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Business - Page 56

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, 5th 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 5th June 2025, is N1,600

June 5, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets

Naira Further Appreciates Across Official, Black Markets

Nigeria’s currency, the naira, maintained a positive outlook, strengthening further across official and black markets on Wednesday, 4 June. The Central Bank of Nigeria (CBN) data on exchange rate showed that the naira further appreciated to N1,565.46 against the dollar on Wednesday

June 4, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Oando Leads Stock Market Gainers’ List, Meyer Among Losers

The stock market capitalisation increased by N223.38 billion on Wednesday, June 4, after the all-share index (ASI) appreciated by 0.31 per cent. According to trading data released by the Nigerian Exchange Limited (NGX), the bourse’s capitalisation increased to N71.11 trillion from N70.89

June 4, 2025

Business·Technology

Telcos Threaten To Stop USSD Services Over ‘Misinformation’ On Billing By Banks

The Association of Licensed Telecom Operators of Nigeria (ALTON), has accused banks of misinforming the public about what was agreed on the Unstructured Supplementary Service Data (USSD) charge. ALTON, an umbrella body of telecom operators in Nigeria, including MTN, Airtel, Globacom, and

June 4, 2025

GTCO Shareholders Gain N93.87bn As Lender Reveals Plan To List On LSE

Business·Top Stories

GTCO’s Profit Dropped To N258bn In Q1 2025

Guaranty Trust Holding Company (GTCO) reported N397.38 billion interest income in the first quarter (Q1) of 2025, up 41.09 per cent from N281.65 billion recorded in Q1 last year. However, interest expense grew by 45.40 per cent year-on-year, according to the company’s

June 4, 2025

Business·FEATURES

Internet Data Consumption Drops After 50% Telco Tariff Hike

Internet data usage across Nigeria has dropped significantly following a recent 50 per cent tariff hike by telecommunications companies, which saw a sharp rise in the cost of telecommunications services. Latest telecoms industry statistics released by the Nigeria Communications Commission (NCC) revealed

June 4, 2025

Business·Top Stories

Legend Internet Struggling To Attract Investors After Poor Financial Performance

On April 25, Legend Internet successfully listed on the Nigerian Exchange Limited (NGX), however, a month later, the company has not successfully convinced the stock market investors that it is a profitable asset. Legend Internet listed 2,000,000,000 shares at N5.64 kobo, with

June 4, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th June 2025

June 4, 2025

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

As the Federal Ministry of Works and the House of Representatives push for the implementation and remittances of a five per cent road user charge to be factored into fuel and diesel prices, there are worries that the price of Premium Motor

June 4, 2025

Business

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Last-minute efforts by the Bureau De Change (BDC) operators to seek further extension of the deadline for recapitalisation appear to have failed as the Central Bank of Nigeria (CBN) insisted that June 3 remains sacrosanct. The Association of Bureau De Change Operators

June 3, 2025

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Business - Page 56

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th June 2025

Naira Further Appreciates Across Official, Black Markets

Oando Leads Stock Market Gainers’ List, Meyer Among Losers

Telcos Threaten To Stop USSD Services Over ‘Misinformation’ On Billing By Banks

GTCO’s Profit Dropped To N258bn In Q1 2025

Internet Data Consumption Drops After 50% Telco Tariff Hike

Legend Internet Struggling To Attract Investors After Poor Financial Performance

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th June 2025

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

CBN Insists On June 3 Recapitalisation Deadline For BDCs

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