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Business - Page 516

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

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

The Central Bank of Nigeria (CBN) fined Access Bank N604 million for wrong account opening with mismatched details, breaching foreign exchange (forex) guidelines and one other contravention. Prime Business Africa learnt CBN also sanctioned Access Bank for breach of accounts administration agreement,

April 24, 2023

Business·Transport

Air Peace Increases Local Routes With Maiduguri Operations

West and Central Africa’s largest carrier, Air Peace, has kicked of flight operations from Lagos and Abuja to Maiduguri, thereby increasing local routes connectivity. The airline which operated its maiden flight to the Borno State capital on Friday, 21st April 2023, said

April 22, 2023

Social Media Users React On Commercialising Twitter

Business·News·Technology

‘Blue Ticks’: Why Twitter Barred Obi, Tinubu, Atiku, Wizkid, Elumelu, Other Non-subscribers

Non-subscribers to the Twitter ‘blue ticks’ have been barred from running adverts on the platform starting from Friday, April 21, 2023. This development followed removal of many blue ticks on Twitter on Thursday. Recall that verifications of Nigerian celebs and politicians like

April 22, 2023

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

Business·Currency·Markets

EUR/USD Analysis: Volatility Amid Subdued Dollar Index

On April 21, 2023, the EUR/USD currency pair displayed topsy-turvy moves around 1.0960 in the early European session. The major currency pair failed to show any decisive move due to the lackluster performance by the US Dollar Index (DXY). However, investors should

April 22, 2023

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

Business

Air Peace Makes Another History, Begins Two Weekly Flights To Israel

West and Central Africa’s largest carrier, Air Peace, has, again, made another history as the first ever Nigerian airline to fly direct, nonstop to Israel. The airline commenced scheduled operations in Tel Aviv on April 20, 2023, from Lagos and Abuja. At

April 21, 2023

10 African Cities With Fastest-Growing Millionaire Population

Africa·Business·Finance & Economy

10 African Cities With The Most Millionaires – Nigeria’s Lagos Absent; Kigali Leads As Accra Ranks 9th

The “World’s Wealthiest Cities 2023” report released recently disclosed the top 10 African cities with the most substantial growth in their millionaire populations. In the report which was jointly presented by well-known consultancies, New World Wealth and Henley Partners, South Africa is

April 21, 2023

African Leaders Launch School Of Governance, Appoint Moghalu Inaugural President

Business·Finance & Economy

Nigeria’s Economy: The Path To Prosperity

It is a given that the incoming Federal Government of Nigeria will have to tackle decisively the macroeconomic challenges of a fraudulent and wasteful petrol subsidy regime, our debt, revenue and resource allocation crisis, and a broken foreign exchange regime in order

April 21, 2023

Business·Entertainment

Mr Eazi’s Zagadat Capital Sells Vydia For $1bn In Record-breaking Afrobeats Deal

Oluwatosin Ajibade, popularly known as Mr Eazi, a Nigerian musician and entrepreneur who is soon to become the son-in-law of the prominent business magnate and investor, Femi Otedola, has successfully divested Vydia, a portfolio company of his venture capital fund, Zagadat Capital,

April 21, 2023

Union Homes Company Secretary Petitions CBN, Police, Says Aso Savings & Loans Diverted N2.5bn LASG Compensation

Business·News

Ex-Union Homes Company Secretary insists Aso Savings Diverted N2.5b LASG Compensation For Abule Ado Traders, Others

Barrister Kukei Umoye, counsel to former Union Homes Company Secretary Mrs Mainuma Chionuma, has doubled down on the allegation that Aso Savings and Homes illegally diverted N2.5b Lagos State government compensation to Union Homes and the Abule Ado Building Materials merchants, saying

April 21, 2023

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

Business

TCN Fails To Address Allegation Of Plunging Abia Into Indefinite Blackout

The Transmission Company of Nigeria (TCN) has failed to address the allegation of unfair treatment towards an electricity distribution company, Aba Power, which has resulted in power outage for most areas in Abia State. Residents in Abia State will spend the weekend

April 21, 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 516

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

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

Air Peace Increases Local Routes With Maiduguri Operations

‘Blue Ticks’: Why Twitter Barred Obi, Tinubu, Atiku, Wizkid, Elumelu, Other Non-subscribers

EUR/USD Analysis: Volatility Amid Subdued Dollar Index

Air Peace Makes Another History, Begins Two Weekly Flights To Israel

10 African Cities With The Most Millionaires – Nigeria’s Lagos Absent; Kigali Leads As Accra Ranks 9th

Nigeria’s Economy: The Path To Prosperity

Mr Eazi’s Zagadat Capital Sells Vydia For $1bn In Record-breaking Afrobeats Deal

Ex-Union Homes Company Secretary insists Aso Savings Diverted N2.5b LASG Compensation For Abule Ado Traders, Others

TCN Fails To Address Allegation Of Plunging Abia Into Indefinite Blackout

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

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

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Business - Page 516

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