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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PETAN to support Nigeria’s oil, gas production growth

By IDBM Consult / April 6, 2024

April 6, 2024 The Petroleum Technology Association of Nigeria (PETAN) has promised to support the efforts of the Bola Tinubu-led […]

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NERC Issues New Directives to Discos Following Tariff Hike

NERC Issues New Directives to Discos Following Tariff Hike

By Ifunanya / April 6, 2024

The Nigerian Electricity Regulatory Commission (NERC) has recently issued five new directives to electricity distribution companies in response to the […]

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Nigerian Government Launches AfriGO National ID Card with Payment Functionality

By Ifunanya / April 6, 2024

The Nigerian Federal Government, in partnership with the National Identity Management Commission (NIMC), the Central Bank of Nigeria (CBN), and […]

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West Africa Gateway International Trade Fair Business Connection Investment

West Africa Gateway International Trade Fair: Business Connection & Investment

By Ifunanya / April 6, 2024

Foreign companies from across West Africa are gearing up for the highly anticipated Gateway International Trade Fair, set to take […]

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Naira records first gain in 2024 against US dollar at

Naira Gains 21.9% Against US Dollar in One Month, Hits N1251.05 – FMDQ Data

By Ifunanya / April 6, 2024

In the past month, the Nigerian Naira has seen a significant appreciation against the US Dollar, with the exchange rate […]

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Federal Government Empowers Farmers in Abia Kebbi and Yobe with

Federal Government Empowers Farmers in Abia, Kebbi, and Yobe with Agricultural Inputs

By Ifunanya / April 6, 2024

The Federal Government recently made a significant announcement regarding the distribution of agricultural inputs to farmers in Abia, Kebbi, and […]

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Why electricity supply dropped nationwide Power Minister Adelabu explains

Nigerian Minister of Power Defends Decision to Reduce Electricity Subsidy

By Ifunanya / April 5, 2024

Minister of Power, Adebayo Adelabu, has made a bold statement regarding the recent electricity tariff hike in Nigeria. During a […]

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Economic Recovery in Nigeria Dangote and Onyema Leading the Way

Economic Recovery in Nigeria: Dangote and Onyema Leading the Way

By Ifunanya / April 5, 2024

Renowned Nigerian legal expert and former chairman of the Nigerian Bar Association, Olisa Agbakoba, SAN, has recently shared his insights […]

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President Tinubu Closes Investigation into CBN Operations by Special Investigator

President Tinubu Closes Investigation into CBN Operations by Special Investigator Jim Obazee

By Ifunanya / April 5, 2024

President Bola Ahmed Tinubu has officially brought an end to the investigation led by Jim Obazee into the operations of […]

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ogun film village

Abiola Makinde lays foundation for movie village in Ondo

By IDBM Consult / April 5, 2024

April 5, 2024 In a bid to support the entertainment industry and boost the economy of Ondo State, lawmaker representing […]

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NGX records bearish trading as ASI declines by 033 per

NGX Market Capitalization Drops by N252 Billion, All-Share Index Falls 0.43%

By Ifunanya / April 5, 2024

The Nigerian Exchange Limited, NGX, experienced a significant downturn in the stock market on Thursday, resulting in a loss of […]

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Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

Abuja Electricity Distribution Company Faces Backlash Over New Electricity Tariff Hike

By Ifunanya / April 5, 2024

Abuja Electricity Distribution Company recently implemented a new electricity tariff that has left customers feeling uneasy. The Nigerian Electricity Regulatory […]

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CBN Sells N676.65 Billion in OMO Bills at 21% Interest Rate

By Ifunanya / April 5, 2024

The Central Bank of Nigeria (CBN) recently conducted an Open Market Operation (OMO) auction, selling a total of N676.65 billion […]

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Arik Air Clarifies Port Harcourt Airport Incident Due to Weather

Arik Air Clarifies Port Harcourt Airport Incident Due to Weather

By Ifunanya / April 5, 2024

Arik Air Clarifies Stranded Passengers Incident at Port Harcourt Airport Arik Air has addressed the recent incident that left passengers […]

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Naira Continues Appreciation Against US Dollar Despite Drop in FX Turnover

By Ifunanya / April 4, 2024

The Nigerian naira continues to strengthen against the US dollar, defying expectations as foreign exchange turnover transactions at the FX […]

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binance court 1

Binance: Whistleblowers cry out over threat to life, seek FG’s protection

By IDBM Consult / April 4, 2024

April 4, 2024 Whistleblowers whose petition led to the summon, detention and ongoing trial of executive of Binance Holdings Limited have raised […]

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nerc

Tariff increase will only affect customers enjoying 20-hour power supply – NERC

By IDBM Consult / April 4, 2024

April 3, 2024  The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20 […]

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Why theres a drop in Nigerias power supply TCN

ASCSN President Condemns Nigeria’s Hike in Electricity Tariff

By Ifunanya / April 4, 2024

The Association of Senior Civil Servants of Nigeria, ASCSN, has expressed deep concern over the recent increase in electricity tariffs […]

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Naira Appreciates Against Dollar CBN Policies Boost Exchange Rate

Naira Appreciates Against Dollar: CBN Policies Boost Exchange Rate

By Ifunanya / April 4, 2024

The Nigerian naira has been on a winning streak against the United States dollar, much to the delight of Nigerians. […]

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Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

Understanding the Implications of Nigeria’s 250% Electricity Tariff Hike

By Ifunanya / April 4, 2024

Following the recent approval of a 250 per cent electricity tariff hike by the Nigerian Electricity Regulatory Commission, there are […]

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