Business Climate and Economy

Customs Collects N1.2bn Revenue At Seme In 2 Months
March 6, 2024

The Seme Command of the Nigeria Customs Service (NCS), says it collected $739K as duty on...

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Nigeria Targets $2.6bn Shea Market
March 6, 2024

The Executive Director of the Nigeria Export Promotion Council (NEPC), Nonye Ayeni says Nigeria is currently...

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Abia Eyimba Economic City to push Nigeria, India trade volume to $20 billion – Investor
March 4, 2024

A diverse FDI consultancy firm based in India has anticipated that the Enyimba Economic City (ECC)...

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Revenue: Nigeria loses N3.18trn to poor cashew processing
March 4, 2024

Lack of processing equipment made Nigeria to lose $1.98 billion in global cashew market in 2023...

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Africa’s share of global trade remains under 3% despite AfCFTA – Report
March 4, 2024

A new report by the Economic Commission for Africa (ECA) reveals Africa’s contribution to global trade...

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Nigeria Remains Most Important Market In Africa – WACT MD
March 4, 2024

The newly appointed managing director, West Africa Container Terminal (WACT), Jeethu Jose, has said Nigeria remained...

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US: We’re Committed to Supporting Nigeria’s Journey to Prosperity
March 1, 2024

As the Federal Government strengthens institutions in the country to chart path for economic growth, the...

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ATM market to grow by $5.64bn
March 1, 2024

Between 2022 and 2027, the Automated Teller Machine (ATM) market will likely grow by $5.64 billion...

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Smartphone penetration in Nigeria to hit 60% by 2025
February 27, 2024

The number of smartphone users in Nigeria, Africa’s biggest economy and most populous country is forecast...

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Nigeria Imports 60.4bn Litres of Petrol in 32 Months Amid FX Crisis
February 27, 2024

With zero local production of petrol in the 32 months spanning January 2021 to August 2023...

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GDP: Nigeria Can Generate $13.1m From Fish Reef, Others
February 27, 2024

According to Lanre Badmus, the Regional Director of the African Chapter, West African Region, at the...

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Only 25% Of Vehicles In Nigeria Insured – FRSC, NIA
February 26, 2024

As most Nigerians battle economic hardship, leading to low disposable income, the number of uninsured vehicles...

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