Business Climate and Economy

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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Nigeria’s crude oil production in June rises to 1.27 million barrels daily- OPEC
July 12, 2024

Nigeria’s average daily crude oil production in the month of June rose marginally to 1.276 million...

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Broadband Mapping: Nigeria To Benefit From Initial £15m Budget
July 11, 2024

Nigeria and 10 other countries have been listed to benefit from an initial $16.2 million budget...

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Cashew: Poor Pricing Pegs Nigeria’s Export Value At N281bn
July 9, 2024

Despite its premium quality nuts, poor pricing has limited the value of Nigerian cashew exports to...

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Value Of Data Center Market To Grow By 30% To $430bn
July 9, 2024

Over the past decade, the once-niche piece of IT infrastructure — data centers — has become...

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Local rice production can only meet 57% of demand in Nigeria – AFAN official
July 9, 2024

The Deputy Chairman of the All-Farmers Association of Nigeria (AFAN), Lagos chapter, Mr. Shakin Agbayewa has...

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Nigeria beats peers, emerges Africa’s largest private equity destination
July 9, 2024

Nigeria has recorded the highest private equity deals in Africa in the first quarter of 2024,...

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Informal sector contributed over half of Nigeria’s GDP -Report
July 9, 2024

The Informal Economy Report 2024 has stated that businesses in the informal market contributed over half...

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African airlines record 18.2% annual international cargo growth in May 2024, highest globally
July 8, 2024

African airlines achieved the highest annual growth rate in international cargo tonne-kilometres (CTKs) among all global...

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Global FDI decrease to $1.3 trillion in 2023, Africa’s share just $53 billion
July 8, 2024

Africa and Nigeria saw mixed outcomes in 2023 amid a slight global decline in foreign direct...

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Food Processing Firms Spend N865bn On Importation In 3 Months
July 5, 2024

Despite 21.07 per cent contribution of the agricultural sector to the overall Gross Domestic Product (GDP)...

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July 5, 2024

Nigerians spent $10.8 billion on self-generated electricity, particularly fuelling and servicing of generators, Minister of Power,...

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