Business Climate and Economy

FG: Nigeria Requires $100bn Investments For 2050 Economic Agenda
August 22, 2024

The Nigeria economic agenda 2050 will require $100 billion investment annually to achieve a GDP per...

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Remittances Hit All-time High In July At $553m – CBN
August 22, 2024

The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553...

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Nigerian Companies spend over N170 billion on Travel, Hotel expenses up 51%
August 21, 2024

Nigerian companies incurred over $108 million in travel and transport-related expenses in the financial year that...

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Over 30m Nigerians financially excluded – NESG
August 20, 2024

The Nigerian Economic Summit Group (NESG) has advocated a more effective approach in Nigeria’s financial inclusion...

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Report predicts changing global trade patterns
August 19, 2024

A new report by Duplo, a provider of payment, spend and vendor management solutions for African...

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Chinese firm to invest $50m in tin, others in Nasarawa
August 19, 2024

A Chinese firm, Nizhong Mining Company, has announced that it will invest $50 million in the...

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Credit to Private Sector Increased by 38% YoY in June
August 16, 2024

Despite economic challenges, credit to the private sector experienced a notable surge, increasing by 38 per...

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Japan to Boost Power Supply in Ogun, Lagos Axis with $500m Investment
August 16, 2024

The Japanese International Cooperation Agency (JICA) has invested $500 million to boost power supply in the...

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Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
August 16, 2024

Data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s overseas payments rose by...

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IOT: ‘Global Retail Market’ll Expand To $465bn By 2031’
August 14, 2024

According to the latest research by Insight – Ace Analytic, the Global Internet of Things (IoT)...

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Afreximbank To Double Intra-African Trade Financing To $40bn
August 13, 2024

African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from $20 billion in...

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Nigeria’s crude oil production rises to 1.3 million bpd in July- OPEC
August 13, 2024

Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude...

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