African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Tinubu Urged to Probe $1.5BN World Bank Loan, $3.1BN Chinese

Tinubu Urged to Probe $1.5BN World Bank Loan, $3.1BN Chinese Loans Amidst Claims of Mismanagement

By Ifunanya / August 11, 2024

Nigeria’s SERAP Calls for Probe into $1.5 Billion World Bank Loan and $3.121 Billion Chinese Loans The Socio-Economic Rights and […]

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Tony Elumelu Blames Oil Theft for IOCs' Divestment from Nigeria

Tony Elumelu Blames Oil Theft for IOCs’ Divestment from Nigeria

By Ifunanya / August 11, 2024

Oil Theft Drives International Oil Companies Out of Nigeria, Says Businessman Tony Elumelu A leading Nigerian businessman, Tony Elumelu, has […]

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Nigeria's SDG Slump: Poverty and Hunger Loom Large Amid Funding

Nigeria’s SDG Slump: Poverty and Hunger Loom Large Amid Funding Gap

By Ifunanya / August 11, 2024

Nigeria Falls Behind in Achieving Sustainable Development Goals Nigeria is struggling to achieve the United Nations’ 2030 Sustainable Development Goals […]

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Nigeria's CBN Sells $815M to End Users at N1495/Dollar Rate

Nigeria’s CBN Sells $815M to End Users at N1495/Dollar Rate

By Ifunanya / August 10, 2024

Nigeria’s Central Bank Concludes Inaugural Retail Dutch Auction System The Central Bank of Nigeria (CBN) has successfully concluded its inaugural […]

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Tony Elumelu Calls for Government Action on Oil Theft in

Tony Elumelu Calls for Government Action on Oil Theft in Nigeria

By Ifunanya / August 10, 2024

Nigerian Businessman Tony Elumelu Calls for Transparency in Oil Theft Tony Elumelu, a Nigerian businessman, has called on the government […]

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Naira Gains N42.88 Against Dollar Amid CBN's Retail Dutch Auction

Naira Gains N42.88 Against Dollar Amid CBN’s Retail Dutch Auction System

By Ifunanya / August 10, 2024

Naira Gains Strength Against Dollar Amid Central Bank’s New Forex System The Nigerian Naira has made a significant gain against […]

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Kwara State Govt Partners Amo Byng Nig Limited to Boost

Kwara State Govt Partners Amo Byng Nig Limited to Boost Local Soybean Production

By Ifunanya / August 10, 2024

Nigeria Partners with Poultry Feed Producer to Boost Local Soybean Production The Kwara State Government in Nigeria has collaborated with […]

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Naira Surges Against Dollar, Strengthens to N1,574.20 Amid FMDQ Data

Naira Surges Against Dollar, Strengthens to N1,574.20 Amid FMDQ Data

By Ifunanya / August 10, 2024

Naira Makes Strong Gains Against Dollar at Official and Black Markets The Nigerian naira has ended the week on a […]

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NAFDAC Director Inherited ₦3.2bn Debt, ₦500m Unaccounted for Upon Resumption

NAFDAC Director Inherited ₦3.2bn Debt, ₦500m Unaccounted for Upon Resumption

By Ifunanya / August 9, 2024

Nigerian Agency Director Exposes Widespread Debt and Corruption In a shocking revelation, Professor Mojisola Adeyeye, the Director General of the […]

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NNPC Seeks N4.71tr Refund from FG for Unsettled Petrol Debt

NNPC Seeks N4.71tr Refund from FG for Unsettled Petrol Debt

By Ifunanya / August 9, 2024

NNPC Demands N4.71tn Refund from FG to Settle Outstanding Fuel Import Debts The Nigerian National Petroleum Company Limited (NNPC) has […]

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Dangote Refinery blames NUPRC and IOCs for crude oil supply

Dangote Refinery blames NUPRC and IOCs for crude oil supply shortage in Nigeria

By Ifunanya / August 9, 2024

Dangote Refinery Blames Crude Oil Supply Issues on NUPRC and IOCs Aliko Dangote, the President and Chief Executive of Dangote […]

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China Files WTO Appeal Over EU Tariffs on Electric Vehicles

China Files WTO Appeal Over EU Tariffs on Electric Vehicles from China

By Ifunanya / August 9, 2024

China Challenges EU Tariffs on Electric Vehicles at WTO In a move to protect its electric vehicle industry and global […]

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Nigerian National Petroleum Company Wellhead on Fire in Rivers State

NUPRC Seeks Stakeholder Input on Domestic Crude Supply Obligations Regulations Amendment

By Ifunanya / August 9, 2024

Nigeria’s Uphstream Petroleum Regulatory Commission Set to Amend Domestic Crude Supply Regulations The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has […]

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Naira depreciation continues amid EFCC raid on BDCs

Naira Strengthens Against Dollar at Official and Parallel Markets

By Ifunanya / August 9, 2024

Naira Continues its Rise Against the Dollar in Both Official and Parallel Markets In a further indication of economic stability, […]

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Arik Air Operations Resume as Dispute with Atlas Petroleum is

Arik Air Operations Resume as Dispute with Atlas Petroleum is Resolved

By Ifunanya / August 8, 2024

Arik Air’s Planes Lifted Grounding, Operations Resume The Federal Government of Nigeria has lifted the suspension on Arik Air’s operations, […]

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Nigeria's Mass Anguish: Protesters Demand Justice as Economic Woes Deepen

Tinubu Reveals N2tn Monthly Fuel Import Cost, Unveils CNG Plan

By Ifunanya / August 8, 2024

Nigeria Spends N2tn Monthly on Imported Petrol and Diesel, Says President Tinubu President Bola Tinubu has revealed that Nigeria spends […]

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Tomatoes and Pepper Prices Plummet 57% Amid Nigerian Protests

Tomatoes and Pepper Prices Plummet 57% Amid Nigerian Protests

By Ifunanya / August 8, 2024

Prices of Tomatoes and Pepper Plummet Amid Hunger Protests in Nigeria In a surprising turn of events, the prices of […]

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NNPC CEO Denies Involvement in Substandard Fuel Importation, Seeks Live

NNPC CEO Denies Involvement in Substandard Fuel Importation, Seeks Live Telecast of Committee Sessions

By Ifunanya / August 7, 2024

NNPC Chief Executive Denies Role in Substandard Petroleum Product Imports Mele Kyari, the Group Chief Executive Officer (GCEO) of the […]

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CBN Sells $876M to 26 Banks at Cut Off Rate of

CBN Sells $876M to 26 Banks at Cut-Off Rate of N1495 Per Dollar

By Ifunanya / August 7, 2024

Nigeria’s Central Bank Sells $876.26 Million to Banks at Cut-Off Rate of N1495 Per Dollar The Central Bank of Nigeria […]

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Nigeria’s Billionaires: Time to Shift from Conspicuous Consumption to Impactful Philanthropy

By Ifunanya / August 7, 2024

Bloomberg’s Philanthropic Efforts Inspire a Mindset Shift in Nigeria In a groundbreaking move, Bloomberg Philanthropies has announced a transformative $600 […]

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