Business Climate and Economy

As Ajaokuta Steel Wastes, Nigeria’s Annual Import Hits $8bn
May 3, 2024

Nigeria spent $8 billion to import steel into the country annually, hence the urgent need to...

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Strengthening Naira Value Boosts Business Activity Index To 51.1
May 3, 2024

Business activity in Nigeria rose to the highest in three months in April 2024 as a...

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Nigeria, India to finalise local currency trade settlement system soon
May 3, 2024

Nigeria and India will soon finalise a system of settling international trade between both countries in...

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Active bank accounts in Nigeria hit 219.6 million in March 2024 – NIBSS
April 30, 2024

The number of active bank accounts in Nigeria jumped to 219.6 million in March 2024, marking...

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Revenue: IMF says SSA’s critical mineral reserves can increase region’s GDP by 12%
April 30, 2024

The International Monetary Fund (IMF) says the critical mineral deposits in sub-Saharan Africa (SSA) can boost...

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Clean energy jobs hit 35m in fossil fuel sector – Report
April 30, 2024

Clean energy jobs rose to 35 million in the fossil fuel sector, representing a growth of...

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Breaking: Netherlands to pump fresh $250 million into Nigeria
April 29, 2024

Prime Minister Mark Rutte has announced the activation of $250 million in fresh investments in Nigeria....

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Nigeria’s 5G subscriptions rise to 1.24% in March 2024—NCC
April 26, 2024

Subscriptions for 5G connectivity maintained a steady increase, reaching 1.24% of the country’s total connections as...

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Q1’24: Oil Producing States’ Earnings Hit N199.96bn
April 24, 2024

Amid huge infrastructure and socio-economic decay, Nigeria’s oil producing states got a total of $157.6 million...

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Power: ‘Nigeria Needs Structures For World Bank’s $35bn Facility’
April 24, 2024

Good structure will enable executors of the facility identify where there are customers that are ready...

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‘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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