Business Climate and Economy

Q2’24: Telecom’s Contribution To Nigeria’s GDP Hits 16.26%
November 8, 2024

Despite the economic hardship being witnessed in the country, the contribution of the telecommunications sector to...

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52% of Nigerian adults have bank accounts in 2023 — CBN
November 8, 2024

The Central Bank of Nigeria (CBN) has disclosed that about 54 million Nigerian adults, representing 52...

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Cosmetics industry generates $1.4billion revenue annually – NICOS
November 2, 2024

From the Society of Cosmetic Scientists Nigeria (NICOS) came a revelation that the country's cosmetics industry...

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Sugar Production: Take Advantage of Africa’s $7bn Export Market, NSDC Admonishes Investors
November 2, 2024

This is the best time for any desirous investors, local and foreign, to stake investment in...

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Nigeria consumes 50 million litres of petrol daily — NMDPRA
November 2, 2024

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the country’s daily petrol...

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Group selects Nigeria for Japan-Africa trade
November 2, 2024

The African Diaspora Network Japan has referenced Nigeria as a prime location to bolster economic relations...

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Nigeria enrolls 2 million people in 9 months as health insurance coverage hits over 19 million
November 2, 2024

Nigeria has enrolled two million people in nine months of 2024, bringing the total number of...

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Nigeria’s electricity shortage causes $26 billion economic losses annually
October 29, 2024

Nigeria’s persistent power challenges are costing the economy an estimated $26 billion annually, according to the...

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Usage gap: 120 million Nigerians not connected to mobile internet – GSMA
October 29, 2024

GSMA, the global body of mobile network operators has said that about 120 million Nigerians had...

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Nigeria spends $1.5 billion annually on milk and dairy imports – Tinubu
October 26, 2024

President Bola Tinubu has revealed that Nigeria spends approximately $1.5 billion each year on importing milk...

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Nigeria’s textile and apparel sector accounts for just 0.01% of AGOA imports in 2023
October 25, 2024

Shaquana Teasley, Founder and CEO of Agate Solutions LLC, stated that Nigeria’s textile and apparel sector...

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Less than 20% of Nigerian households use cooking gas – NBS
October 25, 2024

The National Bureau of Statistics (NBS) has revealed that only 19.4% of households in Nigeria use...

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