Business Climate and Economy

Nigeria to gain $34 billion economic boost by 2030 if WHO malaria goals are met
June 6, 2024

Nigeria is poised to gain a $34 billion economic boost, amounting to nearly a quarter of...

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Nigeria’s Growth Rate To Increase To 4.4% In 2025 – AfDB
June 5, 2024

The growth rate of Nigeria and other West African countries is projected to rise from an...

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Africa needs $402.2 billion annually by 2030 for structural transformation – AfDB President
June 4, 2024

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that Africa needs...

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Business conditions show improvement in May as Nigeria’s PMI rises to 52.1- Report
June 4, 2024

Nigeria’s Stanbic Purchasing Managers’ Index (PMI) rose to 52.1 in May on the back of improvements...

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Iran-Africa trade hits $1.2 billion in two years, targeting Nigerian market
June 4, 2024

The Government of the Islamic Republic of Iran, says its trade deals with African countries hit...

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Visa's New Study Unveils Emerging SME Megatrends in Nigeria, Highlighting Significant Opportunities for Issuers
May 30, 2024

A new study from Visa, the SME Megatrends report, delves into the ever-evolving financial landscape for...

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Nigeria’s 2023 oil export to Indonesia hit $3.8bn
May 30, 2024

Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian...

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FG Nets N242bn From Marine Sector, Targets $7bn Oil & Gas Investment
May 30, 2024

The Minister of Marine and Blue Economy, Gboyega Oyetola, has said that his ministry recorded a...

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Five largest sectors in the Nigerian economy as of Q1 2024
May 30, 2024

The Nigerian Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter (Q1) of...

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GDP growth projected to reach 3.25%
May 29, 2024

Real gross domestic product (GDP) growth has been projected to hit 3.25 per cent this year....

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Top 10 fastest growing sub-sectors of Nigeria’s economy in Q1 2024
May 29, 2024

Nigeria’s gross domestic product (GDP) in the first quarter (q1) of 2024 grew by 2.98%, higher...

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FRSC produces 3.56 million number plates for vehicles, motorcycles in three years
May 29, 2024

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles...

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