Business Climate and Economy

African startups raise $343m in April
May 9, 2025

In April 2025, start-ups across Africa raised a total of $343m through $100k+ deals (excluding exits),...

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Nigerian Ports Process Exports Worth N39.6trn In 6 Months
May 9, 2025

Despite 62 changes in the exchange rate of naira to dollar in the first quarter of...

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Nigeria loses over N2bn annually to poor power supply – UNDP
May 9, 2025

Nigeria loses more than $1.24 million annually due to inadequate and unreliable power supply, the United...

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Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027
May 9, 2025

Nigeria, Ivory Coast, and Mozambique are expected to host 10 new offshore drilling projects between 2026...

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May 9, 2025

After rising for the fourth consecutive month to 54.3 in March, Nigeria’s Purchasing Managers’ Index (PMI),...

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Lagos begins phase 2 of 3,300km metro fibre project to power digital city vision
May 9, 2025

The Lagos State Government has kicked off the second phase of its ambitious 3,300km metro fibre...

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May 9, 2025

Over four million tonnes of urea exports have fetched Nigerian firms $3 billion between January 2024...

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Nigeria requires $410bn to achieve energy transition – Bagudu
May 5, 2025

The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has stated that synergy is...

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8.8 million Nigerians projected to own CCTV cameras, security tech in their homes by 2029
May 5, 2025

Security agencies in the country, such as the police force, have not helped in mitigating the...

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NBS Launches Crowd-sourced Prices Data For Market Insights
May 5, 2025

The National Bureau of Statistics (NBS) has released its first prices data compiled through a groundbreaking...

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Telecom operators to splash $1bn on network expansion
May 5, 2025

Telecommunication operators have committed about $1 billion to network expansion and upgrade efforts in 2025, according...

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Nigeria’s N160bn cold chain market beckons investors
April 30, 2025

Nigeria has fewer than 1,000 cold trucks, far below the 25,000 needed to transport over 11...

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