Business Climate and Economy

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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Africa’s 2023 real estate investment only 0.15% of global $684 billion market – Report
July 4, 2024

In 2023, Africa’s real estate investment volume reached $1 billion, representing a mere 0.15% of the...

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Lagos, Ogun, Kano account for 23% of Nigeria’s mobile subscriptions in Q1 2024 – NBS
July 4, 2024

The latest telecommunications data released by the National Bureau of Statistics (NBS) has revealed that three...

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Nigeria tops list as African Nations secure $4.08 billion Global Fund for healthcare in H1 2024
July 2, 2024

Several African nations have received a cumulative total of $4.08 billion from The Global Fund in...

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NRC generates N1.42 billion moving 675,293 passengers in Q1 2024
July 2, 2024

The Nigerian Railway Corporation (NRC) generated $907k in revenue by transporting 675,293 passengers on federal rail...

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Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
July 2, 2024

Nigeria’s telecommunications sector attracted a total of $191.5 million in Foreign Direct Investments (FDIs) in the...

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