African Business News

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

84309 house of reps to resolve nigeria cameroon border dispute

House of Representatives Urges CBN to Revoke 0.5% Cybersecurity Levy Directive

By Ifunanya / May 9, 2024

The House of Representatives has called on the Central Bank of Nigeria (CBN) to retract its recent circular instructing banks […]

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110881 chairman of presidential tax reforms committee taiwo oyedele addresses n5bn funds from firs

Presidential Committee Proposes VAT Rate Increase, Revenue-Sharing Review

By Ifunanya / May 9, 2024

The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax (VAT) rate, along […]

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49635 forex scarcity energy costs others hurting manufacturers lcci

LCCI Criticizes CBN’s 0.5% Cyber Security Levy, Calls for Reconsideration

By Ifunanya / May 9, 2024

The Lagos Chamber of Commerce and Industry (LCCI) has voiced its concerns over the Central Bank of Nigeria’s (CBN) directive […]

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Top Forecaster Warns: US Economy Heading for Recession, Stock Market Could Plummet 30%

By Ifunanya / May 8, 2024

Investors should brace themselves for a looming recession that could trigger a significant downturn in the stock market, according to […]

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POS operator

Federal Government Gives Two-Month Deadline for Registration of POS Operators

By Ifunanya / May 7, 2024

The Federal Government, through the Corporate Affairs Commission (CAC), has mandated Point of Sales (POS) companies to register their agents, […]

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CBN reviews timeline for issuance of credit letters amid forex

Central Bank of Nigeria Introduces 0.5% Cybersecurity Levy on Electronic Transactions

By Ifunanya / May 7, 2024

The Central Bank of Nigeria (CBN) has issued a directive instructing all banks to impose a 0.5% cybersecurity levy on […]

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naira

Federal Government Moves to Delist Naira from Crypto Platforms Amid Exchange Rate Concerns

By Ifunanya / May 7, 2024

In response to growing concerns over exchange rate manipulation and dollar racketeering in Nigeria’s crypto market, the Federal Government, through […]

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Labour Ministry Aims Beyond Industrial Disputes to Bolster Economy

By Ifunanya / May 6, 2024

The Federal Ministry of Labour and Employment is stepping up its efforts beyond its traditional role of resolving industrial disputes […]

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Bi-Courtney Aviation Plans Regional Expansion

By Ifunanya / May 6, 2024

During a media parley commemorating the 17th anniversary of Murtala Muhammed Airport Terminal Two (MMA2), Bi-Courtney Aviation Services Ltd., the […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira’s Plummet: N1,401 Per Dollar Sparks Concern Amidst Economic Turmoil

By Ifunanya / May 6, 2024

In recent economic news, the Nigerian Naira has taken a sharp downturn, plummeting to a new low of ₦1,401.464 per […]

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Ikeja Electric Slashes Electricity Tariff for Band A Customers to N206.80/kWh.

By Ifunanya / May 6, 2024

In a surprising turn of events, Ikeja Electric Distribution Company (IE) has announced a significant reduction in the electricity tariff […]

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SON Ogun State Gov

SON and Ogun State Government Collaborate on CNG Standards Implementation

By Ifunanya / May 6, 2024

The Standards Organisation of Nigeria (SON) and the Ogun State government join forces to implement Compressed Natural Gas (CNG) standards […]

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26514 npa boosts tincan ports security

Tincan Island Port Achieves 42% Stakeholder Feedback in Customs’ Time Release Study

By Ifunanya / May 6, 2024

The Tincan Island Port Command of the Nigeria Customs Service (NCS) reports a significant milestone in its Time Release Study […]

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116150 fg vows to bolster mining sectors contribution to nigerias gdp

Federal Government to Review Mining Licence Fees, Seeks Stakeholder Support

By Ifunanya / May 3, 2024

The Federal Government, through the Ministry of Solid Minerals Development, has unveiled plans to revise the rates of mining licences […]

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109687 ndic empowers law enforcement agents and legal practitioners through training

FG (NDIC) Raises Deposit Insurance Coverage

By Henry Orji / May 3, 2024

The Nigerian Government has announced an increase in the Maximum Deposit Insurance Coverage for banks operating in the country, as […]

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Google to give $350,000 to select African startups 

By IDBM Consult / May 1, 2024

May 1, 2024 Google has announced the opening of applications for the 8th cohort of its Google for Startups Accelerator […]

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fuel

Fuel scarcity: Logistic problems addressed, says Reps petroleum committees

By IDBM Consult / May 1, 2024

…Say petrol to flood markets in a day or two May 1, 2024 The House of Representatives Committees on Petroleum […]

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forex

Naira rebounds, gains N28.15 against dollar

By IDBM Consult / May 1, 2024

May 1, 2024 The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 […]

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52544 nans gives multichoice seven days to reverse dstv gotv hike

Multichoice Ignores Court Order, proceeds With DSTV, Gotv subscription Hikes

By Ifunanya / May 1, 2024

Multichoice Nigeria, a popular Pay TV provider, has proceeded with the upward adjustment of its prices for DStv and GOtv […]

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Naira Appreciates In Parallel Market

By Ifunanya / May 1, 2024

The naira on Tuesday, sustained its gain at the parallel market, and for the first time in one week gains […]

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