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Business - Page 69

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·Top Stories

Stanbic IBTC Posts N116.41bn Profit Before Tax

Stanbic IBTC Holdings saw a significant increase in its topline and bottom line for the first quarter (Q1) of 2025, while its customer deposits increased marginally. According to the company’s condensed consolidated interim financial statements for the period ended March 31, 2025,

May 9, 2025

Business·Top Stories

Best And Worst Performing Pharmaceutical Stocks In Nigeria

The pharmaceutical companies in the Nigerian stock market are struggling to attract investment amid a decline in investors’ confidence in the first quarter (Q1) of 2025. Out of the five pharmaceutical companies listed on the bourse, only two saw their shares soar

May 8, 2025

Business·Top Stories

Chellaram Leads Gainers’ List, As Stock Market Cap Increases By N240bn

The market capitalisation of the Nigerian bourse grew by N240.15 billion after the all-share index (ASI) appreciated by 0.35 percent on Thursday, May 8. This increased the equity capitalisation from N68.41 trillion on Wednesday, May 7, to N68.65 trillion. Also, the all-share

May 8, 2025

Business·Top Stories

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

Sterling Financial Holdings Company was fined N61 million in 2024, according to its condensed unaudited interim financial statements for the year ended December 31, 2024. The amount is higher than the N29 million that Sterling Financial paid as penalty in 2023. The

May 8, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th 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 8th May 2025, is N1,630

May 8, 2025

Business

Nigeria First Policy: We Need Robust Investment In Critical Infrastructure Pillars – Bongo Adi

Mixed reactions have trailed the decision of Nigerian government to implement “Nigeria First” Policy, aimed at encouraging patronage of made-in-Nigeria goods. While some hailed the policy, others said Nigeria is not yet ripe for implementing it. Prime Business Africa reports that the

May 7, 2025

Business·Top Stories

Nigeria’s Stock Market Extends Upward Trend With N307bn Gain

Trading ended with a 0.45 per cent or N307.16 billion increase in the Nigerian bourse’s capitalisation on Wednesday, May 7, after it rose from N68.10 trillion on Tuesday, May 6, to N68.41 trillion. Similarly, the all-share index (ASI) appreciated by 488.73 index

May 7, 2025

Business·Top Stories

With N406bn Gain, Palm Oil Companies Are Among Most Sought-After Stocks

Investors in the palm oil companies listed on the Nigerian Exchange Limited (NGX) were among the best earners in the stock market in the first quarter of 2025, as their stocks reached bull territory. Prime Business Africa’s analysis of Ellah Lakes Plc,

May 7, 2025

Business·Top Stories

Veritas Kapital Grows Gross Premium To N6.86bn – But Profit Falls By 71%

Veritas Kapital recorded N6.86 billion as gross premium written in the first quarter (Q1) of 2025, a marginal increase compared to the N6.44 billion reported in Q1 of 2024. The insurance company announced in its consolidated and separate unaudited financial statements for

May 7, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th May 2025

May 7, 2025

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Business - Page 69

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

Stanbic IBTC Posts N116.41bn Profit Before Tax

Best And Worst Performing Pharmaceutical Stocks In Nigeria

Chellaram Leads Gainers’ List, As Stock Market Cap Increases By N240bn

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th May 2025

Nigeria First Policy: We Need Robust Investment In Critical Infrastructure Pillars – Bongo Adi

Nigeria’s Stock Market Extends Upward Trend With N307bn Gain

With N406bn Gain, Palm Oil Companies Are Among Most Sought-After Stocks

Veritas Kapital Grows Gross Premium To N6.86bn – But Profit Falls By 71%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th May 2025

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