Business Climate and Economy

Digital Economy Contributes $30bn Annually To West African GDP — WATRA
July 25, 2024

The West Africa Telecommunications Regulators Assembly (WATRA) has the digital economy currently contributes around $30 billion...

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NPA Generates N541bn Revenue, Remits N255bn In H1–Bello-Koko
July 25, 2024

The immediate past managing director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko yesterday said the...

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Nigerian Petroleum Products’ Market Worth N1.5trn Monthly –Ex-NNPC Chief
July 23, 2024

A former Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation, Mr. Bello Rabiu, has said that...

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Nigerian box office crosses N5 billion in revenue so far in 2024
July 23, 2024

The Nigerian box office has grossed over $3 million within the first seven months of 2024,...

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Inflows through IMTOs surge by 39% in Q1 2024 on CBN reforms
July 23, 2024

The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money...

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Renewable Energy: Nigerian, Other Markets Pose $193bn Opportunity
July 19, 2024

The size of Africa’s investment opportunity in renewable energy represents a potential $193 billion by 2031....

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Report: Nigeria Growing Fast In $1trn Advertising Revenue Projection
July 19, 2024

Despite economic headwinds, technological disruption and increased geographic and industry competition, the global advertising revenue is...

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IMF Reduces Nigeria’s Growth Forecast To 3.1%
July 18, 2024

The International Monetary Fund (IMF) reviewed downwards its forecast for Nigeria’s economic growth in 2024 from...

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Expert forecasts $288.8m growth in Nigeria’s data centre market
July 17, 2024

The Nigerian data centre market is projected to grow from its current $131.6 million to $288.8...

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Banks’ credits to private sector rises by 66% to N74.31 trillion
July 16, 2024

Nigerian banks have generated approximately $19 billion in new loans and support for the private sector...

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FIRS records 170,000 new taxpayers, 20% increase in compliance
July 15, 2024

The Federal Inland Revenue Service (FIRS) says the number of new taxpayers in Nigeria has increased...

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Nigeria’s digital economy to generate $18.3 billion by 2026 – Bosun Tijani
July 12, 2024

The Minister of Communications and Digital Economy Dr Bosun Tijani, has said the country’s digital economy...

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