Business

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

Veritas Kapital Assurance pays N1.3bn claims in H1 2024

Veritas Kapital Assurance Plc, one of the leading insurance companies in Nigeria, has said it has paid N1.3 billion in claims for the period ended Jun

Without reforms, mining sector will continue bleeding — Experts

Experts have called for an urgent comprehensive reform in the mining sector, as the sector’s contribution to Nigeria’s Gross Domestic Product (GDP) re

Chinese firm to invest $50m in tin, others in Nasarawa

 A Chinese firm, Nizhong Mining Company, has announced that it will invest $50 million in the exploration of tin, lithium and other minerals in Nasara

Senate to get bill for CBN’s N30trn Ways & Means liquidation

A bill to liquidate the outstanding Central Bank of Nigeria (CBN’s) Ways and Means of N30 trillion to “minimise inflationary pressure” in the country

70% windfall tax burdensome, ill-timed – Bank directors

The Bank Directors Association of Nigeria has said while the imposition of this windfall tax appears to be a response to the current economic climate,