Business Climate and Economy

Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024
June 13, 2024

The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of...

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African startups raise $187 million in May 2024 – Report
June 13, 2024

Startups across Africa announced fresh capital raise totalling $187 million in May, as funding improved compared...

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June 13, 2024

Data from the National Bureau of Statistics reveal Nigeria recorded $79 million as import cost for...

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Nigeria’s trade surplus hits new high of N6.52 trillion in Q1 2024
June 11, 2024

Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus...

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OECD: Climate Finance For Developing Countries Hit $115.9bn In 2022
June 10, 2024

Developed countries provided and mobilised $115.9 billion in climate finance for developing countries in 2022, exceeding...

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Lagos makes top 100 in global startup index 2024 – Report
June 6, 2024

The 2024 Startup Index has ranked Lagos as 70th in the world placing it among the...

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Nigeria to gain $34 billion economic boost by 2030 if WHO malaria goals are met
June 6, 2024

Nigeria is poised to gain a $34 billion economic boost, amounting to nearly a quarter of...

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Nigeria’s Growth Rate To Increase To 4.4% In 2025 – AfDB
June 5, 2024

The growth rate of Nigeria and other West African countries is projected to rise from an...

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Africa needs $402.2 billion annually by 2030 for structural transformation – AfDB President
June 4, 2024

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that Africa needs...

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Business conditions show improvement in May as Nigeria’s PMI rises to 52.1- Report
June 4, 2024

Nigeria’s Stanbic Purchasing Managers’ Index (PMI) rose to 52.1 in May on the back of improvements...

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Iran-Africa trade hits $1.2 billion in two years, targeting Nigerian market
June 4, 2024

The Government of the Islamic Republic of Iran, says its trade deals with African countries hit...

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Visa's New Study Unveils Emerging SME Megatrends in Nigeria, Highlighting Significant Opportunities for Issuers
May 30, 2024

A new study from Visa, the SME Megatrends report, delves into the ever-evolving financial landscape for...

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