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Business - Page 509

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

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business

Air Peace To Lose N700 million To NLC, TUC Faceoff With Gov. Uzodimma

Air Peace has criticised the actions of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) against the firm, which the airline said will result in N700 million loss. The international airline, owned by Allen Onyema, accused the workers’ unions

May 3, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday, 1 May, the official market was closed, hence, no foreign

May 3, 2023

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Business

CBN Hits Sterling Bank With N218 million Fine For Unfair Contract Terms, Others

The Central Bank of Nigeria (CBN) fined Sterling Bank N218 million for shutting down two branches without approval, amongst other contraventions. Prime Business Africa learnt that Sterling Bank was sanctioned for the closure of two branches in 2020 and the acquisition of

May 3, 2023

AMA News·Business

Wikimedia Foundation launches Open the Knowledge Journalism Awards on World Press Freedom Day

Award nominations for stories that help to expand knowledge about Africa by African journalists open from May 3 – June 30, 2023 San Francisco, USA May 3, 2023 -/African Media Agency(AMA)/- Africawide – The Wikimedia Foundation, the non-profit that operates Wikipedia and other Wikimedia projects, is today launching

May 3, 2023

Business

Nigerian Breweries To Borrow N25 billion Amid Financial Downturn

Nigerian Breweries is seeking new investors to invest in the company through Commercial Paper issuance, in order to borrow N25 billion. The Commercial Paper issuance is in Series 4, 5 and 6, which were opened on 28 April 2023, and slated to

May 3, 2023

Business

Shelter Afrique Seeks Review of Key Statutory Documents

Pan-African housing development financier – Shelter Afrique is seeking to review and harmonize the statutory documents that established the institution, citing inconsistencies in its constitutive documents. The Company is also seeking a review of the host country agreement to incorporate diplomatic privileges

May 3, 2023

Business·News

TGI Ranked Among LinkedIn’s Top 25 Workplaces

Tropical General Investments (TGI) Group has been ranked among the 25 Best Workplaces where people can grow their careers in the 2023 LinkedIn Top Companies list. The LinkedIn Top Companies list ranks the top 25 companies investing in their employees and helping

May 3, 2023

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

Business·Markets

Transcorp, Geregu, Others Drag Down Nigerian Stock Market Value By N65.88 billion

On Tuesday, 2 May, N65.88 billion was wiped off from the N28.53 trillion market capitalisation the Nigerian bourse closed with on Friday, 28 April. The Nigerian stock market didn’t open on Monday, 1 May, due to the Workers’ Day public holiday. As

May 2, 2023

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

Business·Currency

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

The foreign exchange (forex) rate between the Naira and the Dollar has increased by 47 per cent since the Central Bank of Nigeria (CBN) banned the sales of FX to the black market. This represents N245 increase in the price offered by

May 2, 2023

Business

IMF Reveals How Nigeria, Others Could Lose $10 billion To US, China Dispute

Foreign Direct Investment (FID) into Nigeria and other Sub-Saharan African countries could drop by $10 billion, the International Monetary Fund (IMF) has disclosed. The IMF made this known in a post titled; “Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical

May 2, 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 509

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

Air Peace To Lose N700 million To NLC, TUC Faceoff With Gov. Uzodimma

Naira Recovery Knocks Down Dollar Rate In Official Market

CBN Hits Sterling Bank With N218 million Fine For Unfair Contract Terms, Others

Wikimedia Foundation launches Open the Knowledge Journalism Awards on World Press Freedom Day

Nigerian Breweries To Borrow N25 billion Amid Financial Downturn

Shelter Afrique Seeks Review of Key Statutory Documents

TGI Ranked Among LinkedIn’s Top 25 Workplaces

Transcorp, Geregu, Others Drag Down Nigerian Stock Market Value By N65.88 billion

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

IMF Reveals How Nigeria, Others Could Lose $10 billion To US, China Dispute

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

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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