Business Climate and Economy

Banks grow digital channels transactions to N600tn—Report
September 12, 2024

Banking transactions through digital channels have increased by 55 per cent to $362.6 billion, according to...

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Nigeria’s crude oil production rises by 3.4% to 1.35million bpd in August – OPEC
September 12, 2024

Nigeria’s average daily crude oil production rose by 3.4% to 1.352 million barrels in August according...

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BREAKING: FG Earns N1.56trn VAT Q2, 2024 – NBS
September 12, 2024

The Federal Government’s aggregate receipt of the Value Added Tax (VAT) Q2 2024 stood at $948.3...

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World Bank: 40% Nigerian MSMEs Owned By Women
September 6, 2024

A report by the World Bank has established that 40 per cent of Micro, Small and...

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CBN’s PMI Report Shows Economic Activities Expanded In August
September 6, 2024

The country’s Purchasing Managers’ Index (PMI) for August 2024 stood at 50.2 index points compared to...

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Gas production nears 12 billion cubic feet/day – FG
September 6, 2024

Gas production in Nigeria is growing from 7.5 billion cubic feet (bcf) per day and is...

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Russia To Commence Importation Of Nigeria’s Cocoa This Month
September 5, 2024

As Russia concludes plans to initiate direct import of cocoa beans from Nigeria, shipments of 17,000...

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Nigeria Begins Petrol Production After 28 Years
September 4, 2024

For the first time in nearly three decades, Nigeria has commenced local production of petrol, following...

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Nigeria accounts for 14% as African startups raise $56 million in August 2024 – Report
September 4, 2024

A single raise by Nigerian fintech, Waza, gave the country a 14% share of total funds...

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30 million Nigerians have credit scores – CRC Credit Bureau
September 3, 2024

The leading credit bureau in Nigeria, CRC Credit Bureau, has revealed that over 30 million Nigerians...

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H1’24: Malaysia Exports N128bn Worth Of Palm Oil To Nigeria
September 2, 2024

An average of 96,114 metric tonnes of crude palm oil valued at $87.25 million were ferried...

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FG Spends $13.94bn On PMS Import In 14 Months
September 2, 2024

The Federal Government has hired no fewer than 316 ships to ferry $13.94 billion worth of...

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