Business Climate and Economy

Food Security: Japan to invest about $99.1 million in Nigeria Agric Sector – Wale Edun
March 26, 2024

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the Japanese...

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FG To Earn N800bn From Ship Pollution Charges
March 26, 2024

The Federal Government is to earn $500 million annually from vessels operating on Nigerian waters if...

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CBN: Credit to govt, private sector hit N114.79trn in February
March 26, 2024

Financial institutions’ credit to the economy (government and private sector) rose by N44.60 trillion or 63.55...

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Despite Scarce Forex, Nigeria Spends $13.291m To Import Adhesives
March 25, 2024

The director general of National Research Institute for Chemical Technology (NARICT), Prof Jeffery Barminas has said...

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Companies spend N8.6 billion on MVNO licences amid business uncertainty
March 25, 2024

Some 43 companies aiming to provide telecommunications services in Nigeria through the Mobile Virtual Network Operator...

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50% of businesses in Nigeria family-owned, says Moniepoint
March 22, 2024

Of every two businesses in Nigeria, one is family-owned, a study by Moniepoint has stated. The...

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SON: Nigeria Could Save N94bn Annually on Palm Oil Importation
March 19, 2024

The Standards Organisation of Nigeria (SON) has stated Nigeria has the capacity to save over $60.1...

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Nigeria Spent N181bn On Motorcycles’ Importation In Second Half Of 2023
March 18, 2024

The importation of motorcycles, popularly known as Okada in Nigeria has risen to $116.1 million in...

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Nigeria becomes Africa’s largest importer of refined petrol from Europe – S&P
March 17, 2024

Analysts at S&P Global Commodity Insights revealed that Nigeria has become the largest importer of refined...

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FX remittances quadruple to $1.3 billion in February – CBN
March 8, 2024

The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3...

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States’ Internal Revenue Collection Hits N2trn – Adedeji
March 7, 2024

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’...

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FCT-IRS e-portal Generates N25.5bn Revenue in 2024
March 7, 2024

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has said it generated $16.1 million from its...

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