Business Climate and Economy

US: We’re Committed to Supporting Nigeria’s Journey to Prosperity
March 1, 2024

As the Federal Government strengthens institutions in the country to chart path for economic growth, the...

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ATM market to grow by $5.64bn
March 1, 2024

Between 2022 and 2027, the Automated Teller Machine (ATM) market will likely grow by $5.64 billion...

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Smartphone penetration in Nigeria to hit 60% by 2025
February 27, 2024

The number of smartphone users in Nigeria, Africa’s biggest economy and most populous country is forecast...

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Nigeria Imports 60.4bn Litres of Petrol in 32 Months Amid FX Crisis
February 27, 2024

With zero local production of petrol in the 32 months spanning January 2021 to August 2023...

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GDP: Nigeria Can Generate $13.1m From Fish Reef, Others
February 27, 2024

According to Lanre Badmus, the Regional Director of the African Chapter, West African Region, at the...

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Only 25% Of Vehicles In Nigeria Insured – FRSC, NIA
February 26, 2024

As most Nigerians battle economic hardship, leading to low disposable income, the number of uninsured vehicles...

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Financial Service Sectors’ Contribution to GDP Up 26.5% to N3.8tn
February 26, 2024

Nigeria’s financial service sector’s contribution to Nigeria’s Gross Domestic Product (GDP) increased to $2.4 billion in...

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Nigeria’s 5G subscriptions reached 2.3 million in December 2023 – NCC
February 26, 2024

Data released by the Nigerian Communications Commission (NCC) has revealed that 5G subscriptions in the country...

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Active voice subscriptions in Nigeria reached 224.7 million in Q4 2023 – NBS
February 24, 2024

The National Bureau of Statistics (NBS) has revealed that active subscriptions for voice telecommunications services in...

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ICT contributed 16.66% to Nigeria’s real GDP in Q4 2023
February 24, 2024

Activities in Information and Communications Technology (ICT) contributed 16.66% to Nigeria’s real Gross Domestic Product (GDP)...

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Non-oil sector contributed 95.30% to Nigeria’s GDP in Q4 2023
February 24, 2024

The non-oil sector contributed around 95.30% to Nigeria’s GDP in the last three months of the...

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Report: Nigeria Records Extra 10% Contribution to Global Oil Demand
February 22, 2024

A report by Joint Organisations Data Initiative (JODI) has revealed that Nigeria contributed an additional 10...

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