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Business - Page 52

Federal Government Unveils Sweeping Tax Reliefs to Ease Burden on Workers, Small Businesses

Nigeria has unveiled a sweeping set of tax reforms aimed at easing the financial burden on low-income earners and small businesses while tightening compliance and expanding the country’s tax base. The new laws, signed by President Tinubu in June 2025, are set

November 4, 2025

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

Business·Top Stories

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

Sovereign Trust Insurance grew its revenue from N15.46 billion generated in the first quarter (Q1) of 2024 to N20.44 billion in Q1 2025, indicating a 32 percent increase. This was announced in the company’s Q1 2025 financial statements, which also revealed that

June 13, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th June 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 13th June 2025, is N1,615

June 13, 2025

Business

Tinubu Seeks Laws That Support Industrial Development

Nigeria’s President, Bola Tinubu, has called for support of the National Assembly in crafting innovative laws that support industrial development, job creation, and scaling up food production in the country. Tinubu emphasised that such an approach would create a conducive environment for

June 12, 2025

Business·Top Stories

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

The value of investment held by T.Y Danjuma in Industrial & Medical Gases, formerly known as BOC Gases, dropped by 13.30 percent between January 2 and June 11, according to Prime Business Africa’s analysis. Danjuma, who owns 358 million shares in Industrial

June 12, 2025

Business·Top Stories

Five Conglomerate Companies In Nigeria With Highest Market Valuation

The total market valuation of the six conglomerate companies in the Nigerian stock market increased by N35.29 billion or 5.46 percent in the first quarter (Q1) of 2025, according to Prime Business Africa’s analysis. PBA gathered that the conglomerate companies, which include

June 12, 2025

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business·Top Stories

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Over N252.69 billion was recorded as gross earnings for the first quarter (Q1) of 2025 by First City Monument Bank (FCMB), indicating a 41.12 percent increase compared to the N179.05 billion generated in Q1 2024. According to FCMB’s consolidated and separate financial

June 12, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th June 2025

June 12, 2025

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business

CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

The Central Bank of Nigeria (CBN) has debunked reports claiming it extended the deadline for Bureau De Change (BDC) operators to meet new capitalisation requirements. The apex bank insisted that the deadline remains 3 June 2025, as earlier communicated. Prime Business Africa

June 12, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

NGX Market Capitalisation Gains N404.58bn After Rising To N72.30bn

The market capitalisation of the Nigerian Exchange Limited (NGX) increased to N72.30 trillion on Wednesday, June 11, from N71.89 trillion on Tuesday, June 10, indicating a gain of N404.58 billion. This was driven by a 0.56 percent appreciation in the all-share index

June 11, 2025

Business·Top Stories

Julius Berger Leads List Of Worst-Performing Real Estate Stocks In Nigeria

In the last five months and one week, the worst-performing real estate companies in the Nigerian stock market are Julius Berger Nigeria Plc, Haldane McCall, and the Nigeria Infrastructure Debt Fund (NIDF). This is according to an analysis of equity market data

June 11, 2025

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Business - Page 52

Federal Government Unveils Sweeping Tax Reliefs to Ease Burden on Workers, Small Businesses

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th June 2025

Tinubu Seeks Laws That Support Industrial Development

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

Five Conglomerate Companies In Nigeria With Highest Market Valuation

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th June 2025

CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

NGX Market Capitalisation Gains N404.58bn After Rising To N72.30bn

Julius Berger Leads List Of Worst-Performing Real Estate Stocks In Nigeria

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