African Business News

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

pipelines

Oil pipeline: Contractors doing great job to protect national assets – Forum 

By IDBM Consult / April 16, 2024

April 16, 2024 The Middle-Belt Pan Nigerian Forum has appealed to President Bola Tinubu, urging him to disregard the baseless calls […]

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DisCos need N2trn capital investment to improve power supply in

National Single Window Steering Committee: Revolutionizing Nigeria’s Trade Efficiency

By Ifunanya / April 16, 2024

The Nigerian government has recently unveiled a groundbreaking policy aimed at tackling inefficiencies in the country’s import and export sector, […]

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Why theres a drop in Nigerias power supply TCN

SEECA Condemns 300% Tariff Increase, Demands Free Prepaid Meters

By Ifunanya / April 16, 2024

The South-East Electricity Consumers Association (SEECA) has strongly criticized the recent 300% tariff hike announced by the Federal Government. In […]

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bread

Why bread costs more – Bakers

By IDBM Consult / April 16, 2024

April 16, 2024 The Premium Bread Makers Association of Nigeria (PBAN) has revealed the reasons behind the growing cost of bread, which […]

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Primate Ayodele Urges Tinubu to Address Economic Hardship for Nigerias

Primate Ayodele Urges Tinubu to Address Economic Hardship for Nigeria’s Future

By Ifunanya / April 16, 2024

Primate Elijah Ayodele, the esteemed leader of the INRI Evangelical Church, has recently offered some insightful advice to President Bola […]

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Food inflation rises to 3284 in Nigeria NBS

Nigeria Inflation Surges to 33.20% Despite Naira Gains: Prices of Goods Soar

By Ifunanya / April 16, 2024

Despite the recent strengthening of the Naira against the Dollar in Nigeria’s foreign exchange market, the prices of goods and […]

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Nigerians Saving in Dollars Due to Lack of Faith in

Nigerians Saving in Dollars Due to Lack of Faith in Naira, Minister of Finance Reveals

By Ifunanya / April 16, 2024

Nigerians are turning to saving in dollars as they have lost faith in the Naira, according to Finance Minister Wale […]

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Food inflation rises to 3284 in Nigeria NBS

High Cost of Diesel Driving Up Prices of Goods in Nigeria: Manufacturers Association Chief

By Ifunanya / April 15, 2024

Nigerian manufacturers have pointed to the high cost of diesel as the primary reason for the soaring prices of goods […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira Appreciates to N1000 Per Dollar, Expected to Drop Further: BDC Operator

By Ifunanya / April 15, 2024

The Nigerian Naira saw a significant boost in value as it appreciated to N1000 per US dollar at the start […]

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naira

Naira sustains rally across markets

By IDBM Consult / April 15, 2024

April 15, 2024 The naira has strengthened further across the foreign exchange (forex) markets amid expectations that the national currency […]

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national ID card

Seven facts about proposed new multipurpose national ID card

By IDBM Consult / April 15, 2024

April 15, 2024 The Federal Government through the National Identity Management Commission (NIMC) has revealed seven facts about the newly […]

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meter

Simple ways to check your electricity tariff Band

By IDBM Consult / April 15, 2024

April 15, 2024 The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, April 3 approved a sharp increase in electricity tariffs […]

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remo on naira

Naira’s fate is in our hands, Reno Omokri tells Nigerians

By IDBM Consult / April 15, 2024

April 15, 2024 The Naira made a steady recovery against the dollar in April, with the Nigerian currency trading at […]

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March 2024 Inflation Report Nigerias Headline Inflation Rate Jumps to

March 2024 Inflation Report: Nigeria’s Headline Inflation Rate Jumps to 33.20%

By Ifunanya / April 15, 2024

Nigeria’s Inflation Rate Climbs to 33.20% in March 2024 The National Bureau of Statistics has recently revealed that Nigeria’s headline […]

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nerc 1

Another power system collapse paralyses economic activities in South East

By IDBM Consult / April 15, 2024

April 15, 2024 The Enugu Electricity Distribution Company (EEDC) says that another system collapse have led to loss of electricity supply in […]

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Kerosene consumers experienced unprecedented price hike in 2023 NBS

Nigeria’s Food Inflation Surges to 40.01% Annually, Driven by Price Hikes in Staple Foods

By Ifunanya / April 15, 2024

Nigeria is currently facing a significant challenge as food inflation has skyrocketed to 40.01 per cent annually, marking a 15-point […]

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CBN’s Cashless Drive Boosts Electronic Banking Revenue for Top Nigerian Banks

By Ifunanya / April 15, 2024

The digital revolution in Nigeria’s banking sector is gaining momentum, with a significant increase in electronic banking revenue reported by […]

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BREAKING Nigerias inflation rate hits 2990 in January amid rising

NBS Inflation Report: February Figures Rise to 31.70%, Food Inflation Soars to 37.92%

By Ifunanya / April 15, 2024

The National Bureau of Statistics is gearing up to reveal the latest inflation data on Monday, March 15, 2024. This […]

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Reviewing the Petroleum Industry Act Akwa Ibom Oil Producing Communities

Reviewing the Petroleum Industry Act: Akwa Ibom Oil Producing Communities Demand Justice for Environmental Pollution

By Ifunanya / April 15, 2024

Dr. Ufot Phenson, an environmental activist and President General of the Akwa Ibom Oil Producing Community Development Network, has raised […]

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Federal Government Appeals to NUEE Over Electricity Tariff Hike

Federal Government Appeals to NUEE Over Electricity Tariff Hike

By Ifunanya / April 15, 2024

The Federal Government is urging members of the National Union of Electricity Employees not to go on strike in response […]

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