Business Climate and Economy

SON: Nigeria Could Save N94bn Annually on Palm Oil Importation
March 19, 2024

The Standards Organisation of Nigeria (SON) has stated Nigeria has the capacity to save over $60.1...

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Nigeria Spent N181bn On Motorcycles’ Importation In Second Half Of 2023
March 18, 2024

The importation of motorcycles, popularly known as Okada in Nigeria has risen to $116.1 million in...

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Nigeria becomes Africa’s largest importer of refined petrol from Europe – S&P
March 17, 2024

Analysts at S&P Global Commodity Insights revealed that Nigeria has become the largest importer of refined...

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FX remittances quadruple to $1.3 billion in February – CBN
March 8, 2024

The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3...

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States’ Internal Revenue Collection Hits N2trn – Adedeji
March 7, 2024

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’...

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FCT-IRS e-portal Generates N25.5bn Revenue in 2024
March 7, 2024

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has said it generated $16.1 million from its...

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Customs Collects N1.2bn Revenue At Seme In 2 Months
March 6, 2024

The Seme Command of the Nigeria Customs Service (NCS), says it collected $739K as duty on...

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Nigeria Targets $2.6bn Shea Market
March 6, 2024

The Executive Director of the Nigeria Export Promotion Council (NEPC), Nonye Ayeni says Nigeria is currently...

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Abia Eyimba Economic City to push Nigeria, India trade volume to $20 billion – Investor
March 4, 2024

A diverse FDI consultancy firm based in India has anticipated that the Enyimba Economic City (ECC)...

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Revenue: Nigeria loses N3.18trn to poor cashew processing
March 4, 2024

Lack of processing equipment made Nigeria to lose $1.98 billion in global cashew market in 2023...

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Africa’s share of global trade remains under 3% despite AfCFTA – Report
March 4, 2024

A new report by the Economic Commission for Africa (ECA) reveals Africa’s contribution to global trade...

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Nigeria Remains Most Important Market In Africa – WACT MD
March 4, 2024

The newly appointed managing director, West Africa Container Terminal (WACT), Jeethu Jose, has said Nigeria remained...

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