CBN verifying $2.4bn FX claims, NERC public hearing... business stories to track this week

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Here are the seven top business stories you need to track this week — October 21 to October 25.

Busola AroThe World Bank says Nigeria is seeingAlex Sienaert, World Bank’s lead economist, spoke on Thursday at the launch of the Nigeria Development Update report in Abuja.Sienaert said Nigeria’s fiscal deficit has reduced from 6.2 percent in the first half of last year to 4.4 percent in the first half of 2024.

Adelabu also stressed the importance of increased investment in power infrastructure to prevent future collapses.The Central Bank of Nigeria says it is looking into the foreign exchange Advertisement According to an executive bill, titled ‘Nigeria Tax Bill 2024,’ the national assembly is seeking reintroduction of the excise duty.

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