ECONOMY

News summary: The naira experienced a 0.8% drop in value due to increased dollar demand on the parallel market, particularly from importers. The Central Bank of Nigeria's RT200 scheme has...

Article Summary: Locally refining petroleum in Nigeria could significantly stimulate economic growth through job creation, skills development, and reduced dependence on imported refined products. It has the potential to transform...

News summary: A 23% increase in real estate value has attracted investors, with land outpacing other assets in terms of price appreciation. Factors such as high inflation, fluctuating exchange rates,...

News highlights: Nestle Nigeria experienced a 10% decline in Q1 profit after tax to N16.21 billion due to increased operating and financing costs. Despite a 16% revenue increase to N127.97...

News summary: The naira depreciated against the US dollar in the peer-to-peer window of the foreign exchange market but appreciated in the Investors and Exporters window and the black market....

Article summary: Brazil has transformed from a net food importer to a top global exporter, offering valuable lessons for Nigeria in agriculture. By focusing on value addition, investing in research,...

News Summary: The World Bank Group introduced the Business Ready Project to assess nations' business climates and promote private investment, job creation, and greener energy. This new approach, set to...

News Summary: The Standards Organisation of Nigeria (SON) urges businesses to standardise products for global competitiveness. Through training workshops and programmes like MANCAP, SON educates manufacturers on reducing waste and...

News Summary: The Nigerian federal government has raised alcohol and tobacco excise duty rates, putting businesses in jeopardy amid double-digit inflation and the highest cost of doing business in 17...

News Summary: The Central Bank of Nigeria (CBN) has denied rumours that it intends to withdraw the newly redesigned naira notes. The CBN will continue supplying currency for the economy's...