Business Climate and Economy

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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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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