African Business News

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

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Niger Revokes Orano’s Uranium Mine Licence Amidst Junta-France Tensions

By Ifunanya / June 21, 2024

Niger’s military government has revoked the operating licence of French nuclear fuel producer Orano at the Imouraren uranium mine, one […]

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Bilateral trade between Philippines, Nigeria surpasses $100m – Ambassador Mellejor

By Ifunanya / June 20, 2024

The Philippine ambassador to Nigeria, Meresole Mellejor, said bilateral trade between Nigeria and his country has surpassed more than a […]

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Nigeria Announces 17 Additional Deep Offshore Oil Blocks for 2024 Licensing Round

By Ifunanya / June 19, 2024

The Nigerian Federal Government has unveiled 17 additional deep offshore oil blocks for the 2024 Licensing Round, expanding opportunities for […]

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52544 nans gives multichoice seven days to reverse dstv gotv hike

MultiChoice Faces Tribunal Order, Reports Subscriber Losses in Nigeria Amid Price Rollbacks

By Ifunanya / June 17, 2024

MultiChoice, the parent company of GOtv, is grappling with significant challenges in Nigeria, including a sharp decline in its subscriber […]

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89667 customs boss re assures commitment to presidential directives on border closure

Nigerian Customs intercepted N4bn worth of drugs from Canada, and India in one month

By Ifunanya / June 15, 2024

The Nigeria Customs Service has said it has intercepted various hard drugs worth N4.1bn coming from Canada and India within […]

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Federal High Court Discharges Binance Officials in Tax Evasion Case

By Ifunanya / June 14, 2024

In a significant legal development, the Federal High Court in Abuja has dismissed tax evasion charges against Tigran Gambaryan and […]

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Africas Economic Growth Projections World Bank Forecasts 34 Growth in

Nigeria Seeks $500 Million World Bank Loan to Boost Rural Roads and Tackle Food Price Hikes

By Ifunanya / June 14, 2024

The Nigerian federal government is seeking a $500 million loan from the World Bank to fix rural roads, improve access […]

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52544 nans gives multichoice seven days to reverse dstv gotv hike

Multichoice Blames Nigeria’s Economic Challenges for DStv Subscriber Decline

By Ifunanya / June 13, 2024

Multichoice Group, the African Pay-TV operator, has reported a significant decline in DStv subscribers, attributing this downturn to Nigeria’s ongoing […]

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Dangote investors gain N514bn after refinery takeoff

Dangote Group Pays $2.4 Billion of $5.5 Billion Loan for $19 Billion Refinery

By Ifunanya / June 13, 2024

The Chairman of Dangote Group, Aliko Dangote, has revealed that the company has paid off $2.4 billion out of the […]

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Nigeria’s May Crude Oil Production Declines to 1.25 Million bpd: OPEC

By Ifunanya / June 13, 2024

Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded […]

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Eid Al-Adha Approaches Amid Rising Sheep Prices and Drought Challenges in Morocco

By Ifunanya / June 13, 2024

As Eid Al-Adha nears, many Moroccans are preparing to partake in the traditional animal sacrifice that marks the celebration. However, […]

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CBN Governor Yemi Cardoso

Central Bank of Nigeria Reassures Public Amidst Banking Concerns

By Ifunanya / June 11, 2024

The Central Bank of Nigeria (CBN) has once again affirmed the safety of deposits and the resilience of the banking […]

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Global Governance Actors Gather in Morocco for Paris Peace Forum Spring Meeting

By Ifunanya / June 11, 2024

Global governance actors convened at the Mohamed VI Polytechnic University in Benguerir, Morocco, for the Spring Meeting of the Paris […]

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BRICS Ministers

Russian Foreign Minister Sergey Lavrov Engages in Bilateral Talks at BRICS Foreign Ministers’ Summit

By Ifunanya / June 11, 2024

Russian Foreign Minister Sergey Lavrov held bilateral talks with his counterparts from Brazil, South Africa, Iran, Laos, Thailand, and Ethiopia […]

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Naira free fall Finance Minister CBN governor EFCC chairman meet

Currency in Circulation Hits N3.97tn in May

By Ifunanya / June 10, 2024

The currency’s value in circulation has risen to N3.97tn at the end of May, representing an all-time high and a […]

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Customs pledges to accelerate war against smuggling of Nigerias grains

Depreciation of Naira Boosts Nigeria’s Exports to Neighbouring Countries

By Ifunanya / June 10, 2024

The Customs Area Controller of Seme Command, Timi Bomodi, highlighted on Sunday the positive impact of the depreciation of the […]

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Schengen Visa Fee for Nigerians and African Nationals Increases to £90

By Ifunanya / June 10, 2024

Nigerians and other African nationals seeking a Schengen Visa to enter the European Union will now have to pay an […]

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88 of workers self employed says NBS report

Nigeria’s Foreign Trade Surges to N31.810.56 Billion in Q1 2024

By Ifunanya / June 10, 2024

Nigeria’s foreign trade, comprising imports and exports, reached N31.810.56 billion in the first quarter of 2024, according to the latest […]

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Crude Oil Exports Dominated Nigeria’s Trade in Q1 2024

By Ifunanya / June 10, 2024

Crude oil exports accounted for 80.80 percent of Nigeria’s export figure in the first quarter of 2024, according to the […]

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IMF Predicts Nigerian Economy to Reach $1.85 Trillion by 2029

By Ifunanya / June 7, 2024

The Nigerian economy is projected to expand significantly, reaching $1.85 trillion by 2029 in Purchasing Power Parity (PPP) terms, according […]

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