Business Climate and Economy

NIN-SIM Linkage: Active Sim Cards Rebound To 219.7m
April 12, 2024

Despite the economic hardship, the number of mobile subscriptions in Nigeria has rebounded after the initial...

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Revenue of Customs’ Airport Command rises 112% to N45.23 billion
April 12, 2024

The Murtala Muhammed Airport Command of the Nigeria Customs Service (NCS) generated $39.3 million in revenue...

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Africa’s exports to grow by 5.3% in 2024, fastest in the world- WTO
April 12, 2024

The World Trade Organisation (WTO) in its trade outlook for 2024 projected that exports from Africa...

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Nigeria’s Services Export Undertapped in $7.1tn Global Market, Expert Says
April 8, 2024

Current data by Statista has put Nigeria’s services export value at $4.41 billion out of $7.1...

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Forex Inflow Into NAFEM In March Hits $3.75bn
April 8, 2024

Foreign exchange inflow into the Nigeria Autonomous Foreign Exchange Market (NAFEM) was on the upswing last...

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PMI Report: Productivity Grew Slightly in March Despite Strong Inflationary Pressure
April 5, 2024

The rate of expansion in business activity quickened slightly in March but remained relatively modest as...

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Credit to Private Sector Hits Record High of N80tn, 94% YoY Growth
April 4, 2024

The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the private sector rose...

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Singapore, China Flood Nigerian Ports With N13.6trn Used Vehicles
April 4, 2024

Singapore, China and the United States are among the 10 top countries that flooded Nigerian ports...

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Nigeria has 42 billion barrels of Bitumen, to become net exporter – Alake tells Investors
April 2, 2024

Dele Alake, the Minister of Solid Minerals Development, has informed investors that Nigeria should not import...

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Nigeria’s dead capital in real estate market hits $900bn
March 29, 2024

The value of dead capital in Nigeria’s real estate market has reached $900 billion due to...

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March 28, 2024

Former president, Olusegun Obasanjo has affirmed that for food security, affordability, and accessibility to be attained,...

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Africa Attracts $4.5bn Venture Capital, Debt Investments In 2023
March 28, 2024

Africa has attracted a combined $4.5 billion in venture capital and venture debt investment in 2023,...

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