Business Climate and Economy

Nigeria’s non-oil exports hit $1.791bn in Q1 2025, up 24.75% – NEPC
April 30, 2025

Nigeria’s non-oil exports rose significantly in the first quarter (Q1) of 2025, reaching a total value...

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Nigeria records $15.2 billion net FX inflow in Q1 2025 as reforms deepen market liquidity
April 30, 2025

Nigeria recorded a net foreign exchange (FX) inflow of $15.20 billion in the first quarter of...

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Nigeria hits Internet milestone as IXPN surpasses 1 terabit per second in local traffic
April 25, 2025

The Internet Exchange Point of Nigeria (IXPN) has announced it crossed 1 Terabit per second (1Tbps)...

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Manufacturing capacity utilisation improves to 57%
April 25, 2025

Capacity utilisation in Nigeria’s manufacturing sector improved marginally to 57.0 per cent in 2024, up from...

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Nigeria’s horticulture sector sets $500m export target
April 25, 2025

Nigeria’s horticultural export sector is demonstrating significant growth, reaching an estimated $248 million in 2023, according...

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IMF Projects 3% economic growth rate for Nigeria in 2025
April 25, 2025

The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 3.0% in 2025....

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Nigerians ramp up savings as liquid assets rise by 3.65% in March 2025
April 25, 2025

Nigerians are exhibiting stronger savings behavior amid rising macroeconomic uncertainty, as Quasi-Money rose by 3.65% month-on-month...

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Nigeria’s manufacturing output hits N33.43 trillion in H2 2024 amid soaring inflation – MAN
April 23, 2025

The Manufacturers Association of Nigeria (MAN) has revealed that Nigeria’s nominal manufacturing output surged by 34.9%...

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Nigeria needs 5,000 cold trucks, 100 cold rooms to curb N3.5 trillion post-harvest losses
April 23, 2025

Nigeria needs 5,000 cold trucks and 100 cold rooms, each with a capacity of 500 tonnes,...

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Nigeria’s Gas Reserves Rises To 210.5trn Cubic Feet, To Last 93 Years – NUPRC
April 23, 2025

Nigeria’s crude oil and gas reserves have hit a record high of 37.24 billion barrels and...

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Local Investors Lead As African Venture Capital Raises $3.6bn
April 23, 2025

African Venture Capital raised $3.6 billion in 2024 with local investors taking the lead for the...

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AfCFTA: Nigeria waives duties on 90% of goods traded in Africa
April 23, 2025

Reinforcing Nigeria’s commitment to regional trade expansion, President Bola Tinubu, yesterday, signed the Economic Community of...

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