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Business - Page 54

Federal Government Unveils 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

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

The Central Bank of Nigeria (CBN) fined commercial banks N17.35 billion in 2024, with the penalty increasing by N16.98 billion compared to the N369,71 million the financial institutions paid in 2023. According to Prime Business Africa’s findings, CBN fined nine banks, out

June 9, 2025

Business·Top Stories

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

FCMB Pensions Limited has disclosed that the company recorded N8.87 billion as fee income in 2024, compared to N7.26 billion in 2023, indicating a 22.14 percent increase. The pension company announced in a summary of financial information for the year ended December

June 9, 2025

Business

Fuel Subsidy Removal: Revenues To States, LGAs Surged By 55.2% In 2024 – Report

The Nigerian government says the removal of fuel subsidy has significantly increased revenues for both state and local governments, marking a major shift in fiscal dynamics. A policy explainer published by the National Orientation Agency (NOA) and titled “Two Years Later: Key

June 9, 2025

Business·Top Stories

Five Most Valuable Real Estate Companies In Nigeria

Julius Berger Nigeria Plc, Nigeria Infrastructure Debt Fund (NIDF), UPDC Plc, UPDC Real Estate Investment Trust (UPDCREIT), and Haldane McCall are the five most valuable real estate stocks listed on the Nigerian Exchange Limited (NGX). According to data obtained from the Nigerian

June 9, 2025

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency·Markets

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

The naira has been on a positive trajectory in recent weeks, maintaining relative stability and a modest appreciation across foreign exchange market windows. The local currency ended last week on a positive note, recording a two-month high of N1,553.11 per dollar on

June 9, 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, 9th 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 9th June 2025, is N1,590

June 9, 2025

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·Oil & Gas

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Economist and Chief Executive Officer of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has predicted that the price of Premium Motor Spirit (PMS), also known as petrol and diesel, may drop in June and July. Mr Rewane made the projection in its

June 8, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th June 2025

June 8, 2025

NUPRC Data Contradicts NNPC’s 1.8m bpd Celebrated Output Figures, Indicates 1.53m Daily Production

Business·Oil & Gas

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted allegations that it violated the licensing guidelines during the 2024 Oil Block Licensing Round. NUPRC explained that the entire process was conducted in strict compliance with the Petroleum Industry Act (PIA) and its

June 7, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Maintains Stability, Records Two-month High Of N1,553 Per Dollar

The Nigerian naira soared to a two-month high of N1,553.11 per dollar on Thursday, 5 June 2025 at the official foreign exchange (FX) market. The last time the naira traded close to this rate was on 3 April 2025 when the dollar

June 7, 2025

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Business - Page 54

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

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

Fuel Subsidy Removal: Revenues To States, LGAs Surged By 55.2% In 2024 – Report

Five Most Valuable Real Estate Companies In Nigeria

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th June 2025

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th June 2025

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

Naira Maintains Stability, Records Two-month High Of N1,553 Per Dollar

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