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Business - Page 512

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

Withdraw Charges Against Allen Onyema As Nigeria Did To Binance Executive, Citizens Urge U.S Govt

Business·Transport

Stop Giving My Patriotic Gesture To Nigeria Ethnic Coloration, Air Peace Boss, Onyema, Warns

Allen Onyema, Chairman and CEO of the leading airline in Sub-Saharan Africa, Air Peace, has warned those giving his patriotic gesture to Nigeria an ethnic colouration to stop, saying he would discontinue if such should continue. He said it pains him that

April 28, 2023

Business

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tony Elumelu has reportedly buyout Femi Otedola in Transnational Corporation (Transcorp) to put an end to the hostile takeover which started two weeks ago. Otedola allegedly sold the 2.6 billion shares he bought in Transcorp to Elumelu at the cost of about

April 28, 2023

Business

Fidelity Bank Grows Gross Earnings By 34.4% In 2022

Fidelity Bank Plc has recorded a 34.4 per cent growth in gross earnings to N337.1 billion in the 2022 financial year. This was driven by 45.2 per cent growth in interest and similar income to N295.6 billion. This was revealed in the

April 28, 2023

Tinubu’s Reforms Won’t Achieve Success Overnight – Buhari

Business

Tinubu To Face Greatest Test Before Handover After Buhari Suspends Fuel Subsidy Removal

President Muhammadu Buhari’s administration has suspended the removal of subsidy on fuel, leaving the decision to the President-elect, Bola Tinubu. The Minister of Finance, Zainab Ahmed, previously stated that the subsidy will be removed in June, with the administration budgeting N3.35 trillion

April 28, 2023

Business·Power

Savannah Energy Signs MOA With Cameroon To Develop 75 MW Bini a Warak Hydroelectric Project

Savannah Energy has signed a Memorandum of Agreement with the Government of the Republic of Cameroon for the development of the Bini a Warak Hydroelectric Project (Bini Project) located in the northern Adamawa Region of the country. The signing ceremony held in

April 27, 2023

Business·News·Oil & Gas

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Wednesday led representatives of international oil and gas companies and their service counterparts to visit Orbit Galvanized Steel Industries Limited at Ikorodu, Lagos, a subsidiary of the African

April 27, 2023

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Business·Power

Electricity Consumers Accuse TCN Of ‘Hidden Agenda’ Against Aba Power

Electricity Consumers Association of Nigeria (ECAN) has accused the Transmission Company of Nigeria (TCN) of acting in bad faith by disconnecting Aba Power from the nation’s sole transmission line last Friday over N896 million it owes government agencies in the power sector.

April 27, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market: Honeywell, Cadbury, Others Record N76.15 billion Gain Within Five Hours

Investors in Honeywell Flour, Cadbury and others on the gainers list pocket N76.15 billion on Thursday, as the Nigerian bourse’s market capitalisation rose by 0.26 per cent. These equities recorded high demands that lifted the market capitalisation from N28.36 trillion to N28.44

April 27, 2023

AMA News·Business

In Angola, there is a group called “Arrogance Team” and an event with the theme “Acordos de Bicesse”

LUANDA, Angola, 25 April, 2023 -/African Media Agency(AMA)/- We take a brief step back in time, between 2019 and 2020, to remember the “deafening noise” on social media and not just about “such an event”, which stopped the Angolan capital: Canjala. Tickets, the so-

April 27, 2023

AMA News·Business

Viva Technology, IFC Receive Record Number of Startups’ Applications for the 2023 AfricaTech Awards

AfricaTech Awards ceremony @Viva Technology 2022 PARIS, France, 27 April 2023 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) today announced the top 45 startups long-listed for the second edition of the AfricaTech Awards, a pan-African initiative recognizing companies driving innovation and development

April 27, 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 512

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

Stop Giving My Patriotic Gesture To Nigeria Ethnic Coloration, Air Peace Boss, Onyema, Warns

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Fidelity Bank Grows Gross Earnings By 34.4% In 2022

Tinubu To Face Greatest Test Before Handover After Buhari Suspends Fuel Subsidy Removal

Savannah Energy Signs MOA With Cameroon To Develop 75 MW Bini a Warak Hydroelectric Project

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Electricity Consumers Accuse TCN Of ‘Hidden Agenda’ Against Aba Power

Stock Market: Honeywell, Cadbury, Others Record N76.15 billion Gain Within Five Hours

In Angola, there is a group called “Arrogance Team” and an event with the theme “Acordos de Bicesse”

Viva Technology, IFC Receive Record Number of Startups’ Applications for the 2023 AfricaTech Awards

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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

Sanwo-Olu Expresses Excitement as Lagos Prepares for Eyo Festival Honouring Four Eminent Nigerians

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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

Dollar Trades Flat In Black Market, Appreciates In Official Window

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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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Business - Page 512

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