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Business - Page 63

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·Currency·Markets

Naira Continues Appreciation At Official Market

The Nigerian naira has continued to appreciate at the official market for the third day of the week. Data on the Nigeria Foreign Exchange Market (NFEM) rate, published by the Central Bank of Nigeria (CBN) show that the local currency exchanged N1,584.49

May 22, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd May 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 22nd May 2025, is N1,625

May 22, 2025

Business·Top Stories

Stock Market Cap Loses N69bn As Meyer, Linkage Assurance Shares Plummet

Trading closed on a negative note on Wednesday, May 21, after a 0.10 per cent decline in the all-share index (AS) wiped off N69.99 billion from the stock market capitalisation. Following the loss, the market capitalisation fell to N68.89 trillion from N68.96

May 21, 2025

Business·Top Stories

CAP’s Shrinking Bottom Line Hurts Shareholders

Chemical and Allied Products Plc (CAP) has been struggling to attract stock market investors in the second quarter (Q2) of 2025, compared to its industry rival, Berger Paints. According to Prime Business Africa’s analysis, CAP’s share price has declined by 14.89 percent

May 21, 2025

Business·Top Stories

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Dangote Cement curbed the impact of production cost on its revenue in the first quarter (Q1) of 2025, as the company generated N994.65 billion turnover, with cost of sales reaching N407.26 billion. This showed the company’s cost of production gulped 40.94 percent

May 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st May 2025

May 21, 2025

Business

Nigerian Breweries Gets New Sales Director

Nigerian Breweries Plc has appointed Emmanuel Oriakhi, a brand-building and marketing expert, as the company’s new sales director. The appointment took effect from 24 March 2025. This was made known in a statement released on Tuesday, signed by the Managing Director, Hans

May 21, 2025

Business·Finance & Economy

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has called on the fiscal authority to strengthen efforts towards enhancing foreign exchange earnings for the country, especially from oil and gas and non-oil exports. The committee made the call during the

May 21, 2025

Business

Savannah Energy Revenue Rises 19% To $73.3m In Q1

Savannah Energy has released its unaudited financial results for the first quarter (Q1) 2025. The results showed a strong financial performance, with the company’s total revenue rising by 19% to $73.3 million from $61.4 million in Q1 2024. A statement from the

May 20, 2025

Business·Top Stories

Nestle, Tantalizers, Others Add N20.5bn To Stock Market Cap

On Tuesday, May 20, the Nigerian stock market recovered from losses recorded on Monday, May 19, following gains in Nestle, Tantalizer, and others. The companies on the gainers’ list added N20.50 billion to the stock market capitalisation, which increased from N68.94 trillion

May 20, 2025

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Business - Page 63

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

Naira Continues Appreciation At Official Market

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd May 2025

Stock Market Cap Loses N69bn As Meyer, Linkage Assurance Shares Plummet

CAP’s Shrinking Bottom Line Hurts Shareholders

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st May 2025

Nigerian Breweries Gets New Sales Director

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

Savannah Energy Revenue Rises 19% To $73.3m In Q1

Nestle, Tantalizers, Others Add N20.5bn To Stock Market Cap

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