Business Climate and Economy

Deployed PoS terminals across Nigeria hit 3.04 million in July 2024 – NIBSS
October 17, 2024

The number of Point of Sales (PoS) machines deployed by merchants and individuals across Nigeria rose...

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Foreign capital from BRICS countries into Nigeria rises by 189% in six months
October 17, 2024

Nigeria’s foreign capital inflows from BRICS nations have surged by 189% in the first half of...

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Pilot shortage looms, aircraft owners warn
October 17, 2024

The Federal Government of Nigeria has generated $63.2 million in revenue from the Electronic Money Transfer...

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Pilot shortage looms, aircraft owners warn
October 17, 2024

The President of the Aircraft Owners and Pilots Association of Nigeria, Dr Alex Nwuba, has raised...

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Nigeria needs $100bn annually for infrastructure financing – FCMB
October 17, 2024

The Managing Director of First City Monument Bank, Yemisi Edun, has revealed that Nigeria requires an...

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Non-Oil Export: FG Generates $600m From Lilypond Terminal
October 17, 2024

Following the Federal Government’s creation of the Lily Pond Export Command for exports of locally manufactured...

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Small business owners in Lagos spend N5.3 trillion annually on fueling generators – Report
October 14, 2024

Micro, small, and medium enterprise (MSMEs) owners in Lagos State spend a staggering $3.3 billion annually...

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Sectors that attracted the most foreign investment in Nigeria 2024 Q2
October 14, 2024

In the first half of 2024, Nigeria’s total capital importation stood at $5.98 billion made up...

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10 countries with highest foreign investments into Nigeria in Q2 2024
October 14, 2024

Nigeria’s capital importation in the second quarter of 2024 declined by 22.85% from $3.37 billion in...

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Nigeria loses N3tr yearly to poor waste recovery in food industry
October 10, 2024

Inefficient waste recovery in the fast-moving consumer goods (FMCG) and food and beverage sectors cost the...

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Barge Operators Rake In N2trn From 4m Container Movements
October 10, 2024

Despite the outcry over illegal incursions, barge operators have earned $1.2 billion from four million import...

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Palmpay, OPay, other mobile money operators process N41.5 trillion transactions in 7 months
October 10, 2024

Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators...

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