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Business - Page 606

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Nigeria’s decision to sign a new tax-administration cooperation agreement with France has ignited wide public debate, with questions emerging about the possible exposure of sensitive national economic information. The Federal Inland Revenue Service (FIRS), however, maintains that the partnership poses no risk

December 12, 2025

Business

Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook

Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s (‘the Issuer or ‘the SVP) Series II Bond (the Issue or the Bond) to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. The Issuer is a Special Purpose

October 27, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

October 27 Dollar Exchange Rate: On Thursday, buyers of dollars in the black market paid about N765/$1 to Bureau De Change operators, as the BDC centers increased their asking price by 0.6 per cent. Prime Business Africa learnt that the value of

October 27, 2022

Business·Currency

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

Bureau De Change operators and commercial banks have been warned by Economic and Financial Crimes Commission (EFCC) ahead of the release of the redesigned naira notes in December. The Executive Chairman of EFCC, Abdulrasheed Bawa, said financial institutions should be careful at this period,

October 27, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Insights

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

The Central Bank of Nigeria (CBN) has suspended deposit fee or bank charge, and this will serve a huge blow on the revenue of over 10 commercial banks operating in the country. CBN Governor, Godwin Emefiele, had disclosed the suspension during a

October 27, 2022

Business

Soludo Vows To Clamp Down On Market Unions Taxing Hawkers, Wheelbarrow Pushers

The Governor of Anambra State, Charles Soludo, has cautioned market unions against demanding taxes from hawkers, vulcanizers, wheelbarrow pushers, and other blue-collar job holders. Soludo said the informal business operators should be left out of the tax bracket, and threatened to dissolve

October 27, 2022

Business·Insights

Elon Musk Makes N1.14 trillion Two Days To Acquisition Of Twitter

The wealth of Tesla majority shareholder and Chief Executive Officer, Elon Musk, rose by 1.18 per cent on Wednesday, two days to the deadline issued to him to buy Twitter. Musk has until October 28, 2022, to acquire Twitter or face trial

October 26, 2022

Business

Petrol Scarcity Hits Harder As Filing Stations Run Out Of Stock In Lagos

Fuel scarcity which started on Monday morning with long queues at filling stations in different parts of Lagos seems to be worsening as many outlets have run out of stock

October 26, 2022

Business

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that new naira notes – N200, N500, and N1,000 – will be released on December 15, 2022. Emefiele said the new design will curb ramson payment to terrorists and

October 26, 2022

Business

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

Nigeria’s debt crisis will continue if the country’s revenue generation fails to improve, the partner and head of tax, regulatory and people services at KPMG Nigeria, Adewale Ajayi, has revealed. During their October 2022 episode of the KPMG Social Media Tax Chat,

October 26, 2022

Business·News

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

The representative of International Air Transportation Association (IATA) in Nigeria, Samson Fatokun, says foreign airlines’ trapped funds in the African country is now $700 million. In August, the International Air Transportation Association had disclosed that the trapped funds was $464 million as

October 26, 2022

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business - Page 606

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

Soludo Vows To Clamp Down On Market Unions Taxing Hawkers, Wheelbarrow Pushers

Elon Musk Makes N1.14 trillion Two Days To Acquisition Of Twitter

Petrol Scarcity Hits Harder As Filing Stations Run Out Of Stock In Lagos

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

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CBN Holds Interest Rate At 27% — Fourth Time In 2025

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