African Business News

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

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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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NGX Group Plans N10bn Rights Issue to Boost Capital Amid

NGX Group Plans N10bn Rights Issue to Boost Capital Amid Strong Financial Performance

By Ifunanya / April 7, 2024

The Nigerian Exchange Group is gearing up to raise N10 billion in additional capital through a rights issue, as announced […]

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Oyo Osun boundary dispute Adeleke sues for peace

Osun State Governor Urges IBEDC to Address Epileptic Power Supply

By Ifunanya / April 6, 2024

Osun State Governor, Ademola Adeleke, is taking a stand against the ongoing issue of erratic power supply in the state. […]

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Electricity Tariff: NERC instructs DisCos to refund overcharged customers, April 11 

By IDBM Consult / April 6, 2024

April 6, 2024 The Nigerian Electricity Regulatory Commission (NERC) has instructed eleven electricity distribution companies (Discos) to reimburse customers incorrectly […]

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Media mogul, Mo Abudu, joins international Emmys board

By IDBM Consult / April 6, 2024

April 6, 2024 Mo Abudu, the CEO of EbonyLife Media, has been appointed to the board of directors of the […]

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‘I don’t think we belong to any band’: Mixed reactions trail hike in electricity tariff

By IDBM Consult / April 6, 2024

April 6, 2024 Following the recent upward review of electricity tariffs by the Nigeria Electricity Regulatory Commission (NERC), Nigerians have […]

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ABCON Urges CBN to Adjust Exchange Rate Below N1,251 for BDCs

By Ifunanya / April 6, 2024

The Association of Bureau De Change Operators of Nigeria (ABCON) is urging the Central Bank of Nigeria (CBN) to lower […]

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