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Business - Page 703

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Nigeria has rolled out a unified Tax Identification framework that links tax records directly to existing national identity systems, with the National Identification Number (NIN) now serving as the Tax ID for individuals and Corporate Affairs Commission (CAC) registration numbers forming the

December 23, 2025

Business·News·Top Stories

Lagos Unveils New Resident Card For Payment Services, Loan Applications, Others

The Lagos State Government has introduced the introduction of a new resident card with multipurpose functions for residents. Prime Business Africa observed that the new card which is replacing the old identity card, has more embedded features and functions that will enable

February 15, 2022

Business

FG Gross Debt To Grow By 92%, Hits N136tn In 2026 – IMF

The federal government’s gross debt profile, according to the International Monetary Fund, is projected to grow by 92.11 per cent from N70.85tn in 2022 to N136.11tn in 2026. The Washington based lender made this projection in a report titled ‘Nigeria Staff Report

February 15, 2022

Nigeria’s Inflation Rate Further Drops To 32.15% In August

Business

Nigeria’s Inflation Rate Falls To 15.60% In January

Prime Business Africa gathered that the consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022. This Newspaper observed that this is 0.87 percent points lower than the rate recorded in January 2021 (16.47) percent. The figure shows

February 15, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank Economist Warns Countries Against Excessive Borrowing

A top World Bank official has warned that the delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20. The World Bank chief economist, Carmen Reinhart, noted that there will be a resolution

February 15, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

CBN’s RT200 FX Scheme Needs Right Mechanisms To Thrive – LCCI

Lagos Chamber of Commerce and Industry (LCCI) has disclosed that the newly introduced forex repatriation scheme needs adequate mechanisms to achieve desired results. Recall, the Central Bank of Nigeria(CBN) introduced RT200 FX programme, an initiative to generate $200 billion from non-oil exports and

February 14, 2022

Business

Telcos Lost 12.3m Internet Subscribers In 2021 – NBS

Prime Business Africa has gathered that Nigeria’s internet users dipped by 7.99 percent to 141.9 million — as telecoms operators lost 12.3 million data subscribers in 2021. The National Bureau of Statistics (NBS) made this known in its telecoms data released on

February 14, 2022

WAEC Honours Outstanding Ghanaian, Nigerian Candidates

Business

WAEC Releases 2021 WASSCE Results For Private Candidates

The West African Examination Council (WAEC) has announced the release of the results of the 2021 second series edition of the West African Senior School Certificate Examination (WASSCE) for private candidates, also known as General Certificate Examination (GCE). WAEC said that a

February 14, 2022

AMA News·Business

Bybit Pledges Arboreal Support for Sustainability and Gender Equality in India

Bybit has pledged to plant and nurture 100,000 fruit trees in India through its partnership with One Tree Planted Bybit recognizes the importance of giving back and responsibility towards the future generations in building a sustainable future This initiative supports marginalized communities

February 14, 2022

Business·News·Opinion

What You Need To Know About Stock Market System

Many people have a fearful and strange view of the stock market, regarding it as a market more complex than the food markets and shopping malls they shop at every month.

February 13, 2022

Business·News

Haskè Ventures Invests $150,000 In Digital Start-up, Proxalys

Haskè Ventures, the venture builder for Francophone Africa, has boosted the growth of Senegalese distribution chain innovator, ProXalys by investing $150 000 in pre-seed funding in December 2021.

February 12, 2022

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 703

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Lagos Unveils New Resident Card For Payment Services, Loan Applications, Others

FG Gross Debt To Grow By 92%, Hits N136tn In 2026 – IMF

Nigeria’s Inflation Rate Falls To 15.60% In January

World Bank Economist Warns Countries Against Excessive Borrowing

CBN’s RT200 FX Scheme Needs Right Mechanisms To Thrive – LCCI

Telcos Lost 12.3m Internet Subscribers In 2021 – NBS

WAEC Releases 2021 WASSCE Results For Private Candidates

Bybit Pledges Arboreal Support for Sustainability and Gender Equality in India

What You Need To Know About Stock Market System

Haskè Ventures Invests $150,000 In Digital Start-up, Proxalys

Featured Stories

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Sanwo-Olu Expresses Excitement as Lagos Prepares for Eyo Festival Honouring Four Eminent Nigerians

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Dollar Rate Drops In Black Market, Stable In Official Window

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

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