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Business - Page 57

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

UBA Hosts Business Series To Empower MSME’s On Wealth Management

Business·News

UBA Announces Changes To USSD Banking Charges

The United Bank for Africa (UBA) has announced changes to its USSD banking charges, effective June 3, 2025. In line with the Nigerian Communications Commission (NCC) directive, USSD banking charges will no longer be deducted from customers’ bank accounts. Instead, charges will

June 3, 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

Stock Market Cap Hits N70.89trn As SCOA, Honeywell Flour, Others Gain N259.48bn

At the end of trading on Tuesday, June 3, the valuation of the Nigerian stock market increased by N259.48 billion to N70.89 trillion, from N70.63 trillion on Monday, June 2. Likewise, the all-share index (ASI) gained 411.53 basis points to expand from

June 3, 2025

Zenith Bank Records 117% Gross Earnings Growth In H1 2024

Business·Top Stories

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Zenith Bank’s revenue for the first quarter (Q1) of 2025 increased by 21.68 percent to N949.85 billion, up from N780.61 billion generated in the same quarter in 2024. The lender, in its consolidated and separate unaudited financial statements for the period ended

June 3, 2025

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by insider’ document released by UBA on Monday, June 2, the

June 3, 2025

Business

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

The Debt Management Office (DMO) has begun another round of subscription for the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates to retail investors for the month of June. A new round of subscriptions for Federal Government of Nigeria

June 3, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets

Naira Appreciates Against Dollar Across FX Markets

The Nigerian naira began the new week of the new month of June on a positive note, recording significant appreciation across foreign exchange market windows. At the official market, the Central Bank of Nigeria (CBN) data show that the naira exchanged N1,581.58

June 3, 2025

Business

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, has said the Non-Resident Bank Verification Number (NRBVN) platform launched recently is a game-changer in facilitating the inclusion of Nigerians abroad into the country’s financial system and boosting diaspora remittances. In a statement

June 3, 2025

Business·Finance & Economy

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Currency in circulation (CIC) in Nigeria rose marginally by 0.24 per cent from N5.003 trillion in March to N5.015 trillion in April 2025. The increase reflects a continued build-up of liquidity in the economy despite monetary tightening efforts by the Central Bank

June 2, 2025

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

Business·Top Stories

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

An improvement in the share value of Multiverse, Neimeth, amongst others led to the stock market capitalisation increasing from N70.46 trillion reported on Friday, May 30, to N70.63 trillion on Monday, June 2. The bourse’s valuation grew by N172.74 billion after the

June 2, 2025

Business·Finance & Economy

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

As President Bola Tinubu’s administration marks its second anniversary, the Lagos Chamber of Commerce and Industry (LCCI) has recommended eight things the Federal Government must do to create a better business environment and further strengthen Nigeria’s economy. The chamber stated that while

June 2, 2025

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Business - Page 57

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

UBA Announces Changes To USSD Banking Charges

Stock Market Cap Hits N70.89trn As SCOA, Honeywell Flour, Others Gain N259.48bn

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

Naira Appreciates Against Dollar Across FX Markets

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

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