African Business News

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

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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uba2

UBA well capitalised with over N2tr shareholders’ fund – GMD

By IDBM Consult / April 14, 2024

April 14, 2024 United Bank for Africa (UBA) Plc is very well capitalized with shareholders’ fund in excess of N2 […]

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