Business Climate and Economy

July 5, 2024

Nigerians spent $10.8 billion on self-generated electricity, particularly fuelling and servicing of generators, Minister of Power,...

Read More
Africa’s 2023 real estate investment only 0.15% of global $684 billion market – Report
July 4, 2024

In 2023, Africa’s real estate investment volume reached $1 billion, representing a mere 0.15% of the...

Read More
Lagos, Ogun, Kano account for 23% of Nigeria’s mobile subscriptions in Q1 2024 – NBS
July 4, 2024

The latest telecommunications data released by the National Bureau of Statistics (NBS) has revealed that three...

Read More
Nigeria tops list as African Nations secure $4.08 billion Global Fund for healthcare in H1 2024
July 2, 2024

Several African nations have received a cumulative total of $4.08 billion from The Global Fund in...

Read More
NRC generates N1.42 billion moving 675,293 passengers in Q1 2024
July 2, 2024

The Nigerian Railway Corporation (NRC) generated $907k in revenue by transporting 675,293 passengers on federal rail...

Read More
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
July 2, 2024

Nigeria’s telecommunications sector attracted a total of $191.5 million in Foreign Direct Investments (FDIs) in the...

Read More
Nigeria’s capital importation rises by 210% to $3.37 billion in Q1, 2024
July 2, 2024

Nigeria’s total capital importation rose by 210.16% in the first quarter of 2024 from $1.08 billion...

Read More
Nigeria’s external reserves surges to $34 billion, first time since March
June 28, 2024

Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level...

Read More
Customs generates N115 billion from Lagos Free Trade Zone in six months
June 28, 2024

The Lagos Free Trade Zone of the Nigeria Customs Service has said it generated $74.7 million...

Read More
NBS: 40.2m Households Engage In Agriculture In Nigeria
June 28, 2024

National Bureau of Statistics ( NBS) has said that about 40.2 million agricultural households in Nigeria...

Read More
Nigeria requires N348tr to address infrastructure deficit, says ICRC DG
June 28, 2024

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Mr Michael Ohiani, has said that Nigeria...

Read More
Spending On Wheat Imports Drops By 78% To N544bn
June 26, 2024

Weak consumer demand and high exchange rate of naira to dollar have pruned wheat imports by...

Read More