51 profitable small business ideas in Nigeria
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Promising Small Business Ideas in Nigeria 1. E-commerce Store 2. Digital Marketing Agency 3. Mobile Car Wash 4. Food Delivery Service 5. Freelance Writing and Editing 6. Agricultural Ventures 7. Event Planning 8. Online Tutoring 9. Cleaning Services 10. Mobile Phone Repair Services
UAC of Nigeria PLC Reports Strong Q2 2024 Financial Performance with 14.5% Revenue Growth to ₦43.5 Billion and 56.3% Increase in Operating Profit to ₦2.5 Billion
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Based on the financial statement provided in the image, here’s a concise 400-word review of UAC of Nigeria PLC’s Q2 2024 vs Q1 2024 performance: UAC of Nigeria PLC has demonstrated significant financial improvement in … Read more
Nigeria’s Cost of Living Crisis: Analyzing the 15 Most Expensive States in July 2024
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As Nigeria grapples with persistent economic challenges, the latest Consumer Price Index (CPI) data for July 2024 reveals a concerning trend of rising living costs across the country. This analysis focuses on the 15 most … Read more
Nigeria Makes History as First Dollar-Denominated Domestic Bond Set to Raise $500 Million
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Abuja, Nigeria – In a landmark move for its financial markets, the Federal Government of Nigeria is preparing to issue its first-ever dollar-denominated domestic bond, aiming to raise an impressive $500 million from both local and international investors. … Read more
July 2024 CPI Report: Nigeria’s Inflation Decline Offers Hope Amid Ongoing Challenges
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In a significant development for Nigeria’s economy, the headline inflation rate has decreased to 33.40% in July 2024, down from 34.19% in June. This marks the first decline in inflation since December 2022, when it was recorded at 21.34%. The … Read more
Nigeria’s Imports from Malta Surge to $2.25 Billion in 2023, Sparking Controversy
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Available information from the United Nations COMTRADE database and the National Bureau of Statistics, NBS, reveals that imports from Malta by Nigeria surged to US$2.25 billion in 2023. This represents a rather huge increase from … Read more
Government Faces Rising Tensions as Nationwide Protests Loom
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In light of a planned nationwide protest set for August 1, the Federal Government of Nigeria has convened an emergency meeting today. This meeting follows President Bola Tinubu’s appeal to protest organizers, urging them to … Read more
Max Air Aircraft Grounded After Rear Tyres Burst During Takeoff
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On Sunday evening, a Max Air flight, identified as NGL1649, a Boeing 737 with registration 5N-ADB, was cleared for takeoff from Yola Airport. The aircraft, carrying 119 passengers and six crew members, experienced a serious … Read more
Nigerian Banks Record Combined Post-Tax Profit of N3.156 Trillion in 2023
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In 2023, eleven Nigerian banks faced a combined tax expense of N575.168 billion, reflecting a significant 175% increase from the N209.608 billion paid in 2022. This surge in tax liability is linked to a substantial … Read more
Unveiling the 15 Costliest States in June 2024’s Economic Landscape
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Nigeria’s economic landscape continues to evolve, with inflation rates painting a vivid picture of the cost of living across different states. The latest Consumer Price Index (CPI) data from the National Bureau of Statistics (NBS) … Read more