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Business - Page 511

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

Polaris Bank Not Facing Financial Threat, Inside Sources Reveal True Situation, Clarify Falsehood

Sources within Polaris Bank Limited have revealed the true situation in the financial institution that a section of the media has falsely spun around. According to the sources, there is no such thing as a controversy trailing the Bank, as the reaction

May 1, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

The spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumim, has denied reports that the financial regulator plans to phase out the redesigned Naira notes. Abdulmumim said the CBN will continue to release the new currencies and doesn’t intend to withdraw

May 1, 2023

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Business·Power

TCN Fails To Reconnect Aba Power After Collecting N120m

Transmission Company of Nigeria (TCN) has failed to reconnect Aba Power Power to the national grid after collecting N120 million part of the N896 million owed by the utility firm.

April 30, 2023

Africa·Business

Top 10 African Cities With Lowest Cost Of Living

HIGHLIGHTS 1. Numbeo’s methodology for calculating the cost of living index includes factors such as rent, groceries, restaurants, transportation, utilities, and local purchasing power. 2. A low cost of living can have a significant impact on a city’s economy, job growth,

April 29, 2023

NNPC Denies Plans To Increase Fuel Price

Business·Oil & Gas

Post-petrol Subsidy: 4 Most Affected Economic Sectors

As Nigerian government continues to mull over the removal of petrol subsidy scheme due to the heavy burden it poses on public finances, experts have continued to express concerns about the impact on different sectors of the economy due to the likely

April 29, 2023

Polaris Bank Beings Another Phase Of Breast Cancer Screening

Business

Polaris Bank Begins Fourth Phase Of Breast Cancer Screening

Polaris Bank has taken another step towards reducing the incidence of breast cancer in Nigeria by commencing its fourth phase of breast cancer screening for its staff and customers. The screening exercise is aimed at increasing awareness, advocacy, and support, which will

April 29, 2023

20,000 Aba Landlords Mobilise Against TCN Over Blackout

Business·Power

Aba Power Crisis: 20,000 Landlords Mobilise Against TCN Over Blackout

Aba Landlords Protection and Development Association (ALPDA) have resolved to mobilise at the Alaoji power plant in Abia State and occupy it if, within the next 24 hours, the Transmission Company of Nigeria (TCN) fails to rescind its order

April 28, 2023

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

Business·Markets

Stock Market Cap Up By N91.27 billion Despite Losses in Transcorp, Champion Brew, Others

Nigeria’s stock market capitalisation ended trading at N28.53 trillion on Friday, 28 April, rising by N91.27 billion from Thursday’s N28.44 trillion. The All-Share Index appreciated by 167.63 basis points to 52,403.51 ASI, from rose from 52,235.88 ASI. About 3.12 billion shares were traded

April 28, 2023

Business

5 Top Microfinance Banks In Nigeria For Low-income Earners, SMEs

In Nigeria, microfinance banks have made it easier for low-income earners, as well as small and medium businesses to access financial solutions. While commercial banks often snub these categories of customers, it is the number one priority of microfinance banks to bring

April 28, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1 on Thursday, 27 April. Prime Business Africa previously reported on

April 28, 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 511

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

Polaris Bank Not Facing Financial Threat, Inside Sources Reveal True Situation, Clarify Falsehood

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

TCN Fails To Reconnect Aba Power After Collecting N120m

Top 10 African Cities With Lowest Cost Of Living

Post-petrol Subsidy: 4 Most Affected Economic Sectors

Polaris Bank Begins Fourth Phase Of Breast Cancer Screening

Aba Power Crisis: 20,000 Landlords Mobilise Against TCN Over Blackout

Stock Market Cap Up By N91.27 billion Despite Losses in Transcorp, Champion Brew, Others

5 Top Microfinance Banks In Nigeria For Low-income Earners, SMEs

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

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

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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

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

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