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Latest news on business in Nigeria

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

In a bid to stem its losses, Tantalizers, a quick service restaurant (QSR), has cut staff incentives and implemented cost-saving measures. The company reported a loss of over N260 million in 2024, despite a 9.99% increase in system revenue. To mitigate the

April 9, 2025

Business

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

The UAC of Nigeria recorded ₦17 billion profit after tax in 2024, reflecting a 90.4 per cent surge from 2023. This is as the operating profit doubled to ₦19 billion in 2024, compared to ₦9 billion in 2023. The company posted ₦25.5

March 31, 2025

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Top Stories

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

Economist and public affairs analyst, Mr Kelvin Emmanuel, has highlighted reasons the naira experienced stability in recent times and countered a claim that the Central Bank of Nigeria (CBN) spent about $8 billion to strengthen the local currency. Mr Emmanuel said there

February 25, 2025

Business·News

UBA Business Series: Experts Highlight Strategies For Building Successful Ventures

Financial experts, entrepreneurs and business leaders have highlighted critical strategies for building successful businesses. Speaking at the United Bank for Africa’s (UBA) Business Series, the last edition for this year, top industry leaders and entrepreneurs stressed that building a successful business requires

November 22, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Appreciates To N1631.21/$ At Official Market, Ends Week On Positive Note

The naira further appreciated at the official market on Friday to end the week on a positive note. The naira exchanged N1,631.21 against the dollar on Friday, 4th October, according to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the

October 5, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency

Naira Crashes Against Dollar As Official Exchange Rate Rises To N1,656

The naira on Tuesday, 17th September recorded a significant drop against the United States Dollar as exchange rate rose to N1,656.49 at the official foreign exchange market. This is according to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the

September 18, 2024

Business

First Bank, BOI Join AITE In Promoting Nigerian Non-oil Exports In USA

As the 2024 Africa International Investment Summit and Trade Exhibition (AITE) scheduled to hold this month in New York and Atlanta, Georgia, draws nearer, it has been confirmed that First Bank, Nigeria’s oldest bank, and the Bank of Industry (BOI) are participating

September 17, 2024

Business·FEATURES

10 Sectors With Highest VAT Contributions In Q2 2024

Value Added Tax (VAT) in Nigeria is a type of consumption tax imposed on the value added to goods and services at each stage of production and distribution. Introduced in 1993 to replace Sales Tax, VAT which is administered by the Federal

September 12, 2024

Business·Finance & Economy

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

The Nigerian Government has proposed a temporary zero-duty levy on selected food imports, as part of measures to reduce food prices and alleviate the burden of inflation on the citizens. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,

September 11, 2024

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Markets·News

Naira Loses ₦57.13 As Exchange Rate Rises To ₦1,637 Per Dollar At Official Market

The naira lost N57.13 as exchange rate rose to N1,637.59 per dollar at the official market on Tuesday, 10 September. This reflects 3.61 per cent loss in 24 hours when to compared to Monday, 9th September closing rate of N1,580.46, according to

September 11, 2024

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Latest news on business in Nigeria

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

UBA Business Series: Experts Highlight Strategies For Building Successful Ventures

Naira Appreciates To N1631.21/$ At Official Market, Ends Week On Positive Note

Naira Crashes Against Dollar As Official Exchange Rate Rises To N1,656

First Bank, BOI Join AITE In Promoting Nigerian Non-oil Exports In USA

10 Sectors With Highest VAT Contributions In Q2 2024

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

Naira Loses ₦57.13 As Exchange Rate Rises To ₦1,637 Per Dollar At Official Market

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