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Business - Page 501

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

Business·Entrepreneurship

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023. This is part of the Bank’s commitment to supporting women and female-owned businesses through the provision of soft loans. According to the Bank,

May 19, 2023

Business·News

Polaris Bank Debunks Fraud Allegations, Clarifies Issue With Anthony Olasele’s Account

Polaris Bank Plc has denied involvement in any plot to defraud one of its customers, named Anthony Olasele. Mr Olasele had in a series of tweets, accused the Polaris Bank of declaring him dead, despite being alive, saying it was an attempt

May 18, 2023

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

Business·Markets

Over N256.69 billion Wiped Off Stock Market, Ardova, Honeywell Investors Among Losers

Trading in the stock market on Thursday closed with the equity capitalisation dropping to N28.37 trillion, indicating N256.69 billion loss. Recall that the stock market capitalisation had closed at N28.63 trillion on Wednesday, which means it depreciated by -0.89 per cent. The

May 18, 2023

Africa·Business

Ghana Gets IMF Approval For $3 billion Loan Bailout

The International Monetary Fund (IMF) has approved the $3 billion loan requested by the Ghanaian government, as the firm moves to assist the government in its ongoing debt restructuring and economic recovery. Ghana is faced with financial challenges that have resulted in

May 18, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Investors and exporters were offered the Dollar at the rate of N465.13 kobo/$1 on Wednesday, according to FMDQ Exchange data. This was the closing rate of the Naira to Dollar exchange in the official market. It contrasts the N464.67/$1 both currencies traded

May 18, 2023

AVPA, Sterling One Foundation Opens Applications

Agro-Economy·Business

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

Sterling One Foundation has launched Project Ladder in partnership with Whitefield Foundation and Sterling Bank, to provide support for victims whose farms were affected by the floods in Nigeria. The project which kicked off in Ndokwa East and Oshimili North Local Government

May 18, 2023

Business

New Report Shows Hardship Forces Nigerians In Saudi Arabia, Benin To Return

The National Bureau of Statistics (NBS) has revealed that hardship drove many Nigerians that travelled to Saudi Arabia and Benin Republic back to Nigeria. In a report titled; ‘Awareness and Perception of Intending and Returned Migrant on the Dangers of Irregular Migration

May 18, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Senate Directs CBN To Give Foreign Airlines 2% Of Foreign Reserves

The Senate has directed the Central Bank of Nigeria (CBN) to increase the foreign exchange allocation to foreign airlines operating in Nigeria. This was made known on Wednesday after a motion titled; “Current Issues on Airlines Blocked Funds in Nigeria” moved by Senator

May 18, 2023

$2bn Stolen In Cryptocurrencies In 2023 - Report

Business·Technology

Regulate Crypto Like Gambling, UK Lawmakers Say

UK Lawmakers said in a report today that Bitcoin and other cryptocurrencies should be regulated given the significant risk it posses to consumers. Britain, which wants to become a global hub for cryptocurrencies and blockchain technology, is planning its first rules for

May 17, 2023

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business·Markets

Stock Traders Earn N87.95 billion Despite Losses In Transcorp, Others

Nigerian Exchange Limited (NGX), the stock market authority, reported that the stock market capitalisation jumped to N28.63 trillion on Wednesday, 17 May. It grew by 0.31 or N87.95 billion, having closed trading the day before at N28.54 trillion market capitalisation. The All-Share

May 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 501

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

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Polaris Bank Debunks Fraud Allegations, Clarifies Issue With Anthony Olasele’s Account

Over N256.69 billion Wiped Off Stock Market, Ardova, Honeywell Investors Among Losers

Ghana Gets IMF Approval For $3 billion Loan Bailout

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

New Report Shows Hardship Forces Nigerians In Saudi Arabia, Benin To Return

Senate Directs CBN To Give Foreign Airlines 2% Of Foreign Reserves

Regulate Crypto Like Gambling, UK Lawmakers Say

Stock Traders Earn N87.95 billion Despite Losses In Transcorp, Others

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