Nigeria’s 30 biggest firms have seen their salary bill rise to the highest in at least five years, as they scramble to retain employees amid soaring inflation, BusinessDay’s findings have revealed. According to the listed companies financial statements, their staff cost rose to N1.03 trillion in 2024, a 68.7 percent from N611 billion reported in 2023 “The increase in salaries shows companies’ investments for employees in light of some of the macroeconomic challenges. Inflation has gone up and companies, especially in the banking sector ha