Business

All the recent business news in Nigeria, economy and industry updates.

Zenith Bank set to raise N290bn capital

Zenith Bank Plc has concluded plans to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised mi

Customs surpasses half year revenue target, rakes in N2.74trn

The Nigeria Customs Service (NCS) has said that it surpassed its revenue target for the first half of 2024, raking in a total revenue of N2.74 trillio

Why CBN wants to take over dormant account balances from banks

The management of the Central Bank of Nigeria (CBN), last week introduced another major policy, “Unclaimed Balances Trust Fund (UBTF) Pool Account,” w

NAMA suspends planned 800% hike in navigation charges for airlines

In response to the directive from the Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, the Nigerian Airspace Management Agency (NAM

Two years after, NIMASA, NRC fail to remit revenue to NSIB

The Nigerian Safety Investigation Bureau (NSIB) is facing a daunting challenge in the implementation of its new Act following the refusal of the Niger