African Business News

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

Nigeria Imposes $220M Fine on Meta for Data Breaches and

Nigeria Imposes $220M Fine on Meta for Data Breaches and Rights Violations

By Ifunanya / July 19, 2024

Nigeria Fines Meta $220 Million for Data Breaches and Consumer Rights Violations In a major blow to social media giant […]

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CBN Sells $110.81 Million to BDCs Amid Naira Defense Efforts

CBN Sells $110.81 Million to BDCs Amid Naira Defense Efforts

By Ifunanya / July 19, 2024

Nigeria’s Central Bank Sold $110 Million in Foreign Currencies to Bureau De Change Operators The Central Bank of Nigeria (CBN) […]

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Kenya Airways Hit by Global IT Outage, Grounds Flights

By Ifunanya / July 19, 2024

Global IT Outage Brings Chaos to Airlines, Media, and Banks A widespread IT outage has brought chaos to the world, […]

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TCN Issues 5 Day Disconnection Notice to AEDC Over Non Compliance

TCN Issues 5-Day Disconnection Notice to AEDC Over Non-Compliance

By Ifunanya / July 19, 2024

Darkness Looms in Abuja and Surrounding States as TCN Issues Disconnection Notice to AEDC The Transmission Company of Nigeria (TCN) […]

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Nigeria's External Reserves Surge to $35.77 Billion, Defying CBN's 2024

Nigeria’s External Reserves Surge to $35.77 Billion, Defying CBN’s 2024 Forecast

By Ifunanya / July 19, 2024

Nigeria’s External Reserves Surpass $35 Billion Mark The Central Bank of Nigeria (CBN) has announced a significant increase in the […]

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Kenya’s Shilling Slumps Amid Protests and Moody’s Downgrade

By Ifunanya / July 19, 2024

Kenyan Shilling Slips Against Global Currencies Amid Ongoing Protests and Downgraded Credit Rating The Kenyan shilling has taken a hit […]

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NMDPRA Warns of Inferior Petroleum Quality from Dangote Refinery and

NMDPRA Warns of Inferior Petroleum Quality from Dangote Refinery and Modular Refineries

By Ifunanya / July 19, 2024

Nigerian Refinery Quality a Concern: Regulator Rejects Dependence on Dangote In a recent interview with journalists, Farouk Ahmed, Chief Executive […]

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Naira Appreciates Against Dollar at Official and Parallel Markets

Naira Appreciates Significantly Amid Tinubu’s N70,000 Minimum Wage Increase

By Ifunanya / July 18, 2024

Naira Appreciates Against US Dollar Amid New Minimum Wage Increase In a surprising turn of events, the Nigerian naira has […]

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Innovating Through Resilience: CEO Forum Highlights Tech’s Transformative Power

By Ifunanya / July 18, 2024

Nigerian Businesses Must Embrace Innovation and Resilience to Thrive in Challenging Economy At the recent BusinessDay CEO Forum, Chukwuma Nwanze, […]

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Nigeria to Impose 50% Tax on Bank Profits from Foreign

Nigeria to Impose 50% Tax on Bank Profits from Foreign Exchange Revaluation

By Ifunanya / July 18, 2024

Nigerian Government Plans 50 Percent Tax on Bank Profits for Minimum Wage Increase As Nigerian President Bola Tinubu submits proposed […]

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Nigeria Loses $50 Billion Annually to Illegal Financial Outflows

Nigeria Loses $50 Billion Annually to Illegal Financial Outflows

By Ifunanya / July 18, 2024

Africa Loses $50 Billion Annually to Illegal Financial Outflows A shocking revelation has been made by the Nigerian Shippers’ Council, […]

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Nigerian Education Loan Fund to Disburse N35 Billion to 110,000

Nigerian Education Loan Fund to Disburse N35 Billion to 110,000 Students

By Ifunanya / July 18, 2024

Nigerian Education Loan Fund to Disburse Student Loans to 110,000 Beneficiaries The Nigerian Education Loan Fund (NELFUND) has announced that […]

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Petrol price hike: Nigeria's landing cost jumps to N1,117/litre despite

Petrol price hike: Nigeria’s landing cost jumps to N1,117/litre despite pump price variance

By Ifunanya / July 18, 2024

Petrol Price Hike: Nigerian Marketers Reveal Shocking Landing Cost A recent announcement by the Major Energies Marketers Association of Nigeria […]

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Flutterwave Ranked Among Top 250 Fintech Companies Worldwide by CNBC

Flutterwave Ranked Among Top 250 Fintech Companies Worldwide by CNBC

By Ifunanya / July 17, 2024

Flutterwave Named Among Top 250 Fintech Companies in the World In a significant recognition, Flutterwave, a leading payments technology firm, […]

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Tinubu Seeks N6.2 Trillion Budget Increase for Infrastructure and Recurrent Expenditure

By Ifunanya / July 17, 2024

Nigeria’s President Seeks Massive Budget Increase to Fund Infrastructure and Recurrent Expenditure In a move that could have far-reaching implications […]

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NSCDC Team Up with EEDC to Halt Vandalism in Abia

NSCDC Team Up with EEDC to Halt Vandalism in Abia State

By Ifunanya / July 17, 2024

Electricity Distribution Company Seeks Help from Nigerian Security Corps to End Vandalism In a bid to put an end to […]

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Zimbabwe’s New Currency in Crisis: Scarcity and Lack of Confidence Surrounds ZiG

By Ifunanya / July 17, 2024

Zimbabwe’s New Currency Faces Scarcity and Lack of Confidence The Zimbabwe Gold (ZiG) currency, introduced by the central bank on […]

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Tinubu’s Love for Nigerians Amid Economic Hardship

By Ifunanya / July 17, 2024

Nigerian First Lady Assures Country is in Good Hands Despite Economic Hardship In a bold statement, Nigeria’s First Lady, Oluremi […]

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Nigeria's Senate Committee Demands Speed Up on $2.8 Billion Ajaokuta Kaduna Kano

Nigeria’s Senate Committee Demands Speed Up on $2.8 Billion Ajaokuta-Kaduna-Kano Gas Pipeline Project

By Ifunanya / July 17, 2024

Nigerian Senate Committee Slams Delay in $2.8 Billion Gas Pipeline Project The Nigerian Senate Committee on Local Contents has expressed […]

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Tinubu Orders Joint Military Operation to Tackle Oil Theft and

Tinubu Orders Joint Military Operation to Tackle Oil Theft and Vandalism in Niger Delta Region

By Ifunanya / July 16, 2024

Nigeria’s President Orders Defense Chief to Curb Oil Theft and Vandalism in Niger Delta In a bold move to address […]

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