African Business News

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

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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Egyptian Pound Plunges to 49.16 Against US Dollar Amid Inflation

Egyptian Pound Plunges to 49.16 Against US Dollar Amid Inflation and Fuel Price Hikes

By Ifunanya / August 7, 2024

Egyptian Pound Slides Against Foreign Currencies, Approaching 50 Per US Dollar The Egyptian pound has continued its downward trend, hitting […]

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Nigeria's Food Inflation Crisis: The Shift to Cheaper Substitute Food

Nigeria’s Food Inflation Crisis: The Shift to Cheaper Substitute Food

By Ifunanya / August 7, 2024

Nigerians Turn to Local, Cheaper Food Options Amid High Inflation Subheading: As food prices soar, many Nigerians are embracing traditional, […]

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Nigeria Unveils $500M Domestic Dollar Dominated Bond with $1B Target

Nigeria Unveils $500M Domestic Dollar-Dominated Bond with $1B Target

By Ifunanya / August 7, 2024

Nigeria Unveils $500 Million Domestic Dollar-Dominated Bond The Nigerian government has taken a significant step in its bid to raise […]

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Federal Government Collaborates with ICAC to Revive Cotton/Textile Industry

Federal Government Collaborates with ICAC to Revive Cotton/Textile Industry

By Ifunanya / August 7, 2024

Nigeria’s Cotton/Textile Industry Revival: A New Beginning In a significant move to revitalize the moribund cotton/textile industry, the Federal Government […]

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Nigeria's Central Bank Approves Merger of Providus Bank and Unity

Nigeria’s Central Bank Approves Merger of Providus Bank and Unity Bank

By Ifunanya / August 6, 2024

Nigeria’s Central Bank Approves Merger Between Providus Bank and Unity Bank In a significant move to stabilize the country’s financial […]

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National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

By Ifunanya / August 6, 2024

Nigeria’s National Grid Not Collapsed, Says Transmission Company In a statement released on Tuesday, the Transmission Company of Nigeria (TCN) […]

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Aramco's Profit Drops 3.4% as Oil Volumes Sold Fall and

Aramco’s Profit Drops 3.4% as Oil Volumes Sold Fall and Refining Margins Weaken

By Ifunanya / August 6, 2024

Saudi Oil Giant Aramco Reports Slight Drop in Net Profit Saudi oil giant Aramco, the jewel of the Saudi economy, […]

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Fintava Partners with Bizipay to Boost Financial Inclusion in Jigawa

Fintava Partners with Bizipay to Boost Financial Inclusion in Jigawa State

By Ifunanya / August 6, 2024

Fintech Firm Fintava Partners with Bizipay to Expand Financial Access in Jigawa State A significant milestone has been achieved in […]

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Naira Reaches New High Against Dollar Despite Ongoing Hunger Protests

By Ifunanya / August 6, 2024

Naira Makes Gains Against Dollar Despite Ongoing Hunger Protests In a surprising turn of events, the Nigerian naira has recorded […]

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Rivers State Governor Signs Order to Boost Investment and Economic

Rivers State Governor Signs Order to Boost Investment and Economic Growth

By Ifunanya / August 5, 2024

Rivers State Establishes Investment Promotion Council to Spur Economic Growth Nigeria’s Rivers State Governor, Siminalayi Fubara, took a significant step […]

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Nigeria's NGX Receives SEC Approval for Impact Board to Boost

Global Stocks Crash: NGX, Europe, and Asia Suffer Heavy Losses

By Ifunanya / August 5, 2024

Global Stock Market Crash Hits Nigeria and Japan Hard Nigeria’s equities market took a significant hit on Monday, with the […]

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Federal Court Annuls Sale of Nigeria Air to Ethiopian Airlines

Federal Court Annuls Sale of Nigeria Air to Ethiopian Airlines

By Ifunanya / August 5, 2024

Nigeria’s Ambitious National Carrier Plan Hits Turbulence as Court Throws Out Sale to Ethiopian Airlines The Nigerian government’s plan to […]

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Nigeria Raises Import Duty Exchange Rate to N1618.73 Amid Forex

Nigeria Raises Import Duty Exchange Rate to N1618.73 Amid Forex Fluctuations

By Ifunanya / August 5, 2024

Nigeria’s Central Bank Raises Import Duty Exchange Rate Amid Currency Fluctuations The Central Bank of Nigeria (CBN) has increased the […]

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Nigeria's Economy Boasts ₦9.1tn Revenue, ₦570bn Livelihood Support, and Debt

Nigeria’s Economy Boasts ₦9.1tn Revenue, ₦570bn Livelihood Support, and Debt Reduction

By Ifunanya / August 5, 2024

Nigeria Boosts Fiscal Revenue, Releases ₦570bn to States In response to widespread calls against hunger and hardship in the country, […]

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Nigeria's Public Debt to Hit N130tn, Raising Concerns about Debt to GDP

Nigeria’s Public Debt to Hit N130tn, Raising Concerns about Debt-to-GDP Ratio

By Ifunanya / August 5, 2024

Nigeria’s Public Debt Stock Projected to Hit N130tn, Raising Concerns About Debt-to-GDP Ratio Nigeria’s public debt stock is expected to […]

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Tinubu Launches Revival Plan for Oil and Gas Industry to

Tinubu Launches Revival Plan for Oil and Gas Industry to Tame High Cost, Inflation

By Ifunanya / August 4, 2024

Nigeria’s Oil Sector Revamp: President Tinubu’s Plan to Boost Economy In a bid to revitalize the nation’s oil sector, Nigerian […]

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Boost Risk Management Efficiency with AI and Blockchain for Small

Boost Risk Management Efficiency with AI and Blockchain for Small Business Advantage

By Ifunanya / August 4, 2024

Small Businesses Can Now Breathe a Sigh of Relief with AI and Blockchain In today’s fast-paced and ever-changing business environment, […]

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Nigeria's Fuel Queue: Experts Warn Against Rushed Refinery Shut Down

Nigeria’s Fuel Queue: Experts Warn Against Rushed Refinery Shut Down

By Ifunanya / August 4, 2024

Nigeria’s Fuel Import Dilemma: Experts Advise Against Sudden Stoppage A heated debate has emerged in Nigeria’s oil and gas sector […]

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Nigerian National Petroleum Company Wellhead on Fire in Rivers State

Nigerian National Petroleum Company Wellhead on Fire in Rivers State

By Ifunanya / August 3, 2024

Fire Reported at Akaso 4 Wellhead in Nigeria’s Rivers State A devastating fire has broken out at the Akaso 4 […]

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