Business Climate and Economy

Nigeria enrolls 2 million people in 9 months as health insurance coverage hits over 19 million
November 2, 2024

Nigeria has enrolled two million people in nine months of 2024, bringing the total number of...

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Nigeria’s electricity shortage causes $26 billion economic losses annually
October 29, 2024

Nigeria’s persistent power challenges are costing the economy an estimated $26 billion annually, according to the...

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Usage gap: 120 million Nigerians not connected to mobile internet – GSMA
October 29, 2024

GSMA, the global body of mobile network operators has said that about 120 million Nigerians had...

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Nigeria spends $1.5 billion annually on milk and dairy imports – Tinubu
October 26, 2024

President Bola Tinubu has revealed that Nigeria spends approximately $1.5 billion each year on importing milk...

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Nigeria’s textile and apparel sector accounts for just 0.01% of AGOA imports in 2023
October 25, 2024

Shaquana Teasley, Founder and CEO of Agate Solutions LLC, stated that Nigeria’s textile and apparel sector...

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Less than 20% of Nigerian households use cooking gas – NBS
October 25, 2024

The National Bureau of Statistics (NBS) has revealed that only 19.4% of households in Nigeria use...

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Nigeria, USA annual trade hits $10bn — Official
October 25, 2024

The Consul-General of the United States Consulate in Lagos, Nigeria, Will Stevens, has said that Nigeria...

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IMF: Nigeria’s Economy To Grow By 3.2% In 2025
October 25, 2024

Nigeria’s economy is projected to expand by 3.2 per cent in 2025, while inflation is estimated...

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Nigeria Takes Delivery Of N59.2bn Worth Of Gas Cylinders
October 25, 2024

Lagos Port is expected to take delivery of 2.29 million units of 12.5 kilogrammes of LPG...

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Customs Exceeds Revenue By 25.2% In 9 Months, Generates N4.29trn
October 25, 2024

The Nigeria Customs Service (NCS) has exceeded its revenue generation by 25.2 per cent from $2...

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Electricity Tariff: 85.2% of households in Nigeria are still on estimated billing – Report
October 25, 2024

A new report by the National Bureau of Statistics (NBS) reveals that 85.2% of Nigerian households...

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Nigeria on course to lead Africa in open banking – Uzoma Dozie
October 24, 2024

The Founder and Chief Executive Officer of Sparkle, a Nigerian digital bank, Dozie Uzoma, has said...

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