African Business News

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

Naira gains against US Dollar at forex market

Naira Depreciates Against The Dollar By 5.8% In April

By Ifunanya / May 1, 2024

The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the […]

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Japan Airlines flight from Dallas to Tokyo is canceled because pilot was ‘too drunk to fly’

By IDBM Consult / April 30, 2024

April 30, 2024 A Japan Airlines flight from Dallas to Tokyo was canceled after the pilot reportedly became ‘too drunk to […]

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Reps order NERC to suspend operation of tariff increase

By IDBM Consult / April 30, 2024

April 30, 2024 The House of Representatives on Tuesday ordered the Nigerian Electricity Regulatory Commission (NERC) to suspend the operation […]

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Fuel scarcity: Civil society demands Mele Kyari’s resignation, gives ultimatum

By IDBM Consult / April 30, 2024

April 30. 2024 Over 200 civil society groups, under the umbrella of the Coalition of Civil Society Groups Against Poverty […]

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binance bossa

Process to extradite fleeing Binance chief Anjarwalla ongoing, says INTERPOL

By IDBM Consult / April 30, 2024

April 30, 2024 The International Criminal Police Organisation (INTERPOL) has said that the fleeing Binance Regional Manager for Africa, Nadeem […]

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fuel

Fuel queues will be cleared by Wednesday — NNPCL

By IDBM Consult / April 30, 2024

April 30, 2024 The Nigerian National Petroleum Company Ltd. (NNPCL) has assured Nigerians that the ongoing fuel scarcity and queues […]

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CBN to increase banks capital base to N907bn Report

CBN Directs OPay, Moniepoint, and Others to Halt Onboarding of New Customers Amidst Investigation

By Ifunanya / April 30, 2024

In a surprising turn of events, the Central Bank of Nigeria (CBN) has directed four major fintech companies, including OPay, […]

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Major takeaways from Tinubu’s meeting with Bill Gates in Saudi Arabia

By IDBM Consult / April 29, 2024

April 29, 2024 President Bola Tinubu on Sunday, April 29, met with Microsoft Founder and Philanthropist, Bill Gates, on the sidelines […]

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financial literacy

Forex crisis: Court permits EFCC to freeze 1, 146 individuals, coys accounts

By IDBM Consult / April 29, 2024

April 29, 2024 AFederal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to […]

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The Islamic Development Bank IsDB

Islamic Development Bank Celebrates 50 Years with Annual Meetings and Golden Jubilee in Riyadh

By Ifunanya / April 28, 2024

The Islamic Development Bank Group (IsDB) is currently holding its 2024 Annual Meetings and Golden Jubilee in Riyadh, Saudi Arabia. […]

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BELLO KOKO

Onne Port Berths Large Vessel with 566 Containers, Signaling Growing Capacity

By Ifunanya / April 28, 2024

Onne, Rivers State, Nigeria – The Nigerian Ports Authority (NPA) at Onne Port Complex is celebrating a milestone with the […]

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tinubu riyadh

Tinubu arrives Riyadh for Special Global Economic Forum

By IDBM Consult / April 26, 2024

April 26, 2024 President Bola Tinubu has arrived in Riyadh, Saudi Arabia to participate in the 2024 Special World Economic Forum (WEF) […]

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gov y bello

American school writes EFCC, seeks to refund $760k of Yahaya Bello’s children fees

By IDBM Consult / April 26, 2024

April 26, 2024 The American International School of Abuja (AISA) has asked the Economic and Financial Crimes Commission (EFCC) to […]

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fuel scarcity 2

Fuel scarcity: NNPC blames logistics problems as fuel queues persist in Abuja, Nasarawa, others

By IDBM Consult / April 26, 2024

… Cautions against panic buying … Motorists, commuters groan … Petrol sells for N730 per litre in Anambra April 26, […]

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naira gains

Naira Continues Downward Slide Against Dollar

By Ifunanya / April 26, 2024

Nigeria – April 26, 2024 – The Nigerian Naira has extended its losing streak against the US Dollar, depreciating in […]

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JUST IN: For sixth consecutive day, Naira crumbles at official market

By IDBM Consult / April 26, 2024

April 26, 2024 For the sixth consecutive day, Nigerian currency Naira continued its fall against the American dollar at the […]

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Uzodimma, Russia meet on mutual business interest in Imo

By IDBM Consult / April 25, 2024

April 25, 2024 The Imo State Governor, Hope Uzodimma, and the Russian Trade Commissioner in Nigeria, Max Petrov, have met to […]

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Petrol scarcity worsens in FCT again, other states

By IDBM Consult / April 25, 2024

…. Product sold at over N700 per litre …Marketers blame shortage in the supply of PMS April 25, 2024 – […]

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Speaker Abbas lauds Tinubu for takeoff of Consumer Credit Scheme

By IDBM Consult / April 24, 2024

April 24, 2024 The Speaker of the House of Representatives, Hon. Abbas Tajudeen, commended President Bola Ahmed Tinubu for approving […]

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Transcorp Hotels unveils plan to sustain market leadership

By IDBM Consult / April 24, 2024

April 24, 2024 Transcorp Hotels Plc at the weekend gave insights into plans by the hospitality and leisure group to sustain […]

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