African Business News

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

Power Outages in Abuja Lagos and Nasarawa Technical Glitches Cause

Power Outages in Abuja, Lagos, and Nasarawa: Technical Glitches Cause Service Disruption

By Ifunanya / April 4, 2024

The recent power outages in Abuja, Lagos, and Nasarawa have left many communities in the dark, with residents facing disruptions […]

Continue Reading
Naira depreciates against US Dollar at forex market

FX Turnover Plunges to $166M as Naira Appreciates: Food Prices Soar

By Ifunanya / April 4, 2024

The foreign exchange market saw a significant drop in turnover on Wednesday, falling to $166 million after hitting a record […]

Continue Reading
Nigerian Breweries Plc Plans N600bn Rights Issue to Reduce Debt

Nigerian Breweries Plc Plans N600bn Rights Issue to Reduce Debt Burden

By Ifunanya / April 3, 2024

Nigerian Breweries Plc, a leading beverage company in Nigeria, has made a significant announcement that is set to reshape its […]

Continue Reading
Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

Electricity Tariff Hike: NECAN Secretary Slams Tinubu’s Government

By Ifunanya / April 3, 2024

The recent increase in electricity tariffs in Nigeria has sparked outrage among consumers, with many questioning the government’s decision-making process. […]

Continue Reading
Customs promote 2 ACGs 2209 senior officers

Nigeria Customs Service Generates N1.3 Trillion Revenue in Q1 2024, Seizes N10.59 Billion in Smuggled Items

By Ifunanya / April 3, 2024

The Nigeria Customs Service (NCS) has announced a remarkable achievement, generating over N1.3 trillion in revenue during the first quarter […]

Continue Reading
techno event

Spectacular Scenes at TECNO Hi-tech event as Brand showcase Latest cutting-edge Innovation 

By IDBM Consult / April 3, 2024

April 3, 2024 On the evening of April 2nd, 2024, TECNO unveiled its latest innovative lineup of cutting-edge devices and […]

Continue Reading
PRP Condemns 300 Increase in Electricity Tariff as Insensitive Government

PRP Condemns 300% Increase in Electricity Tariff as Insensitive Government Policy

By Ifunanya / April 3, 2024

The Peoples Redemption Party (PRP) has strongly condemned the federal government’s decision to hike electricity tariffs by a staggering 300 […]

Continue Reading
Not picking Wike as Atikus running mate PDPs biggest mistake

Reno Omokri Urges Nigerians to Convert Dollars to Naira for Economic Growth

By Ifunanya / April 3, 2024

Social activist Reno Omokri is encouraging Nigerians to convert their dollars into naira, citing the potential for the Nigerian currency […]

Continue Reading
tariff

BREAKING: FG increases electricity tariffs

By IDBM Consult / April 3, 2024

April 3, 2024 The Nigerian Electricity Regulatory Commission (NERC) has ordered instant review of increases in tariffs from Wednesday, April 3. This […]

Continue Reading
naira gains 2

Naira appreciates at official market, gains 2.4%

By IDBM Consult / April 3, 2024

April 3, 2024 The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from […]

Continue Reading
dollar naira

Convert your dollar to naira now, Reno Omokri advises

By IDBM Consult / April 3, 2024

April 3, 2024 Social commentator Reno Omokri has warned dollar holders to convert the currency back to the naira. He […]

Continue Reading
naira gains

Naira sustains rally at N1,245/$ in parallel market

By IDBM Consult / April 3, 2024

April 3, 2024 The naira yesterday exchanged at N1,245 to dollar in the parallel market. It closed at N1,248 to […]

Continue Reading
transcorp

Transcorp Hotels grows net profit by 133% to N6 billion

By IDBM Consult / April 3, 2024

April 3, 2024 Transcorp Hotels Plc rode on the back of increased patronage and operating efficiency to double its profit in […]

Continue Reading
2024 Worlds Richest Woman Francoise Bettencourt Meyers Tops Forbes List

2024 World’s Richest Woman: Françoise Bettencourt Meyers Tops Forbes List

By Ifunanya / April 3, 2024

Françoise Bettencourt Meyers, the heiress to the L’Oréal fortune, has once again secured her position as the world’s wealthiest woman […]

Continue Reading
Federal Government of Nigeria Bonds Subscription Process for March 2024

DMO Plans to Raise N1.8 Trillion Through Bond Issuance Amid Rising Debt Stocks

By Ifunanya / April 3, 2024

The Debt Management Office (DMO) in Nigeria has announced ambitious plans to raise N1.8 trillion through the issuance and reopening […]

Continue Reading

Dangote Refinery’s Diesel Supply to Crash Pump Price, Says IPMAN

By Ifunanya / April 3, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the commencement of domestic supply of Automotive Gas Oil […]

Continue Reading
FIRS Apologizes to CAN and Nigerians Over Easter Message Offense

FIRS Apologizes to CAN and Nigerians Over Easter Message Offense

By Ifunanya / April 3, 2024

The Federal Inland Revenue Service (FIRS) has issued a formal apology to the Christian Association of Nigeria (CAN) and the […]

Continue Reading
NCC Deadline 40 Million Telephone Lines Deactivated More Disconnections Loom

NIN-SIM Linkage: Challenges, Disconnections, and Solutions in Nigeria

By Ifunanya / April 3, 2024

Since the Nigerian government introduced the Subscriber Identity Module-National Identification Numbers linkage policy in December 2020, over 40 million phone […]

Continue Reading
can fird

CAN knocks FIRS over Easter advert, demands retraction

By IDBM Consult / April 2, 2024

April 2, 2024 The Christian Association of Nigeria (CAN) has condemned the Easter advert placed by the Federal Inland Revenue […]

Continue Reading
binance court

Binance, two officials for arraignment Thursday over alleged money laundering, tax infractions

By IDBM Consult / April 2, 2024

April 2, 2024 AFederal High Court in Abuja has scheduled the arraignment of Binance Holdings Limited with two of its officials […]

Continue Reading
Scroll to Top