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Finance & Economy - Page 3

Nigerian Govt Publishes New Tax Laws In Gazette

Business·Finance & Economy·News·Top Stories

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Kelvin Oye, has warned that limitations in the Nigeria Tax Act 2025 could hinder its successful implementation. Speaking at a presentation, Oye highlighted issues like the cap on rent relief

January 12, 2026

Labour·News

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

President Tinubu on Tuesday night held a closed-door meeting with the leadership of the Nigeria Labour Congress (NLC) at the State House, Abuja, as efforts intensified to avert a proposed nationwide protest by organised labour over Nigeria’s worsening insecurity. Prime Business Africa

December 17, 2025

Labour·News·Technology·Top Stories·World News

Musk Predicts AI Future Where Salaries, Money Lose Relevance

Elon Musk has warned that money and salaries could become irrelevant in the future as artificial intelligence and robotics advance to the point where human labour is no longer necessary. The world’s richest man said a future dominated by AI could eliminate

December 17, 2025

Africa·Finance & Economy·News·Top Stories

Mali, Burkina Faso, Niger Launch $895m Regional Investment Bank to Drive Sahel Development

The military-led governments of Mali, Burkina Faso and Niger have launched a regional investment bank capitalised at 500 billion CFA francs (about $895 million) to finance priority projects in infrastructure, energy and agriculture, as the three Sahel nations push to strengthen economic

December 15, 2025

Data & Infographics·News·Top Stories

Nigeria’s Inflation Moderates for Eighth Month, Hits 14.45% in November

Nigeria’s headline inflation rate eased further to 14.45 per cent in November 2025, marking the eighth consecutive month of moderation, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday, Prime Business Africa

December 15, 2025

News·Oil & Gas·Top Stories·World News

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Africa·Events & Opportunities·Finance & Economy·News

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Former Deputy Governor of the Central Bank of Nigeria and President of the IGET Academy, Professor Kingsley Moghalu, is set to deliver the keynote address at the 3rd General Assembly of the Conference of Speakers and Presidents of African Legislatures (CoSPAL), scheduled

December 11, 2025

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

December 10, 2025

Finance & Economy·News·Politics

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

Enugu State Governor Peter Mbah has presented a record ₦1.617 trillion budget for the 2026 fiscal year, describing it as a blueprint for “full-scale impact” across critical sectors after two years of foundation-building reforms. Tagged the Budget of Renewed Momentum, the proposal

December 9, 2025

Business·Finance & Economy·News·Top Stories

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

Nigeria’s new tax framework, set to take effect in January 2026, is designed to modernize the country’s fiscal system, simplify compliance, and enhance economic competitiveness, the Special Adviser to President Tinubu on Economic Affairs, Dr. Tope Fasua, has said. Addressing growing public

December 9, 2025

Business·Finance & Economy·News·Top Stories

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, marking one of the most significant clean-ups of the retail foreign exchange market in recent years.

December 9, 2025

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Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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

The Federal Government of Nigeria has issued its debut bond

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Finance & Economy - Page 3

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

Musk Predicts AI Future Where Salaries, Money Lose Relevance

Mali, Burkina Faso, Niger Launch $895m Regional Investment Bank to Drive Sahel Development

Nigeria’s Inflation Moderates for Eighth Month, Hits 14.45% in November

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

Featured Stories

Impeachment Storm: NSA Ribadu, Umahi, APC Leaders Hit Rivers For Gov. Fubara

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

Abandoned Abroad: Tinubu Govt Accused of Sacrificing Nigerian Students’ Dreams

Unity, Credible Leadership Take Centre Stage as Obi, Obasanjo, Atiku Speak at Abuja Symposium

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Rivers Minority Leader, Another Lawmaker Back Out of Fubara Impeachment

Dollar Rate Increases In Black Market

Odinkalu Warns of Retaliation Over Edo Residency Permit Proposal

Badagry Monarch, Oba De Wheno Aholu Menu-Toyi I, Passes On at 89

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

GivTrade Secures UAE SCA Category 5 Licence

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

Rivers Minority Leader, Another Lawmaker Back Out of Fubara Impeachment

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Finance & Economy - Page 3

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