Business Climate and Economy

Only 25% Of Vehicles Have Insurance
February 10, 2025

As of 2023, only about 25% of vehicles on Nigerian roads were insured, which translates to...

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‘End To Farmer-Herder Crisis’ll Save Nigeria $2.3m Boost Food Security’
February 10, 2025

The Minister of Livestock Development, Dr. Idi Maiha, has disclosed that the farmers/herders clashes will soon...

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Study: AI Spending To Exceed $30bn By 2027
February 10, 2025

The recent IDC report, IDC FutureScape: Worldwide Chief Marketing Officer 2025 Predictions – APeJ Implications, predicts...

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African startups raise $289 million in January, marking a strong start for 2025
February 10, 2025

African startups kicked off 2025 with a remarkable fundraising performance, securing a total of $289 million...

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Nigeria needs $20 billion annual investment to bridge gap in gas infrastructure – NEITI CEO
February 10, 2025

The Executive Secretary and Chief Executive Officer of the Nigeria Extractive Industry Transparency Initiative (NEITI), Dr...

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Active Bank Accounts Rise By 49%
February 6, 2025

As of December 2024, the number of active bank accounts in Nigeria has reached 311.65 million,...

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Nigeria’s 5G connections hit 4 million in December 2024, as 4G expands
February 6, 2025

Data released by the Nigerian Communications Commission (NCC) has revealed that 5G connections in the country...

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Nigeria’s business confidence rises as PMI hits 52.0 in January 2025
February 6, 2025

Nigerian businesses are maintaining strong confidence in the economy, despite a slight moderation in growth, as...

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Cocoa, Fertiliser Lead, As Non-oil Exports Rise To $5.46bn
February 6, 2025

The Nigerian Export Promotion Council (NEPC) has announced an increase in the country’s non-oil export earnings...

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‘$4.928bn Funding Shows Nigeria’s Commitment To Climate Change’
February 2, 2025

Nigeria’s receipts of a total of $4.928 billion in funding for 828 climate-related projects over the...

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E-payment transactions in Nigeria hit all-time high of N1.07 quadrillion in 2024
February 2, 2025

Electronic payment transactions in Nigeria rose to $708.1 billion in 2024, reaching an all-time high and...

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50% tariff hike could unlock over $150 million in mobile network investments – GSMA
February 2, 2025

A 50% increase in mobile tariffs in Nigeria could unlock more than $150 million in additional...

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