Business Climate and Economy

Fintechs lead as African startups raise $138 million in September 2024—Report
October 10, 2024

African startups announced a total of $138 million in September 2024, encompassing equity, debt, and grants....

Read More
African airlines record 10.1% growth in international passenger demand for August 2024 – IATA
October 10, 2024

African airlines reported a 10.1% increase in international passenger demand in August 2024 compared to the...

Read More
Nigeria To Earn N792bn From Premium Cashew Nut Export
October 10, 2024

Despite smuggling and unfavourable weather, exporters are expected to earn $480 million from Vietnam and India...

Read More
Local refineries produced 1.46 billion litres of petrol – Report
October 6, 2024

From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low...

Read More
Tech upgrade gulps N178bn in five banks
October 6, 2024

The combined spending of five Nigerian banks on ramping up their information technology was $108.7 million...

Read More
Study: AI To Add $15bn To Nigeria’s Economy By 2030
October 6, 2024

A report on Nigeria’s economic study carried out by an independent body, Public First, has revealed...

Read More
Afreximbank offers $200 million to support Nigeria’s creative industry
October 6, 2024

The Federal Government of Nigeria has secured $200 million investment from the African Export–Import Bank (Afreximbank)...

Read More
Google services boost Nigeria’s economy by $1.8 billion in 2023—Report
October 6, 2024

A new report by Public First focusing on the impact of digital technologies in Nigeria has...

Read More
EV: ‘Nigeria Has Less Than 1% Of Global Market Share’
October 6, 2024

Nigeria has less than one per cent of the global market share of electric vehicles (EVs),...

Read More
Sugar Import Bills Rise To N1.4trn Over Weak Local Capacity
October 6, 2024

Inefficient crushing capacity has foiled government’s plans to reduce $874 million import bill on 1.7 million...

Read More
BVN enrollments reach 63.4 million in September 2024—NIBSS
October 1, 2024

Enrollments for the Bank Verification Number (BVN) by bank account owners in the country has increased...

Read More
Soya Beans: Massive Export Stirs 22% Price Increase
October 1, 2024

Despite complaints by local millers, a total of 1.25 million tonnes of soya beans valued at...

Read More