African Business News

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

NGX records bearish trading as ASI declines by 033 per

NGX ASI Surges 39.8% in Q1 2024, Becomes Second Best-Performing Stock in Nigerian Market

By Ifunanya / April 1, 2024

The Nigerian stock market has seen impressive growth in the first quarter of 2024, despite facing economic challenges. According to […]

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Naira Free Fall Nigerias crude oil sales should be in

Nigerian Government Adopts Trucks and Barges to Combat Crude Oil Pipeline Vandalism

By Ifunanya / April 1, 2024

The Nigerian federal government is taking proactive measures to combat pipeline vandalism and crude oil theft by implementing a new […]

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SMEDAN launches internship programme for entrepreneurs

Empowering Africa’s SMEs for Climate Action: Green Finance Conference Highlights

By Ifunanya / April 1, 2024

Small and Medium Enterprises (SMEs) in Africa are being recognized as key players in the fight against climate change. However, […]

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naira new notes

Prices will drop as Naira appreciates -Economist predicts

By IDBM Consult / March 31, 2024

March 31, 2024 A Development Economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices […]

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angola

Angola to open visa, investment centre in Port Harcourt on Tuesday

By IDBM Consult / March 31, 2024

March 31, 2024 Angola Embassy on Sunday, March 31, announced the opening of a visa and investment centre in Port Harcourt. […]

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market

Lagos lawmaker organises subsidised food market for constituents 

By IDBM Consult / March 31, 2024

March 31, 2024 The lawmaker representing Lagos Island Constituency 1 at the State House of Assembly, Hon. Omolara Oyekan Olumegbon […]

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telcos nin

Telcos vow to deactivate SIM cards not linked to NIN

By IDBM Consult / March 31, 2024

March 31, 2024 Telecom operators are proceeding to bar calls from phone numbers that are yet to be linked to […]

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cbnnn 2

CBN’s recall of BDCs into FX market boosts Naira, says Gwadabe

By IDBM Consult / March 31, 2024

March 31, 2024 The Association of Bureaux de Change Operators of Nigeria (ABCON) has lauded the decision of the Olayemi Cardoso-led Central […]

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nwosu

Unclaimed dividends major problem affecting capital market—Africa Prudential MD Nwosu

By IDBM Consult / March 31, 2024

March 31, 2024 Worried about the growing inventory of unclaimed dividends currently at a staggering N190b in the capital market, […]

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Naira depreciates against US Dollar at forex market

Naira Appreciates by N660 Against USD as BDC Operators Boost Dollar Liquidity

By Ifunanya / March 31, 2024

The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, has announced that the Naira […]

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Impact of Strengthening Naira on Food Prices Understanding the Lag

Impact of Strengthening Naira on Food Prices: Understanding the Lag Effect

By Ifunanya / March 31, 2024

Economists predict that Nigerians may not immediately feel the effects of the recent strengthening of the naira against the dollar […]

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national grid

National grid collapses second time in 2024

By IDBM Consult / March 30, 2024

March 30, 2024 Electricity distribution companies (DisCos) are appealing for understanding from their customers as the country experiences another blackout […]

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adesina

Most Nigerians provide electricity for themselves, AfDB’s Adesina laments

By IDBM Consult / March 30, 2024

March 30, 2024 The President, African Development Bank Group, Dr Akinwumi Adesina, has lamented the living condition of Nigerians amidst current […]

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EFCC raises special taskforce against dollarisation of economy

NAPS Calls for Investigation into Alleged N20 Billion Diversion at CTIN

By Ifunanya / March 30, 2024

The National Association of Polytechnic Students (NAPS) has raised concerns over the alleged mismanagement of funds at the Cement Technology […]

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3MTT Programme Faces Technical Glitches as Registration Deadline Approaches

3MTT Programme Faces Technical Glitches as Registration Deadline Approaches

By Ifunanya / March 30, 2024

As the deadline for the Federal Government’s 3 Million Technical Talent (3MTT) program approaches on March 31, 2024, technical issues […]

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Nigeria’s Automotive Industry Development Plan: Local Vehicle Manufacturing by 2032

By Ifunanya / March 30, 2024

The Nigerian government is gearing up to revolutionize its automotive industry by kickstarting local manufacturing of vehicles within the next […]

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Naira depreciates against US Dollar at forex market

CBN Reports $1.5 Billion Inflow Boosting Economy Amid Rising Inflation

By Ifunanya / March 30, 2024

The Central Bank of Nigeria has reported a significant boost to the country’s economy, with over $1.5 billion flowing in […]

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Nigerias Ambitious Plan to Become a Vehicle Manufacturing Hub

Nigeria’s Ambitious Plan to Become a Vehicle Manufacturing Hub

By Ifunanya / March 30, 2024

Nigeria Aims to Become a Major Player in Vehicle Manufacturing Industry Nigeria is set to make a significant mark in […]

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Banks to disconnect non deposit financial institutions from transfer

CBN’s Effective Monetary Policy Results in $1.5bn Inflows, Naira Gains

By Ifunanya / March 30, 2024

The Central Bank of Nigeria has announced a significant boost to the Nigerian economy, with over $1.5 billion flowing in […]

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ph aba train

Port Harcourt-Aba railway to begin operation in April, says FG

By IDBM Consult / March 29, 2024

March 29, 2024 The federal government has pushed the  commencement date for the operation of the Port Harcourt –Aba section of […]

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