Business Climate and Economy

Credit to Private Sector Hits Record High of N80tn, 94% YoY Growth
April 4, 2024

The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the private sector rose...

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Singapore, China Flood Nigerian Ports With N13.6trn Used Vehicles
April 4, 2024

Singapore, China and the United States are among the 10 top countries that flooded Nigerian ports...

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Nigeria has 42 billion barrels of Bitumen, to become net exporter – Alake tells Investors
April 2, 2024

Dele Alake, the Minister of Solid Minerals Development, has informed investors that Nigeria should not import...

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Nigeria’s dead capital in real estate market hits $900bn
March 29, 2024

The value of dead capital in Nigeria’s real estate market has reached $900 billion due to...

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March 28, 2024

Former president, Olusegun Obasanjo has affirmed that for food security, affordability, and accessibility to be attained,...

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Africa Attracts $4.5bn Venture Capital, Debt Investments In 2023
March 28, 2024

Africa has attracted a combined $4.5 billion in venture capital and venture debt investment in 2023,...

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Food Security: Japan to invest about $99.1 million in Nigeria Agric Sector – Wale Edun
March 26, 2024

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the Japanese...

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FG To Earn N800bn From Ship Pollution Charges
March 26, 2024

The Federal Government is to earn $500 million annually from vessels operating on Nigerian waters if...

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CBN: Credit to govt, private sector hit N114.79trn in February
March 26, 2024

Financial institutions’ credit to the economy (government and private sector) rose by N44.60 trillion or 63.55...

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Despite Scarce Forex, Nigeria Spends $13.291m To Import Adhesives
March 25, 2024

The director general of National Research Institute for Chemical Technology (NARICT), Prof Jeffery Barminas has said...

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Companies spend N8.6 billion on MVNO licences amid business uncertainty
March 25, 2024

Some 43 companies aiming to provide telecommunications services in Nigeria through the Mobile Virtual Network Operator...

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50% of businesses in Nigeria family-owned, says Moniepoint
March 22, 2024

Of every two businesses in Nigeria, one is family-owned, a study by Moniepoint has stated. The...

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