Business Climate and Economy

Financial Service Sectors’ Contribution to GDP Up 26.5% to N3.8tn
February 26, 2024

Nigeria’s financial service sector’s contribution to Nigeria’s Gross Domestic Product (GDP) increased to $2.4 billion in...

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Nigeria’s 5G subscriptions reached 2.3 million in December 2023 – NCC
February 26, 2024

Data released by the Nigerian Communications Commission (NCC) has revealed that 5G subscriptions in the country...

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Active voice subscriptions in Nigeria reached 224.7 million in Q4 2023 – NBS
February 24, 2024

The National Bureau of Statistics (NBS) has revealed that active subscriptions for voice telecommunications services in...

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ICT contributed 16.66% to Nigeria’s real GDP in Q4 2023
February 24, 2024

Activities in Information and Communications Technology (ICT) contributed 16.66% to Nigeria’s real Gross Domestic Product (GDP)...

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Non-oil sector contributed 95.30% to Nigeria’s GDP in Q4 2023
February 24, 2024

The non-oil sector contributed around 95.30% to Nigeria’s GDP in the last three months of the...

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Report: Nigeria Records Extra 10% Contribution to Global Oil Demand
February 22, 2024

A report by Joint Organisations Data Initiative (JODI) has revealed that Nigeria contributed an additional 10...

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Nigerian cinemas record nearly 50% revenue increase YoY in January
February 22, 2024

The Cinema Exhibitors Association of Nigeria (CEAN) has kicked off the year with a commendable financial...

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FBNQuest projects 3.1% GDP growth for Nigeria this year
February 19, 2024

FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has forecast that Nigeria’s...

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Eleven of the world’s 20 fastest growing economies in 2024 are in Africa – AfDB
February 19, 2024

The African Development Bank Group announced in its latest Macroeconomic Performance and Outlook (MEO) report that...

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Top 10 sectors that attracted the most foreign investment in Nigeria 2023
February 19, 2024

In the fiscal year of 2023, Nigeria saw a shift in foreign investment trends amid economic...

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FDI to manufacturing sector increased by 67.69% to $1.59 billion in 2023- NBS
February 19, 2024

A review of the capital importation report of the Nigeria Bureau of Statistics reveals that foreign...

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Special economic zones attracted $66b to Nigeria, says OGFZA
February 16, 2024

The Managing Director of the Oil and Gas Free Zones (OGFZA), Bamanga Usman Jada, said the...

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