her resignation from her role as Non-Executive Director at Nigeria Breweries Plc. The company conveyed this development in an official statement sent to the Nigerian Exchange Limited, a statement that has since piqued the interest of investors

October 10, 2023

Business

Airline Operators Task Nigerian Govt On Aviation Fuel, Forex

Airline Operators of Nigeria (AON) on Monday pleaded with the Federal Government to be granted licence for the importation and distribution of aviation fuel, popularly called JetA1.

October 10, 2023

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

Business·Markets

BUA, Dangote Top Gainers As Nigerian Equity Market Gains N355bn In Opening Trade

In a promising start to the week, the Nigerian equity market witnessed gains, with investors celebrating a collective increase of N355 billion in market value. The market capitalization surged by 0.97%, reaching N36.865 trillion as the All-Share Index climbed to 67,101.33 basis

October 10, 2023

Business·News

Global Coal Industry May Lose 1m Jobs By 2050 – GEM warns

The Global Energy Monitor (GEM) has warned that the global coal industry may face the loss of 1 million jobs by the year 2050. The prediction comes as a result of GEM’s latest research, casting a shadow over the future of the

October 10, 2023

AMA News·Business

Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia.

LUSAKA, Zambia, 10 October 2023 /African Media Agency (AMA)/- The Africa Fintech Summit is proud to announce Flutterwave as the Lead Fintech Sponsor for its highly anticipated 10th-edition summit, set to take place in Lusaka, Zambia, on November 2-3, 2023. This partnership

October 10, 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 404

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

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

ECA Predicts $195bn Intra-Africa Trade On AfCFTA Implementation

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

NNPCL Lying To Nigerians, Country Will Burn Without Fuel Subsidy – Oil Marketers

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

Nigeria Breweries Director Resigns Amid Heineken Exit

Airline Operators Task Nigerian Govt On Aviation Fuel, Forex

BUA, Dangote Top Gainers As Nigerian Equity Market Gains N355bn In Opening Trade

Global Coal Industry May Lose 1m Jobs By 2050 – GEM warns

Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia.

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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

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

Uganda Restricts Starlink Imports Ahead of January Elections, Sparking Internet Blackout Fears

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