Business Climate and Economy

Nigeria’s capital importation rises by 210% to $3.37 billion in Q1, 2024
July 2, 2024

Nigeria’s total capital importation rose by 210.16% in the first quarter of 2024 from $1.08 billion...

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Nigeria’s external reserves surges to $34 billion, first time since March
June 28, 2024

Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level...

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Customs generates N115 billion from Lagos Free Trade Zone in six months
June 28, 2024

The Lagos Free Trade Zone of the Nigeria Customs Service has said it generated $74.7 million...

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NBS: 40.2m Households Engage In Agriculture In Nigeria
June 28, 2024

National Bureau of Statistics ( NBS) has said that about 40.2 million agricultural households in Nigeria...

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Nigeria requires N348tr to address infrastructure deficit, says ICRC DG
June 28, 2024

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Mr Michael Ohiani, has said that Nigeria...

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Spending On Wheat Imports Drops By 78% To N544bn
June 26, 2024

Weak consumer demand and high exchange rate of naira to dollar have pruned wheat imports by...

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AFCFTA To Stimulate Intra-African Trade By $35bn Annually
June 26, 2024

The African Continental Free Trade Area (AfCFTA) could stimulate trade within the region to the tune...

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Wakanow: Global Travel, Tourism Market To Hit $63bn
June 26, 2024

The Group Managing Director (GCEO) of Wakanow, Mr. Bayo Adedeji, has disclosed that spending in global...

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Micro transfers fuel N600tn e-payment boom
June 25, 2024

Micro transactions, defined as transfers below $6.5 are powering Nigeria’s electronic payment (e-payment) boom, highlighting the...

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Customs Records N4.49trn Revenue In 12 Months
June 21, 2024

The Nigeria Customs Service (NCS) has disclosed that it recorded 74 percent growth in revenue collection...

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Nigeria, nine others control 74% of Africa’s $1b domain name industry
June 20, 2024

The Internet Corporation for Assigned Names and Numbers (ICANN) said the yearly Domain Name System (DNS)...

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Climate firms get 45% of African funding, fintechs raise $158m
June 20, 2024

The gloomy global economy portends danger for startups, especially fintechs, according to ‘Africa: The Big Deal...

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