Business Climate and Economy

Cashew: Nigerian Exporters Target N4.08trn Earnings
November 14, 2024

Cashew exporters in Nigeria are projecting to produce two million metric tonnes for export. It was...

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One-third of Nigerians cannot access capital to grow businesses — CBN
November 14, 2024

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that nearly one-third...

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PMS: Motorists, Others To Spend N6.1trn On Fuel In 5 Months
November 14, 2024

As prices of Premium Motor Spirit (PMS) continue to rise, consumers will spend a minimum of...

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Value Of Vehicle Spare Parts Importation Hits N1.7trn
November 14, 2024

Despite the sharp drop in importation of used vehicles in the last one year, importers still...

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Nigeria’s FX reserves hit $40bn, highest in 33 months – Cardoso
November 8, 2024

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign...

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65.4m Nigerians Not Using Mobile Phones
November 8, 2024

Despite the development of the telecommunications sector, a 29.73 per cent mobile gap still exists in...

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Nigeria has secured over $1 billion investment oil and gas sector— Olu Verheijen
November 8, 2024

Olu Verheijen, the special adviser to President Bola Tinubu on energy, has announced that so far...

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‘Nigerians Consume N6trn Worth Of Food Monthly’
November 8, 2024

An investor in the manufacturing sector, Dr Benjamin Ubido, has said Nigerians consume about $3.58 billion...

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Food Security: More Pressure On Naira As Wheat Import Gulps $60.38m
November 8, 2024

About 241,543 tonnes of wheat valued at $60.38 million are expected at Calabar, Tincan Island and...

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African airlines achieve 13.9% capacity growth, 1.7% cargo demand increase in September 2024 – IATA
November 8, 2024

African airlines recorded the smallest growth in cargo demand across global regions in September 2024, with...

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African airlines report 11.9% passenger demand surge, 76% load factor in September 2024 – IATA
November 8, 2024

African airlines experienced an 11.9% increase in passenger demand in September 2024 compared to the previous...

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Nigerian Box office revenue to hit N50 billion in 4 years – CEAN President
November 8, 2024

Nigeria’s film industry, known as Nollywood, has emerged as a significant player on the global stage,...

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