Here are the seven top business stories you need to track this week — March 3 to March 7. TINUBU SIGNS N54.9TRN 2025 BUDGET INTO LAW On February 28, President Bola Tinubu signed the N54.9 trillion 202...
This reflects a 93.27% year-over-year increase compared to the N78.7 billion reported in the prior year, amid a significant surge in revenue. The group recorded a revenue increase of 71.83%, rising fr...
The revenue was shared at the February 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. Bawa Mokwa, Director (Press and Public Relations) said in a statement that the N1.703 ...
The federal government is set to secure $2.2 billion in new loans from the World Bank in 2025, spread across six key projects. The lender plans to approve $500 million for the “Community Action for Re...
Sterling Bank has increased salaries for its 3,000+ employees, with entry-level staff now earning ₦528,000 net monthly, up from around ₦320,000. The review—over 35% across several roles—follows a...
The House of Representatives Committee on Finance have expressed concerns that only 9% of companies registered in Nigeria are captured in the tax net, while only about 35 million Nigerians pay tax, hi...
Poised to improve trade relations, showcase the latest technologies and innovation as well discover new markets, the Lagos Chamber of Commerce and Industry (LCCI) has partnered with the China For...
The net interest income of four mid-sized banks in Nigeria surged by 78 percent in 2024 compared to a year earlier, a situation driven by the aggressive rate hike by the Central Bank of Nigeria (CBN),...
A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion, a...
The decision, announced after the latest Monetary Policy Committee (MPC) meeting, has sparked concerns among business owners who rely on credit facilities to sustain operations. According to the MPC c...
