Business Climate and Economy

Nigeria’s net FX reserves hit $23bn, highest in 3yrs
April 10, 2025

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position...

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South Africa’s PIC invests $40 million in Africa50 for infrastructure development
April 10, 2025

Africa50 Group, the pan-African infrastructure investor and asset manager, has announced a $40 million investment from...

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Nigeria, Japan partner on Naira-denominated venture capital fund to boost startups
April 10, 2025

Nigeria and Japan have unveiled a venture capital initiative aimed at fostering high-growth startups through Naira-denominated...

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Nigeria’s net forex inflow rises to $17.39 billion in Q4 2024, driven by autonomous sources
April 3, 2025

Nigeria’s net foreign exchange inflow surged to $17.39 billion in the fourth quarter of 2024, driven...

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Business confidence rises to 14-month high on easing inflation
April 3, 2025

Business confidence in Africa’s most populous nation rose to the highest level in 14 months in...

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Nigeria imports $7.8m of U.S wines in 2024
April 3, 2025

Nigeria is the largest market in Africa for U.S. wines with exports valued at $7.8 million...

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MTN and Airtel ink network-sharing agreement in Nigeria, Uganda to cut costs
April 3, 2025

MTN Group and Airtel Africa have signed an agreement to share network infrastructure in Nigeria and...

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Nigeria records largest global drop in cash usage as digital payments surge
April 3, 2025

Nigeria recorded the steepest decline in cash transactions to surpass six cash-reliant economies in the past...

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Nigeria needs $15 million annually to match Brazil, South Africa in statistical performance — World Bank
March 28, 2025

The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to...

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Bangladesh-Nigeria trade surges beyond $100 million, strengthening bilateral ties
March 28, 2025

Bangladesh’s High Commissioner to Nigeria, Masudur Rahman, has highlighted the remarkable progress in trade relations between...

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Nigeria, Canada seal code-sharing deal under new Bilateral Air Service Agreement
March 28, 2025

Nigeria and Canada have finalized a Code-sharing Agreement under a new Bilateral Air Service Agreement (BASA),...

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Nigeria lost $300bn to unregistered landed assets – FG
March 24, 2025

The federal government has lamented the inability of Nigeria to tap from its landed assets’ potential,...

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