Business Climate and Economy

Nigeria Can Grow Annual GDP By 12% – NIPPS DG
April 18, 2024

The Director General of the National Institute for Policy and Strategic Studies (NIPPS), Prof. Ayo Omotayo,...

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IMF Raises Nigeria’s 2024 Growth Forecast To 3.3%
April 18, 2024

The International Monetary Fund (IMF) on Tuesday raised its forecast for Nigeria’s economic growth in 2024...

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Nigeria Startup Act: NITDA says 12,948 startups now registered
April 17, 2024

The National Information Technology Development Agency (NITDA) says it has so far registered 12,948 Nigerian startups...

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Nigeria oil reserves rise to 37.50 billion barrels in January – NUPRC
April 17, 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday that the country’s oil and gas...

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Nigeria To Earn N650bn From Wood Export Ban
April 16, 2024

Six years after the ban on illegal timber export, Nigerian wood processing sector has picked up...

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FIRS Generates N12.3 Trn In 2023
April 16, 2024

The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said that the organisation witnessed...

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NIN-SIM Linkage: Active Sim Cards Rebound To 219.7m
April 12, 2024

Despite the economic hardship, the number of mobile subscriptions in Nigeria has rebounded after the initial...

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Revenue of Customs’ Airport Command rises 112% to N45.23 billion
April 12, 2024

The Murtala Muhammed Airport Command of the Nigeria Customs Service (NCS) generated $39.3 million in revenue...

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Africa’s exports to grow by 5.3% in 2024, fastest in the world- WTO
April 12, 2024

The World Trade Organisation (WTO) in its trade outlook for 2024 projected that exports from Africa...

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Nigeria’s Services Export Undertapped in $7.1tn Global Market, Expert Says
April 8, 2024

Current data by Statista has put Nigeria’s services export value at $4.41 billion out of $7.1...

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Forex Inflow Into NAFEM In March Hits $3.75bn
April 8, 2024

Foreign exchange inflow into the Nigeria Autonomous Foreign Exchange Market (NAFEM) was on the upswing last...

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PMI Report: Productivity Grew Slightly in March Despite Strong Inflationary Pressure
April 5, 2024

The rate of expansion in business activity quickened slightly in March but remained relatively modest as...

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