Business Climate and Economy

Malaysia Exports N225bn Worth Of Palm Oil To Nigeria
November 19, 2024

In the last nine months, Malaysia has exported 124, 663 tonnes of crude palm oil valued...

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EPZs Attract $300bn Investments, Pay N650bn To FG
November 19, 2024

Over $300 billion worth of investments have been facilitated into the country via various export processing...

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Nigeria’s Imports Rise By 81% In Six Years – WTO
November 14, 2024

In recent times, Nigeria’s import levels has drastically increased to 80.65 per cent in six years,...

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Nigeria’s crude oil production rises to 1.43 million bpd in October 2024 — OPEC
November 14, 2024

Nigeria’s daily crude oil production increased from 1.39 million barrels per day (bpd) to 1.43 million...

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Cashew: Nigerian Exporters Target N4.08trn Earnings
November 14, 2024

Cashew exporters in Nigeria are projecting to produce two million metric tonnes for export. It was...

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One-third of Nigerians cannot access capital to grow businesses — CBN
November 14, 2024

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that nearly one-third...

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PMS: Motorists, Others To Spend N6.1trn On Fuel In 5 Months
November 14, 2024

As prices of Premium Motor Spirit (PMS) continue to rise, consumers will spend a minimum of...

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Value Of Vehicle Spare Parts Importation Hits N1.7trn
November 14, 2024

Despite the sharp drop in importation of used vehicles in the last one year, importers still...

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Nigeria’s FX reserves hit $40bn, highest in 33 months – Cardoso
November 8, 2024

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign...

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65.4m Nigerians Not Using Mobile Phones
November 8, 2024

Despite the development of the telecommunications sector, a 29.73 per cent mobile gap still exists in...

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Nigeria has secured over $1 billion investment oil and gas sector— Olu Verheijen
November 8, 2024

Olu Verheijen, the special adviser to President Bola Tinubu on energy, has announced that so far...

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‘Nigerians Consume N6trn Worth Of Food Monthly’
November 8, 2024

An investor in the manufacturing sector, Dr Benjamin Ubido, has said Nigerians consume about $3.58 billion...

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