Business Climate and Economy

Credit to Private Sector Increased by 38% YoY in June
August 16, 2024

Despite economic challenges, credit to the private sector experienced a notable surge, increasing by 38 per...

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Japan to Boost Power Supply in Ogun, Lagos Axis with $500m Investment
August 16, 2024

The Japanese International Cooperation Agency (JICA) has invested $500 million to boost power supply in the...

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Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
August 16, 2024

Data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s overseas payments rose by...

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IOT: ‘Global Retail Market’ll Expand To $465bn By 2031’
August 14, 2024

According to the latest research by Insight – Ace Analytic, the Global Internet of Things (IoT)...

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Afreximbank To Double Intra-African Trade Financing To $40bn
August 13, 2024

African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from $20 billion in...

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Nigeria’s crude oil production rises to 1.3 million bpd in July- OPEC
August 13, 2024

Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude...

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Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
August 12, 2024

The Central Bank of Nigeria (CBN) has said that the results of its policy measures are...

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Kuwait, Spain, Portugal Await N413.96bn Gas From Nigeria
August 9, 2024

Ports in Portugal and other European countries and Asia are expecting 423,000 tonnes of liquefied natural...

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Report: M&A Transactions In Sub-Saharan Africa Hit $26.9bn In H1’24
August 9, 2024

The value of announced Mergers and Acquisitions (M&A) transactions with any sub-Saharan African involvement hit $26.9...

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$5bn African Energy Bank’ll Transform Energy Sector In Nigeria, Africa – SPE
August 9, 2024

The Chairman, Society of Petroleum Engineers (SPE), Engineer Salahudeen Tahir, has said the $5 billion African...

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African startups raise $420 million in July 2024, cross $1 billion year-to-date
August 8, 2024

Tech startups across Africa secured a total of $420 million in funding in July and that...

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Nigeria ranks 9th in African investment destinations- Report
August 8, 2024

The “Giant of Africa” Nigeria, ranked 9th among top African investment destinations, with Seychelles and Mauritius...

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