Business

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

Customs import duty rate falls to N1,238/$

The Central Bank of Nigeria has further adjusted the foreign exchange rate for Customs import duties downwards to N1,238/1$ on Wednesday The latest do

Wema records 196% profit before tax

Wema Bank has recorded a profit before tax growth of 196 per cent from N14.75bn to N43.59 billion in its full Year 2023 Audited financial statement. T

With 21.8m passengers, Lagos woos investors on waterways

The Lagos State government is currently wooing key investors into the vast untapped opportunities in the state water transportation sector. The move i

Low passengers’ turnout at airports despite 3-day Sallah holiday

Despite the long holiday declared for the Eid-el-Fitri celebration, airports across the country recorded low turnout of passengers, checks by Daily Tr

Coastal road project threatens N246bn Landmark Resort

The popular Landmark Beach and Resort in Oniru Victoria Island has been penciled down for demolition for the construction of the 700km Lagos coastal r