Business Climate and Economy

Nigeria’s manufacturing output hits N33.43 trillion in H2 2024 amid soaring inflation – MAN
April 23, 2025

The Manufacturers Association of Nigeria (MAN) has revealed that Nigeria’s nominal manufacturing output surged by 34.9%...

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Nigeria needs 5,000 cold trucks, 100 cold rooms to curb N3.5 trillion post-harvest losses
April 23, 2025

Nigeria needs 5,000 cold trucks and 100 cold rooms, each with a capacity of 500 tonnes,...

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Nigeria’s Gas Reserves Rises To 210.5trn Cubic Feet, To Last 93 Years – NUPRC
April 23, 2025

Nigeria’s crude oil and gas reserves have hit a record high of 37.24 billion barrels and...

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Local Investors Lead As African Venture Capital Raises $3.6bn
April 23, 2025

African Venture Capital raised $3.6 billion in 2024 with local investors taking the lead for the...

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AfCFTA: Nigeria waives duties on 90% of goods traded in Africa
April 23, 2025

Reinforcing Nigeria’s commitment to regional trade expansion, President Bola Tinubu, yesterday, signed the Economic Community of...

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Sweden announces opening of largest innovation hub in Lagos
April 23, 2025

Sweden has announced the opening of its largest innovation hub in Africa, located in Lagos State....

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Nigeria’s Web3 Boom Captured in Hashed Emergent’s Landmark Report: 80+ Startups, $130M Raised, 3% of Global Web3 Developers
April 23, 2025

Hashed Emergent, the venture capital firm accelerating web3 adoption in Africa and other emerging markets, has...

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AKK 72 per cent completed, says NNPCL boss
April 11, 2025

The Nigerian National Petroleum Company Limited (NNPCL) yesterday said the implementation of the Ajaokuta Kaduna Kano...

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Cashew: Multiple Challenges Depriving Nigeria Of Benefits In $11bn Market
April 11, 2025

With cashew market projected to hit $11 billion globally this year, the National Cashew Association of...

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STEM education key to Nigeria’s $15 billion AI projection–Edtech founder
April 11, 2025

Founder of STEM-A-School and Product Hub Africa (PHA), Victoria Oladosu, has emphasized the urgent need for...

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Report: E-Payment Transactions Up 12.21% To 104.27trn
April 11, 2025

The value of transactions through electronic payment (e-payment) channels in the country fell by 12.21 per...

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AfCTA: Investment In LPG To Address Africa’s $15bn Infrastructure Gap
April 11, 2025

The African Energy Chamber (AEC) has called for greater utilisation of African financial solutions to address...

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