Business Climate and Economy

Afreximbank offers $200 million to support Nigeria’s creative industry
October 6, 2024

The Federal Government of Nigeria has secured $200 million investment from the African Export–Import Bank (Afreximbank)...

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Google services boost Nigeria’s economy by $1.8 billion in 2023—Report
October 6, 2024

A new report by Public First focusing on the impact of digital technologies in Nigeria has...

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EV: ‘Nigeria Has Less Than 1% Of Global Market Share’
October 6, 2024

Nigeria has less than one per cent of the global market share of electric vehicles (EVs),...

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Sugar Import Bills Rise To N1.4trn Over Weak Local Capacity
October 6, 2024

Inefficient crushing capacity has foiled government’s plans to reduce $874 million import bill on 1.7 million...

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BVN enrollments reach 63.4 million in September 2024—NIBSS
October 1, 2024

Enrollments for the Bank Verification Number (BVN) by bank account owners in the country has increased...

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Soya Beans: Massive Export Stirs 22% Price Increase
October 1, 2024

Despite complaints by local millers, a total of 1.25 million tonnes of soya beans valued at...

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‘Nigeria Can Earn $1bn Annually From Carbon Finance’
October 1, 2024

For a nation too long distracted by crude oil earnings, $1 billion earning possibilities exist for...

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Tinubu: Nigeria’s Petrol Consumption Now 30m Litres Daily
October 1, 2024

President Bola Tinubu said the current daily petrol consumption of Nigeria is about 30 million litres....

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Nigeria Earned $38.907bn As Oil Revenue In Two Years – NEITI
October 1, 2024

Nigeria earned a total of $38.9 billion as oil revenue in 2022 and 2023. While it...

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Active bank accounts in Nigeria rise to 231.1 million in July 2024—NIBSS
October 1, 2024

The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in...

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CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
October 1, 2024

The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International...

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Nigeria records 1.2 million international visitors, 20% rise in domestic trips in 2023
October 1, 2024

Nigeria’s Minister of Tourism, Lola Ade-John, announced that the country welcomed over 1.2 million international visitors...

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