African Business News

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

GTBank Uganda Transitions to Tier 2 Credit Institution for Retail

GTBank Uganda Transitions to Tier 2 Credit Institution for Retail and SME Banking Success

By Ifunanya / March 28, 2024

Guaranty Trust Bank (GTBank) Uganda is undergoing a significant transformation, as it transitions from a Tier 1 Commercial Bank to […]

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President Tinubu Establishes Economic Coordination Council Taskforce

President Tinubu Establishes Economic Coordination Council & Taskforce

By Ifunanya / March 28, 2024

President Bola Tinubu has taken a significant step in reshaping Nigeria’s economic landscape by establishing two key bodies aimed at […]

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Eniola Ajao bows, announces new ‘Best Dressed Female’ winners

By IDBM Consult / March 28, 2024

March 28, 2024 Actress Eniola Ajao has succumbed to pressure following the backlash and criticism from netizens for awarding Bobrisky as […]

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Global body recertifies WACOT

By IDBM Consult / March 28, 2024

March 28, 2024 Global body, ECOCERT, has renewed its certification of WACOT to export organic sesame produced in Nigeria. The organic sesame […]

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Google Blocks 55 Billion Ads Suspends 127 Million 2023 Ads

Google Blocks 5.5 Billion Ads, Suspends 12.7 Million: 2023 Ads Safety Report

By Ifunanya / March 28, 2024

Google, the US-based multinational technology corporation, has taken a firm stance against deceptive advertising practices by blocking over 5.5 billion […]

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FCCPC backs NERCs N105bn fine on 11 DisCos over arbitrary

FCCPC Busts Deceptive Rice Weight Syndicate in Garki Modern Market Abuja

By Ifunanya / March 28, 2024

The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered a deceitful syndicate operating in Garki Modern Market, Abuja, involving […]

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1707214071 NNPCL dismisses fear of scarcity cites distribution

NNPC Denies Reducing Pump Prices of Petrol and Diesel: Clarifies Rumours

By Ifunanya / March 28, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims circulating on social media that it has decreased the pump […]

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Eko Electricity Distribution Company Board in Turmoil Over CEO Sacking

Eko Electricity Distribution Company Board in Turmoil Over CEO Sacking

By Ifunanya / March 28, 2024

The Eko Electricity Distribution Company (EKEDC) is currently embroiled in a leadership crisis that has caused a rift among the […]

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Naira Appreciates to N1,300 Against USD, Forecasted to Reach N1,000 by 2024

By Ifunanya / March 27, 2024

The Nigerian naira’s value against the US dollar saw a significant increase on Wednesday, reaching N1,300.43 per dollar in the […]

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Tinubu orders single-digit tax system

By IDBM Consult / March 27, 2024

March 27, 2024 President Bola Tinubu has directed the creation of a single-digit tax system with a maximum of nine […]

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Nigerian woman faces seven years in prison for writing a damning online review of tomato puree

By IDBM Consult / March 27, 2024

27 March 2024 A Nigerian woman is facing up to seven years in prison for writing a damning review of […]

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IPMAN President Foresees Fuel Price Drop with Port Harcourt Refinery

NNPC Denies Price Reduction Rumors for PMS and Diesel, Urges Nigerians to Disregard

By Ifunanya / March 27, 2024

The Nigeria National Petroleum Corporation (NNPC) has strongly refuted recent claims circulating online that it has lowered the prices of […]

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Bureaux de change operators seek reversal of ban on forex

ABCON Predicts Naira to Appreciate to N1,000 per USD by December 2024

By Ifunanya / March 27, 2024

The Association of Bureau de Change Operators in Nigeria, ABCON, has made a bold prediction regarding the future of the […]

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Cubana Chief Priest unveils six-year-old son’s hotel project

By IDBM Consult / March 27, 2024

March 27, 2024 Popular socialite, Pascal Chibuike better known as Cubana Chief Priest has unveiled his son’s multimillionaire project. He shared via […]

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Dollar Selling at N10001 in Abuja Contradicted by BDC Operators

Dollar Selling at N1,000/$1 in Abuja Contradicted by BDC Operators

By Ifunanya / March 27, 2024

Bureau De Change operators have refuted claims that the dollar is selling at N1,000/$1 in Nigeria, despite viral reports on […]

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IBEDC Disconnects UCH Over N400M Debt: Power Supply Crisis Deepens

By Ifunanya / March 27, 2024

IBEDC Cuts Power Supply to UCH Over N400 Million Debt Dispute In a surprising turn of events, the University of […]

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Naira will continue to stabilise – Shettima assures

By IDBM Consult / March 27, 2024

March 27, 2024 Vice President Kashim Shettima has assured that the Naira will continue to stabilise in the coming weeks […]

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DisCos need N2trn capital investment to improve power supply in

Nigeria’s Economic Resilience: IMPI Commends Fiscal and Monetary Policy Authorities

By Ifunanya / March 27, 2024

The Independent Media and Policy Initiative (IMPI) has praised the fiscal and monetary authorities in Nigeria for their efforts to […]

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NCC Reports Record Data Consumption in Nigeria 4G Subscriptions on

NCC Reports Record Data Consumption in Nigeria, 4G Subscriptions on the Rise

By Ifunanya / March 27, 2024

In a groundbreaking development, the Nigerian Communications Commission (NCC) has reported a record-breaking data consumption of 721,522 terabytes in a […]

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Eko Electricity Distribution Company Appoints Rekhiat Momoh as Acting CEO

Eko Electricity Distribution Company Appoints Rekhiat Momoh as Acting CEO

By Ifunanya / March 27, 2024

Eko Electricity Distribution Company has made a significant change in its leadership, with the appointment of Rekhiat Momoh as the […]

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