Business Climate and Economy

‘24m Family Businesses Contribute $200bn To National Economy’
April 22, 2024

Only 30 per cent of family businesses survive beyond their first generation, the Dean of the...

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Paper industry contribution to economy rises to N398bn – Report
April 22, 2024

The contribution of the paper industry rose to $322.7 million in 2023, up from $288 million...

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90% of Nigeria’s tax revenue comes from only nine taxes – Wale Edun
April 22, 2024

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that approximately...

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Customs’ revenue at Tincan Port increases by 139% in Q1
April 22, 2024

Comptroller of Customs Area Commander at Tincan Island Ports (TCIP), Dera Nnadi, has reported that the...

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Only 6% Of Nigerians Own Vehicles — NADDC
April 22, 2024

The Director General of the National Automotive Design and Development Council (NADDC) Joseph Osanipin has revealed...

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NSIA invests $500 million in domestic infrastructure projects in Nigeria
April 22, 2024

The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Aminu Umar Sadiq, has announced an...

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Nigeria to earn $3 billion from cocoa as prices stay higher than $10,100 per ton
April 18, 2024

Cocoa futures recovered above the $10,150 mark on the Intercontinental Exchange (ICE) in New York as...

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Mobile money transactions in Nigeria jump to N17 trillion in Q1 2024 – NIBSS
April 18, 2024

Mobile money operators (MMOs) in Nigeria, comprising the likes of OPay, Palmpay, and others, witnessed a...

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Nigeria Can Grow Annual GDP By 12% – NIPPS DG
April 18, 2024

The Director General of the National Institute for Policy and Strategic Studies (NIPPS), Prof. Ayo Omotayo,...

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IMF Raises Nigeria’s 2024 Growth Forecast To 3.3%
April 18, 2024

The International Monetary Fund (IMF) on Tuesday raised its forecast for Nigeria’s economic growth in 2024...

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Nigeria Startup Act: NITDA says 12,948 startups now registered
April 17, 2024

The National Information Technology Development Agency (NITDA) says it has so far registered 12,948 Nigerian startups...

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Nigeria oil reserves rise to 37.50 billion barrels in January – NUPRC
April 17, 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday that the country’s oil and gas...

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