Business

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

Dollar surpasses N1600 at official market

The depreciation of the naira has continued as the local currency surpassed N1,600 at the official rate, Daily Trust can report. The US Dollar closed

N/Assembly raises ways and means advance to 10%

Re-enacts 2024 appropriation act of N35trn The two chambers of the National Assembly yesterday passed a bill to raise ways and means advances to 10 pe

Bankers’ rep meet Tinubu for clarifications on Windfall Levy

The Representatives of leaders of Nigeria’s banking system on Monday met with President Bola Tinubu at the State House, Abuja, to seek more clarificat

Nestle Nigeria invests N6b to bridge technical skill gap

The Managing Director, Nestlé Nigeria, Mr. Wassim Elhusseini has disclosed that the firm has invested over N6 billion in 13-year to bridge technical s

Banking sector capital raise exposes new challenges – Afrinvest

The Chief Executive of Afrinvest, Ike Chioke, has said the ongoing banking capital raise exposes new challenges as it is not just the banks that will