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Business - Page 55

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

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, 7th 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 7th June 2025, is N1,590

June 7, 2025

Business·Top Stories

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

Access Holdings was fined N1.20 billion by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in 2024, more than the N38 million penalty paid in 2023. According to the company’s consolidated and separate financial statements for the

June 6, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business·Top Stories

Five Best-Performing Real Estate Stocks In Nigeria

The market valuation of real estate stocks in the Nigerian Exchange Limited (NGX) decreased by 7 percent or N30.87 billion between January 2 and June 5, according to Prime Business Africa’s analysis. Data obtained from the NGX showed that the stocks comprise

June 6, 2025

Coronation Insurance Revenue Rises To N15.75bn — But Profit Drops By 38.84%

Business·Top Stories

Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

Coronation Insurance has announced N15.75 billion revenue for the first quarter (Q1) of 2025, indicating turnover increased by 54.18 percent year-on-year from the N10.22 billion reported in Q1 2024. Also, the company’s earnings were impacted by an 82.83 per cent increase in

June 6, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th June 2025

June 6, 2025

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business·News

Naira-for-crude Made Petrol Cheaper, Available In Nigeria – Dangote

President of Dangote Group, Alhaji Aliko Dangote, has hailed President Bola Tinubu’s administration for initiating the Naira-for-crude policy, saying that it helped in making the price of petrol cheaper in Nigeria. Dangote revealed that the policy has enabled his $20 billion refinery

June 6, 2025

Business·Top Stories

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

Champion Breweries topped the list of gainers, and the Northern Nigeria Flour Mill (NNFM) led the losers’ table as the stock market capitalisation appreciated by 1.62 percent on Thursday, June 5. This represents a gain of N1.15 trillion, considering the stock market

June 5, 2025

Business

Nigeria Now Leading Cement Exporter In Africa – Dangote

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has revealed that Nigeria is now the largest exporter of cement in Africa. Nigeria’s emergence as Africa’s leading cement exporter has been attributed to the significant contributions of Dangote Cement, the

June 5, 2025

Business·Top Stories

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

Despite an impressive financial performance in the first quarter (Q1) of 2025, Seplat is struggling to attract stock market investors in the second quarter, according to Prime Business Africa’s analysis. In the last four weeks, the value of investments held by Seplat’s

June 5, 2025

BUA Foods Secures N470.21bn Revenue In Three Months

Business·Top Stories

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

In its unaudited financial statements for the first quarter (Q1) of 2025, BUA Foods reported that N442.06 billion in revenue was generated during the period, compared to the N356.92 billion turnover posted in the same period last year. The 23.85 per cent

June 5, 2025

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Business - Page 55

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th June 2025

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

Five Best-Performing Real Estate Stocks In Nigeria

Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th June 2025

Naira-for-crude Made Petrol Cheaper, Available In Nigeria – Dangote

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

Nigeria Now Leading Cement Exporter In Africa – Dangote

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

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Business - Page 55

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