Business Climate and Economy

AfDB To Begin Disbursement Of $540m SAPZs Fund
February 8, 2024

All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million...

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Mining: Nigeria To Attract $20bn Investment From UK, Saudi Arabia, Turkey, China
February 8, 2024

Investors in Nigeria's solid minerals sector are expressing keen interest in injecting $20 billion to enhance...

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Nigeria stands as our second-largest trading partner in Africa — US envoy
February 6, 2024

Julie Leblanc, U.S. Commercial Counselor to Nigeria, emphasized Nigeria's significance as the United States' second-largest trading...

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EU invests €3billion in Nigeria annually, generating 160,000 jobs – Ambassador
February 3, 2024

The European Union Council demonstrates its strong commitment to bolstering partnership with the Nigerian government by...

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Five countries with highest wage growth in one year
February 3, 2024

Exciting news for Nigeria! According to the latest 2024 minimum wages report, the country has secured...

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Global Shea Alliance Attracts N23bn Investments To Nigeria
January 31, 2024

As part of complementing the federal government’s efforts in attracting Foreign Direct Investments (FDIs), the Managing...

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Levy: FG’s earnings from electronic transfer rise by 44.16% to N181.17bn
January 31, 2024

The Electronic Money Transfer Levy (EMTL) revenue component of disbursements by the Federation Account Allocation Committee...

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Standard Bank Report Predicts Increase in Reserves Buoyed By Domestic Oil Refinery Operation
January 27, 2024

A new report has predicted an increase in Nigeria’s current account surplus to about 1.8 per...

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SEZ Attracts $66BN FDIs, N620bn Domestic Investments
January 25, 2024

The Special Economic Zones Scheme has emerged as a powerhouse in Nigeria, attracting over $66 billion...

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Subsidy removal increased FAAC disbursement by 29% to N15.1 trillion in 2023
January 25, 2024

The disbursement from the Federal Accounts Allocation Committee (FAAC) to the federal government, states and local...

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Nigeria needs educated, skilled workforce for economic prosperity
January 24, 2024

Founder and Chief Executive Officer of ValueChain Academy in the U.S., Dr Imoh Okon, in an...

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