Business Climate and Economy

Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
August 12, 2024

The Central Bank of Nigeria (CBN) has said that the results of its policy measures are...

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Kuwait, Spain, Portugal Await N413.96bn Gas From Nigeria
August 9, 2024

Ports in Portugal and other European countries and Asia are expecting 423,000 tonnes of liquefied natural...

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Report: M&A Transactions In Sub-Saharan Africa Hit $26.9bn In H1’24
August 9, 2024

The value of announced Mergers and Acquisitions (M&A) transactions with any sub-Saharan African involvement hit $26.9...

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$5bn African Energy Bank’ll Transform Energy Sector In Nigeria, Africa – SPE
August 9, 2024

The Chairman, Society of Petroleum Engineers (SPE), Engineer Salahudeen Tahir, has said the $5 billion African...

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African startups raise $420 million in July 2024, cross $1 billion year-to-date
August 8, 2024

Tech startups across Africa secured a total of $420 million in funding in July and that...

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Nigeria ranks 9th in African investment destinations- Report
August 8, 2024

The “Giant of Africa” Nigeria, ranked 9th among top African investment destinations, with Seychelles and Mauritius...

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Nigeria’s New Crude Grade Boosts Production Target
August 7, 2024

Nigeria has added a new crude grade known as Utapate, as Africa’s biggest oil producer strives...

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Bank Approves $500m To Boost Electricity Access In Nigeria
August 5, 2024

The Board of Directors of the African Development Bank Group has approved a loan of $500...

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Nollywood to overtake Hollywood captures 50% of Nigerian Box Office revenue in first half 2024
August 2, 2024

The Nollywood film industry is on track to surpass Hollywood in Nigerian box office revenue contribution,...

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African airlines record 16% passenger demand growth in June 2024
August 2, 2024

African airlines have emerged as a significant force in the global aviation sector, recording about 16%...

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Africa-Asia air cargo routes lead annual growth with 37.5% increase in June 2024
August 1, 2024

The Africa-Asia air cargo routes have emerged as the top performers in annual growth, recording an...

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Startups in Nigeria, South Africa, others raise $1 billion in seven months
July 31, 2024

From about $800 million in funding raised in the first half of 2024, startups funding hit...

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