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Business - Page 66

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

Headline Inflation Rate Drops To 23.71% In April

Nigeria’s annual inflation rate dropped to 23.71 per cent in April from 24.23 per cent in March. This reflected a decrease of 0.52 per cent compared to the March 2025 Headline inflation rate. This was revealed in the Consumer Price Index (CPI)

May 15, 2025

Business·Top Stories

Nestle Leads Gainers As Stock Market Cap Increases By N256.62bn

The market capitalisation of the Nigerian stock market rose by N256.62 billion on Thursday, May 15, to N68.80 trillion from N68.54 trillion on Wednesday, May 14. Also, the all-share index (ASI) increased by 408.31 basis points or 0.37 percent from 109,059.33 to

May 15, 2025

Business·Top Stories

Segun Agbaje Makes N482.88m From GTCO’s Bullish Run

Segun Agbaje, the group managing director (GMD) of Guaranty Trust Holding Company (GTCO), saw his investment in the lender appreciate by 20.35 per cent between January 2 and May 14. According to an analysis of his investment in GTCO, Prime Business Africa

May 15, 2025

Business·Markets

Naira Rises Further Against Dollar

On Wednesday, the Naira maintained its upward trajectory, closing at N1,596.70 to one US dollar at the official market. Data from the Central Bank of Nigeria (CBN) indicates that the naira appreciated by N3.33 against the US dollar when compared Tuesday’s NFEM

May 15, 2025

Business·Top Stories

AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

AXA Mansard’s revenue grew by 26.64 percent year-on-year to N40.33 billion in the first quarter (Q1) of 2025, from N31.84 billion in the corresponding period in 2024. In its consolidated and separate financial statement for the period ended March 31, 2025, AXA

May 15, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th 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 15th May 2025, is N1,630

May 15, 2025

Business·News·Power

$200bn To Fix Electricity System Is Outrageous, Nigerians Tackle Power Minister Adelabu

Nigeria’s Minister of Power, Adebayo Adelabu, has come under fire after his statement that the country requires $10 billion annually for the next 10 to 20 years to achieve a stable and reliable electricity supply. The minister, who made the declaration during

May 14, 2025

Business·Top Stories

Stock Market Cap Increases By N186bn As ASI Jumps 0.27%

The stock market continued its upward trend on Wednesday, May 14, as the equity capitalisation rose by N186.47 billion after the all-share index (ASI) appreciated by 0.27 percent. According to data obtained from the Nigerian Exchange Limited (NGX), the market capitalisation grew

May 14, 2025

Business·News

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has introduced the Non-Resident Bank Verification Number (NRBVN) as part of efforts to strengthen financial inclusion and enhance banking services for Nigerians in the diaspora. The initiative, which was launched in Abuja on Tuesday, aims to

May 14, 2025

Business·Top Stories

Interest On Deposits Cuts Into UBA’s Earnings

The interest income of the United Bank for Africa (UBA) grew to N599.83 billion in the first quarter (Q1) of 2025, up by 36.08 per cent from N440,76 billion in the corresponding period last year. However, the interest income on loans advanced

May 14, 2025

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Business - Page 66

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

Headline Inflation Rate Drops To 23.71% In April

Nestle Leads Gainers As Stock Market Cap Increases By N256.62bn

Segun Agbaje Makes N482.88m From GTCO’s Bullish Run

Naira Rises Further Against Dollar

AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th May 2025

$200bn To Fix Electricity System Is Outrageous, Nigerians Tackle Power Minister Adelabu

Stock Market Cap Increases By N186bn As ASI Jumps 0.27%

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

Interest On Deposits Cuts Into UBA’s Earnings

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