Business Climate and Economy

Nigeria’s 2023 oil export to Indonesia hit $3.8bn
May 30, 2024

Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian...

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FG Nets N242bn From Marine Sector, Targets $7bn Oil & Gas Investment
May 30, 2024

The Minister of Marine and Blue Economy, Gboyega Oyetola, has said that his ministry recorded a...

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Five largest sectors in the Nigerian economy as of Q1 2024
May 30, 2024

The Nigerian Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter (Q1) of...

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GDP growth projected to reach 3.25%
May 29, 2024

Real gross domestic product (GDP) growth has been projected to hit 3.25 per cent this year....

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Top 10 fastest growing sub-sectors of Nigeria’s economy in Q1 2024
May 29, 2024

Nigeria’s gross domestic product (GDP) in the first quarter (q1) of 2024 grew by 2.98%, higher...

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FRSC produces 3.56 million number plates for vehicles, motorcycles in three years
May 29, 2024

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles...

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Nigeria has attracted $3.5 billion investment to textile industry in one year – Minister
May 29, 2024

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, says that the Federal Government has secured...

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Kyari: Nigeria’s Cocoa Export Accounted for 29% of Total Agric Export in 2023
May 24, 2024

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has stated that Nigeria’s coca export...

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AfDB announces $1.44 billion investment for Nigeria’s infrastructure development
May 24, 2024

The African Development Bank (AfDB) has announced an investment of $1.44 billion to aid the development...

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NIBSS: Deployed PoS terminals across Nigeria hit 2.7 million in March 2024
May 24, 2024

The number of Point of Sales (PoS) machines deployed by merchants and individuals across Nigeria rose...

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Nigeria, Indonesia Trade Volume Reached $6bn in 2023
May 24, 2024

The President, Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), Ishmael Adegorioye Balogun, has stated that trade...

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Nigerian startups get 29.3% of Africa’s $15b funding in five years
May 22, 2024

Of the $15 billion startup investment flow to Africa since 2019, Nigeria got received close to...

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