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Business - Page 53

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

Business·Top Stories

Access Holdings’ Net Interest Income Drops As Expense Skyrockets By 71.32%

Access Holdings grew its interest income by 36.28 percent to N980.67 billion in the first quarter (Q1) of 2025, compared to N719.59 billion reported in the corresponding period in 2024. The company announced the increase in its consolidated and separate interim financial

June 11, 2025

Business·Oil & Gas

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Premium Motor Spirit (PMS), also known as petrol, is not cheap in Nigeria. IPMAN spokesperson, Chinedu Ukadike, stated this while reacting to comments made by the President of Dangote Group, Alhaji

June 11, 2025

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

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th 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 11th June 2025, is N1,610

June 11, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets

Naira Further Appreciates Across FX Market After Sallah Celebration

The Nigerian naira recorded significant appreciation at the foreign exchange market on Tuesday, 10 June 2025, being the first trading day after the Ed-el-Kabir celebration. The naira traded N1,540.048 against the United States Dollar at the Nigeria Foreign Exchange Market (NFEM) on

June 10, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Top Stories

Nigerian Stock Market Returns From Eid-el-Kabir Break With N377.88bn Loss

After a two-day break to celebrate Eid-el-Kabir festival, the Nigerian stock market opened trading for this week with a 0.52 per cent decline in the equity capitalisation on Tuesday, June 10. According to data obtained from the Nigerian Exchange Limited (NGX), the

June 10, 2025

Cooking Gas Crisis: Will Nigeria's LPG Export Ban Be The Solution?

Business·Oil & Gas

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

Nigeria’s already struggling households are in for deeper hardship as Liquefied Petroleum Gas (LPG), also known as cooking gas, prices continue to surge, worsening inflation, hunger, and energy poverty. The latest price hike of this essential commodity has forced many families to

June 10, 2025

Dangote Cement, Rand Merchant Bank Begin Commercial Paper Issuances On FMDQ Exchange

Business·Top Stories

Lafarge Shareholders Gain N215bn As Dangote, BUA Cements Struggle To Attract Investors

Dangote Cement and BUA Cement have not had an impressive outing in the second quarter (Q2) of 2025 compared to their market rival, Lafarge Wapco, according to analysis by Prime Business Africa. This publication gathered that stock market investors are not bullish

June 10, 2025

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Business·Top Stories

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Cornerstone Insurance Plc saw its insurance revenue grow by 49 percent in 2024, after recording N38.66 billion, against the N25.91 billion reported in 2023. The company’s insurance service expenses grew similarly, as it rose by 42 percent year-on-year from N17.95 billion to

June 10, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th June 2025

June 10, 2025

Business·Power

Nigerian DisCos Lose N202bn Revenue As Electricity Bills Rise By 107%

Despite an increase in electricity billing nationwide, power distribution companies (DisCos) reported a loss of more than N202 billion in their revenue collections for the first quarter of 2025. The latest report published by the Nigeria Electricity Regulatory Commission (NERC) revealed that

June 10, 2025

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Business - Page 53

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

Access Holdings’ Net Interest Income Drops As Expense Skyrockets By 71.32%

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th June 2025

Naira Further Appreciates Across FX Market After Sallah Celebration

Nigerian Stock Market Returns From Eid-el-Kabir Break With N377.88bn Loss

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

Lafarge Shareholders Gain N215bn As Dangote, BUA Cements Struggle To Attract Investors

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th June 2025

Nigerian DisCos Lose N202bn Revenue As Electricity Bills Rise By 107%

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