Nigeria, Africa’s largest economy, is facing a wave of exits by multinational companies that are struggling to cope with the country’s macroeconomic environment. The federal government says it is in…
Business
-
-
Nigeria’s small and medium-sized enterprises (SMEs) are set to benefit from a $20 million Trade Finance Facility Agreement signed by the African Development Bank (AfDB) and FSDH Merchant Bank. The…
-
Nigeria is facing a drug crisis as the value of medicines imported into the country rose by 68 percent to N81.8 billion in the third quarter of 2023, according to…
-
Procter & Gamble (P&G), a multinational consumer goods company, has decided to end its operations in Nigeria after more than three decades, citing unfavorable macroeconomic conditions. The move could result…
-
Jumia, Africa’s leading e-commerce platform, has announced Sunil Natraj’s appointment as its Nigerian unit’s new CEO, effective from January 1, 2024. Natraj will replace Massimiliano Spalazzi, who has led Jumia…
-
Nasir El-Rufai, the former governor of Kaduna State, Nigeria, has announced his plans to set up a $100 million venture capital fund for startups in the country, especially those in…
-
Nigeria, a country with abundant agricultural resources and potential, is facing a serious challenge of food insecurity and malnutrition. According to a recent report by the government and the UN,…
-
BusinessNews
Nigeria’s Creative Industry Set to Rake in $14.82 Billion by 2025, Says NECLive Report
Nigeria’s creative industry has witnessed remarkable growth and expansion in the past decade, becoming a major contributor to the country’s economy and a source of global recognition. According to a…
-
Nigeria, Africa’s most populous nation and largest economy is experiencing a slowdown in its information and communication technology (ICT) sector, which has been a key driver of its economic growth…
-
African countries, led by Nigeria, are spearheading crucial discussions on energy transition and climate change at the pivotal COP28 summit in Dubai.