African Business News

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

fuel scarcity 2

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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telecom

‘Economic challenges threaten telecom sector’

By IDBM Consult / April 24, 2024

April 24, 2024 The Chairman, Technology Committee, Nigerian Bar Association (NBA) Section on Business Law, Effiong Ikemesit, has raised concerns about the […]

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opobo berger

FG gives give-or-take condition to Julius Berger on Bodo-Bonny road

By IDBM Consult / April 24, 2024

April 24, 2024 The Federal Government has set a deadline for Julius Berger Nigeria, the contractor in charge of the […]

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DSTV

DSTV Price Hike Shocks Nigerians: 26% Increase Ignites Outrage

By Henry Orji / April 24, 2024

Multichoice Nigeria is facing subscriber fury after announcing a whopping 26% price hike for DStv and GOtv packages, effective May […]

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cbn dollars

JUST IN: CBN Injects fresh Dollars into BDCs at N1,021/$1

By IDBM Consult / April 23, 2024

April 23, 2024 The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) […]

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BREAKING: Dangote further crashes diesel, aviation fuel to N940, N980

By IDBM Consult / April 23, 2024

April 23, 2024 Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation fuel […]

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disco

FG to resell DisCos under banks, AMCON in three months

By IDBM Consult / April 22, 2024

…TCN blames outage on gas constraint April 22, 2024 The federal government on Monday, April 22, vowed to sell off […]

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food crisis

Food crisis likely between June and October, says Meteorologists

By IDBM Consult / April 22, 2024

April 22, 2024 Weather experts have warned that over 50 million people in West Africa and the Sahel region may […]

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ifm meet

Nigeria’s economic resilience shines at World Bank, IMF Meetings

By IDBM Consult / April 22, 2024

April 22, 2024 The 2024 Spring Meetings, held amidst a backdrop of persistent inflation and geopolitical tensions, underscored Nigeria’s ascent […]

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ATSSSAN Threatens Aviation Operations Over 50 Revenue Deduction

ATSSSAN Threatens Aviation Operations Over 50% Revenue Deduction

By Ifunanya / April 21, 2024

The Air Transport Service Senior Staff Association of Nigeria (ATSSSAN) is on the brink of taking drastic action that could […]

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Nigeria to Generate $4 Billion Annually from Crude Oil Trading on Lagos Commodities Exchange

By Ifunanya / April 21, 2024

The Lagos Commodities and Futures Exchange is making bold predictions for Nigeria’s economic future, estimating that the country could generate […]

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KACRAN Urges President Tinubu to Boost NEDC Budget for Post Insurgency

KACRAN Urges President Tinubu to Boost NEDC Budget for Post-Insurgency Recovery

By Ifunanya / April 20, 2024

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) is urging President Bola Ahmed Tinubu to boost the annual budget […]

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Average price of cooking gas increases by 870 annually

Cooking Gas Prices Surge: NBS Reports 7.10% Increase in March 2024

By Ifunanya / April 20, 2024

The National Bureau of Statistics (NBS) has reported a significant increase in the average price of cooking gas in Nigeria. […]

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COP28 NNPCL signs two LNG deals

NNPCL and First E&P Commence Oil Production at Madu Field, Bayelsa State

By Ifunanya / April 19, 2024

The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner, First Exploration and Petroleum Development Company Limited (First […]

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Elon Musk Warns Against Engagement Farming on Micro Blogging Site

Elon Musk Warns Against Engagement Farming on Micro-Blogging Site

By Ifunanya / April 19, 2024

Elon Musk, the owner of the popular micro-blogging site X, has issued a stern warning to users engaging in what […]

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Nigerian Government Issues N8 Trillion in Treasury Bills to Boost

Nigerian Government Issues N8 Trillion in Treasury Bills to Boost Economy

By Ifunanya / April 19, 2024

The Nigerian Government has taken a significant step towards stabilizing and boosting the economy by issuing N8 trillion in government […]

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Middle East Tensions Drive Brent Crude Price to 9054 WTI

Middle East Tensions Drive Brent Crude Price to $90.54, WTI at $86.09

By Ifunanya / April 19, 2024

The global oil market is in turmoil as tensions between Israel and Iran continue to escalate, with the price of […]

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Without a tariff increase, Nigeria will need N3.2 trillion to subsidise electricity in 2024, says NERC

By IDBM Consult / April 18, 2024

April 18, 2024 The chairman of the Nigeria Electricity Regulatory Commission (NERC), Sanusi Garba, said on Thursday, April 18, that the Nigerian […]

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