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Business - Page 65

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·News

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Nigeria’s gross statutory revenue rose to N2.085 trillion in April 2025. This was N365.595 billion more than the total of N1.719 trillion received in March 2025, says the Federation Account Allocation Committee (FAAC). In a communiqué released after its May 2025 meeting

May 18, 2025

Business·Currency·Markets

Naira Falls Against Dollar At Black Market, Ends Week Negative

Nigeria’s currency, the naira, depreciated at the parallel market, also known as the black market, on Friday, ending the week on a negative note. The naira exchanged N1,635 against the dollar on Friday, 16 May, reflecting a N10 (0.62 per cent) depreciation

May 17, 2025

Business

Three States In Nigeria With Highest Food Prices

High food prices in Nigeria have become a major economic and social challenge, driven by a combination of factors including inflation, supply chain disruptions, currency depreciation, and structural issues in agriculture. The Consumer Price Index (CPI) released by the National Bureau of

May 17, 2025

Business·Currency·Markets

Black Market Dollar To Naira Exchange Rate Today, 17th 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 17th May 2025, is N1,635

May 17, 2025

Business·Top Stories

NNFM Tops Stock Market Gainers’ List, International Energy Insurance Leads Losers

On Friday, May 16, the stock market saw a 0.22 percent increase in its equity capitalisation, which closed at N68.95 trillion. This represents a N152,55 billion increase in the market capitalisation, as it rose from N68.80 trillion on Thursday, May 15. Similarly,

May 16, 2025

Business·Top Stories

Nneka Onyeali-Ikpe’s Net Worth In Fidelity Bank Now N1.98bn After Increasing Shares

Nneka Onyeali-Ikpe, the managing director and chief executive officer (CEO) of Fidelity Bank, now holds N1.98 billion net worth in the financial institution after raising her shares by 25 million in 2024. According to a financial statement released in March 2025, Fidelity

May 16, 2025

Business

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

As the Central Bank of Nigeria (CBN) plans to hold its 300th Monetary Policy Committee (MPC) meeting next week, lawmakers have warned against raising the benchmark interest rate beyond the current 27.5 per cent in a bid to bring down inflation. The

May 16, 2025

Business·Top Stories

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

Seplat generated N1.22 trillion revenue in the first quarter (Q1) of 2025, almost replicating the N1.65 trillion turnover recorded for the whole of last year. According to the company’s financial statements for the period ended March 31, 2025, Seplat’s revenue in Q1

May 16, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th May 2025

May 16, 2025

Business·News

Nestlé Professional Empowers 300 Youths In Lagos Under ‘My Own Business’ Programme

Nestlé Professional has trained over 300 operators and attendants through its My Own Business (MYOWBU) programme in Lagos as part of its commitment to fast-tracking youth entrepreneurship. Through the establishment of long-term street vending careers, MYOWBU aims to empower the youths in

May 16, 2025

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Business - Page 65

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

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Naira Falls Against Dollar At Black Market, Ends Week Negative

Three States In Nigeria With Highest Food Prices

Black Market Dollar To Naira Exchange Rate Today, 17th May 2025

NNFM Tops Stock Market Gainers’ List, International Energy Insurance Leads Losers

Nneka Onyeali-Ikpe’s Net Worth In Fidelity Bank Now N1.98bn After Increasing Shares

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th May 2025

Nestlé Professional Empowers 300 Youths In Lagos Under ‘My Own Business’ Programme

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