African Business News

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

Why theres a drop in Nigerias power supply TCN

NSE Urges NERC to Impose Sanctions on DisCos for Failing Service Delivery

By Ifunanya / April 9, 2024

The Nigerian Society of Engineers (NSE) is calling for strict penalties to be imposed on Electricity Distribution Companies (DisCos) that […]

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Africas Economic Growth Projections World Bank Forecasts 34 Growth in

Addressing Inequality in Sub-Saharan Africa: World Bank’s Call for Policy Action

By Ifunanya / April 9, 2024

The World Bank has recently highlighted the persistent issue of inequality in Sub-Saharan Africa, ranking it as one of the […]

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Africas Economic Growth Projections World Bank Forecasts 34 Growth in

Africa’s Economic Growth Projections: World Bank Forecasts 3.4% Growth in 2024 and 3.8% in 2025

By Ifunanya / April 9, 2024

The World Bank has forecasted a positive outlook for Nigeria and other African economies, with growth expected to reach 3.4 […]

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PDP Urges Tinubu to Investigate Alleged Budget Insertion Scandal

Nigerians Suffer as Electricity Tariff Hike Worsens Hardship

By Ifunanya / April 9, 2024

President Bola Ahmed Tinubu has remained silent as Nigerians face a 240 per cent increase in electricity tariffs, adding to […]

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EFCC Warns Against Dollar Transactions in Nigeria, Threatens Jail for Offenders

By Ifunanya / April 9, 2024

The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to businesses in Nigeria, including schools, supermarkets, hotels, […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

By Ifunanya / April 8, 2024

The Nigerian naira has been on a winning streak against the US dollar, with the Central Bank of Nigeria stepping […]

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Customs generates N45.23bn from Lagos airport in 2024 Q1

By IDBM Consult / April 8, 2024

Seizes donkey genitals, live ammunition, others April 8, 2024 The Muritala Muhammed Airport Command (MMA), Lagos, of the Muritala Muhammed […]

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CBN Prohibits Foreign Currency Collaterals for Naira Loans in Nigerian Banks

By Ifunanya / April 8, 2024

The Central Bank of Nigeria (CBN) has made a significant move to strengthen the Naira by prohibiting the use of […]

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Emirates Airline to Resume Operations in Nigeria by June 2024

Emirates Airline to Resume Operations in Nigeria by June 2024: Minister Keyamo

By Ifunanya / April 8, 2024

Emirates Airline Set to Resume Operations in Nigeria by June 2024 The Minister of Aviation and Aerospace Development, Festus Keyamo, […]

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UAE airline set to resume Nigeria flights soon — Keyamo

By IDBM Consult / April 8, 2024

April 8, 2024 The numerous visits paid to the United. Arab Emirates government by President Bola Ahmed Tinubu to get […]

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NICO urges movie makers to uphold cultural ethics in filmmaking

By IDBM Consult / April 8, 2024

April 8, 2024 National Institute for Cultural Orientation (NICO) has called on movie producers in Nigeria to emphasise the use […]

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Vivendis Canal Offers 29 Billion to Acquire MultiChoice Expanding Reach

Vivendi’s Canal+ Offers $2.9 Billion to Acquire MultiChoice, Expanding Reach in Africa’s Media Market

By Ifunanya / April 8, 2024

French media giant Canal+, owned by Vivendi, has made a bold move in the African media market by offering a […]

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Nigeria Secures 105bn Oil Backed Syndicated Loan for Economic Revival

Nigeria Secures $1.05bn Oil-Backed Syndicated Loan for Economic Revival

By Ifunanya / April 8, 2024

Nigeria is on the brink of a major financial boost, as the country is set to receive a $1.05 billion […]

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Emirates to Resume Flights with Nigeria Following Diplomatic Efforts

Emirates to Resume Flights with Nigeria Following Diplomatic Efforts

By Ifunanya / April 8, 2024

Emirates Airlines, based in the United Arab Emirates (UAE), is set to resume flights to Nigeria after a period of […]

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Tinubu Media Support Group Defends Electricity Subsidy Removal for Majority

Tinubu Media Support Group Defends Electricity Subsidy Removal for Majority

By Ifunanya / April 8, 2024

The Tinubu Media Support Group (TMSG) has spoken out against the recent public outcry regarding the removal of electricity subsidies […]

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CBN Circular Boosts NAFEM Activity and Nairas Gains Expert Analysis

CBN Circular Boosts NAFEM Activity and Naira’s Gains: Expert Analysis

By Ifunanya / April 8, 2024

Finance and Business Transformation expert, Prof Adegbemi Onakoya, has highlighted the positive impact of the Central Bank of Nigeria’s recent […]

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Financial Expert Urges Central Bank of Nigeria to Sell Naira

Financial Expert Urges Central Bank of Nigeria to Sell Naira at N1000 to USD

By Ifunanya / April 8, 2024

Financial expert Kalu Aja has proposed a bold solution to the Central Bank of Nigeria, suggesting that the Naira should […]

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Promoting Fairness Mandating Metering for Unmetered Band A Customers

Promoting Fairness: Mandating Metering for Unmetered Band A Customers

By Ifunanya / April 8, 2024

The Federal Competition and Consumer Protection Commission is pushing for a major change in Nigeria’s electricity sector, calling on the […]

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FCCPC Urges Metering of Electricity Customers to Prevent Dissatisfaction

By Ifunanya / April 7, 2024

The Federal Competition and Consumer Protection Commission (FCCPC) has raised concerns about the recent tariff hike implemented by electricity distribution […]

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CIBN Achieves 63.60% Revenue Growth, Hits N1.37 Billion in 2023

By Ifunanya / April 7, 2024

The Chartered Institute of Bankers of Nigeria (CIBN) has reported a remarkable 63.60% increase in operating revenue, reaching N1.37 billion […]

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