Business Climate and Economy

‘Nigeria Can Generate $600m Annually From Cocoa Export’
March 3, 2025

Nigeria can generate up to $600 million annually from cocoa export once the Ikom Cocoa Processing...

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Nigeria’s Rig Count Rises By 400% To 40 – NUPRC
March 3, 2025

Nigeria’s oil industry rig count has increased by 400 per cent in the last four years,...

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Nigeria Secured 3 Of Africa’s 4 FIDs Worth Over $5.5bn In 2024 – Verheijen
March 3, 2025

Nigeria has made significant strides in attracting major investments in its oil and gas sector, securing...

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Nigeria Generates N12bn From Data Protection In 2024
March 3, 2025

Nigeria Data Protection Commission (NDPC) has said the federal government generated $8 million from promoting and...

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China, Nigeria Partner On $7.9bn Green Hydrogen Project
March 3, 2025

A key green hydrogen project with a development value of about $7.9 billion is being executed...

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UPDATED: Non-oil sector pushes GDP up by 3.84% in Q4 2024
March 3, 2025

The National Bureau of Statistics (NBS) has reported that Nigeria’s annual gross domestic product (GDP) grew...

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Key Additions To Rebased Consumer Price Index
February 25, 2025

Nigeria’s recent rebasing of the Consumer Price Index (CPI) introduced several new items and special indices...

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BII Boosts Nigeria’s Cocoa Investment With $40M
February 25, 2025

Nigeria’s efforts to reclaim its prime position in global cocoa production received a major boost on...

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Lack Of Infrastructure Hindering $820.8m 5G Network In Nigeria
February 25, 2025

Despite the $820.8 million spent to acquire the 5G spectrum by three telecoms operators in Nigeria,...

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Forex Inflow Rises By 245.9% In 1 Year
February 18, 2025

More foreign currency entered the economy in the past one year as the net foreign exchange...

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Nigeria’s economic activities expand for second consecutive month – CBN Report
February 18, 2025

A report from the Central Bank of Nigeria (CBN) has indicated that Nigeria’s economic activities expanded...

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Nigeria Receives Highest Afrexim Bank’s Disbursement Of $52bn
February 16, 2025

Nigeria is the largest beneficiary of the African Export-Import Bank ( Afrexim) facility disbursement with $52bn...

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