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Business - Page 517

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

Ex-staff Wins Case Against UBA, Judge Orders UBA To Pay Her N1 million

The United Bank for Africa (UBA) has been ordered by Justice Ayokunle Faji of the Lagos Federal High Court to pay its former employee, Olufunke Bella, N1 million for illegally and unlawfully closing her account. Justice Faji said UBA breached the fundamental

April 21, 2023

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest - Expert

Business·Currency

Dollar Rate Hits N463.67, Tinubu Plans To Cut Exchange Rate To N200

The foreign exchange rate between the Naira and the Dollar was ₦463.67 kobo at the end of trading in the official market on Thursday, 20 April 2023. According to the FMDQ Exchange date obtained, the official market rate of both currencies is

April 21, 2023

Business

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

The value of electronic payment transactions grew by 298 per cent year-on-year in the first quarter of 2023, thanks to the Naira policy of the Central Bank of Nigeria (CBN), led by Godwin Emefiele. According to the Nigeria Interbank Settlement System (NIBSS),

April 21, 2023

NDPHC Restores Electricity Supply To Eko, Aba DisCos

Business·News

BREAKING: TCN Plunges Abia Into Indefinite Blackout

Most of Abia State has since this morning been thrown into unprecedented and indefinite darkness by the Market Operator, an arm of the Transmission Company of Nigeria (TCN) in a move regarded in the power sector as a punitive measure against the

April 21, 2023

Business·Oil & Gas

Seplat Energy, Immigration Service Settle Job Dispute Involving CEO, Roger Brown

Seplat Energy and the Nigeria Immigration Service (NIS) have settled their dispute as the latter withdraws the lawsuit filed against the oil and gas company. The Nigeria Immigration Service had sued Seplat Energy for breaching the Immigration Act 2015 after employing its

April 21, 2023

Business·Finance & Economy

Nigerian Banks And Ghana’s Sovereign Debt Crisis

The financial losses incurred by some Nigerian banks due to Ghana’s default in meeting its debt obligations underscores the significance of country risks faced by international lenders and, more importantly, the contributions of our financial institutions to the development of Africa. Many

April 21, 2023

Business·News·Technology

Twitter Removes ‘Legacy’ Verified Blue Ticks

Twitter on Thursday said goodbye to its ‘legacy’ blue ticks following Elon Musk’s controversial decision to switch up the platform’s verification system by purging the blue check marks As of Thursday evening, our correspondent observed that ‘legacy’ verified accounts had their blue

April 20, 2023

Business·Oil & Gas

$2.4bn Oil Probe: Malami Writes Reps, Panel Threatens Finance Minister

Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), has told the House of Representatives of his readiness to provide relevant information on the alleged illegal sale of 48 million barrels of crude oil to global destinations from 2014 to

April 20, 2023

Business·Currency·Technology

Blockchain Company, Gluwa, Commits $35m To Growing Crypto Exchanges

Leading blockchain company, Gluwa, says it’s ready to work closely with Nigeria’s federal government to create the requisite policy framework that supports legalization and adoption of cryptocurrencies in Africa’s largest economy. It says it has committed $35 million to growing Crypto exchanges

April 20, 2023

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Business

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

Transnational Corporation (Transcorp) Plc, on Thursday, 20 April, revealed that Femi Otedola acquired a majority stake in the diversified investment company. Transcorp said Otedola, who is also the majority investor in Geregu Power, acquired 2.24 billion shares, which gives him a 5.52

April 20, 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 517

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

Ex-staff Wins Case Against UBA, Judge Orders UBA To Pay Her N1 million

Dollar Rate Hits N463.67, Tinubu Plans To Cut Exchange Rate To N200

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

BREAKING: TCN Plunges Abia Into Indefinite Blackout

Seplat Energy, Immigration Service Settle Job Dispute Involving CEO, Roger Brown

Nigerian Banks And Ghana’s Sovereign Debt Crisis

Twitter Removes ‘Legacy’ Verified Blue Ticks

$2.4bn Oil Probe: Malami Writes Reps, Panel Threatens Finance Minister

Blockchain Company, Gluwa, Commits $35m To Growing Crypto Exchanges

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

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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

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

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