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Business - Page 407

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

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

Business·Oil & Gas

Depot Owners Struggle With Rising Fuel Cost Amid Forex Fluctuations

Nigeria's fuel industry is facing a grim reality as foreign exchange rate fluctuations have left numerous petroleum product depots empty.

October 6, 2023

How Everyone Can Make Money On Tiktok Easily

Business·Personal Finance

10 Ways To Save Money In Nigeria

Saving money is a financial goal that can benefit everyone, regardless of what they earn. In the face of the current cost of living crisis in the country, cultivating good saving habit is still possible and crucial. If you’re looking to

October 6, 2023

Business·Markets

NGX Surges As NASCON, Wema, 22 Stocks Boost Market Capitalization By N141bn

The bulls took charge of the Nigerian Exchange Limited (NGX) equities sector, propelling it to significant gains on the back of NASCON Allied Industries Plc, Wema and a rally in 22 other stocks on Thursday. The market witnessed an upswing, with the

October 6, 2023

Business·Finance & Economy

Amid Nigeria’s 2.8% Slow Economic Growth In 2023, These Four Sectors Are Top Performers

Utilities (read electricity industry), financial services, information & communication as well as construction have been identified to be the fastest growing sectors of the Nigerian economy this year. Their growth rates were respectively put at 31.8 per cent, 26.8 per cent, 8.6

October 6, 2023

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Currency

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation carried out by the Central Bank of Nigeria (CBN) on

October 5, 2023

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

Business·Currency

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day before, saw a significant dip of 1.48 percent, settling at

October 5, 2023

Manufacturers Association of Nigeria (MAN) has welcomed the six months waiver of Value-added Tax (VAT) on diesel granted by the Federal Government.

Business

VAT Waver On Diesel: Manufacturers Need Long-term Measures To Lower Production Costs

Manufacturers Association of Nigeria (MAN) has welcomed the six months waiver of Value-added Tax (VAT) on diesel granted by the Federal Government. It however, called on the government to adopt long-term measures to address the issue of high energy costs which

October 5, 2023

Nearly Half Of U.S Citizens Seek Verdict On Trump's Election Subversion Charge As November Polls Approach

Business·World News

Trump Excluded From Forbes 400 Amid Legal Woes

Donald Trump finds himself excluded from The Forbes 400 list of the richest Americans as his net worth plunges by 19%, now estimated at $2.6 billion.

October 4, 2023

MTN Service Down Time Caused By Damaged Undersea Cables

Business

MTN South Africa Invests Billions To Battle Power Crisis, Leveraging Nigerian Experience

MTN Group's South African arm in a strategic move to combat South Africa's ongoing power crisis has unveiled an extensive infrastructure investment plan.

October 4, 2023

Business·News

Sub-Saharan Africa’s Economic Growth Drops T0 2.5% In 2023 – W’Bank Report

The World Bank’s semi-annual Africa Pulse report has raised concerns about the economic future of sub-Saharan Africa. The report, released today, paints a grim picture of the region’s economic prospects, with projected growth rates plummeting to 2.5% for this year, from 3.6%

October 4, 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 407

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

Depot Owners Struggle With Rising Fuel Cost Amid Forex Fluctuations

10 Ways To Save Money In Nigeria

NGX Surges As NASCON, Wema, 22 Stocks Boost Market Capitalization By N141bn

Amid Nigeria’s 2.8% Slow Economic Growth In 2023, These Four Sectors Are Top Performers

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Naira Depreciates To N756/$ In I&E Window

VAT Waver On Diesel: Manufacturers Need Long-term Measures To Lower Production Costs

Trump Excluded From Forbes 400 Amid Legal Woes

MTN South Africa Invests Billions To Battle Power Crisis, Leveraging Nigerian Experience

Sub-Saharan Africa’s Economic Growth Drops T0 2.5% In 2023 – W’Bank Report

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

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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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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

South African Court Blocks $3 Billion Electricity Tariff Deal Over Lack of Public Input

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Business - Page 407

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