African Business News

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

Kerosene consumers experienced unprecedented price hike in 2023 NBS

Nigeria Airfares Surge by 18.03% in February 2024: NBS Report

By Ifunanya / March 25, 2024

Air travel costs in Nigeria have seen a significant increase, with the average airfare for specified routes rising by 18.03% […]

Continue Reading
Kerosene consumers experienced unprecedented price hike in 2023 NBS

City Commuters Experience 46.98% Increase in Average Fare; Intercity Bus Journeys Up 75.48%

By Ifunanya / March 25, 2024

The latest Transport Fare Watch report from the National Bureau of Statistics reveals a significant increase in the average fare […]

Continue Reading
forex 1

Dollar crash: Pressure mounts on FX hoarders to sell off

By IDBM Consult / March 25, 2024

March 24, 2024 The pressure on individuals, banks and Bureaux de Change (BDC) operators to offload their excess dollars and other foreign […]

Continue Reading
binance nig

Nigerian tax laws allegedly violated by Binance

By IDBM Consult / March 25, 2024

March 25, 2024 The Federal Inland Revenue Service (FIRS) has filed criminal charges against Binance, a renowned cryptocurrency exchange platform. The lawsuit, […]

Continue Reading
Federal Government Files Tax Evasion Lawsuit Against Binance Crypto Exchange

Binance Employee Escapes Custody in Nigeria Amid Tax Evasion Allegations

By Ifunanya / March 25, 2024

Binance, a leading cryptocurrency platform, is facing a major crisis as one of its key employees, Nadeem Anjarwalla, has reportedly […]

Continue Reading
Cooking Gas Prices Surge 125kg Cylinder Up 4688 Year on Year

Cooking Gas Prices Surge: 12.5kg Cylinder Up 46.88% Year-on-Year

By Ifunanya / March 25, 2024

The cost of cooking gas has skyrocketed, with a 46.88% increase in the price of a 12.5kg cylinder of Liquified […]

Continue Reading
Federal Government Files Tax Evasion Lawsuit Against Binance Crypto Exchange

Nigerian Government vs Binance: Exec Escapes Custody Amid Tax Evasion Charges

By Ifunanya / March 25, 2024

In a dramatic turn of events, Nadeem Anjarwalla, a top executive at the cryptocurrency platform Binance, has reportedly escaped from […]

Continue Reading
Federal Government Files Tax Evasion Lawsuit Against Binance Crypto Exchange

Federal Government Files Tax Evasion Lawsuit Against Binance Crypto Exchange

By Ifunanya / March 25, 2024

The Nigerian government has taken a bold step in cracking down on tax evasion by initiating legal action against Binance, […]

Continue Reading
Nigerian Government Requires NIN Linkage for N50000 Grant Scheme

Nigerian Government Requires NIN Linkage for N50,000 Grant Scheme

By Ifunanya / March 25, 2024

The Nigerian Federal Government has recently made an important announcement regarding the Presidential Conditional Grant Scheme, which aims to provide […]

Continue Reading
Protecting West African Telecom Infrastructure NCC Urges Unified Effort

Protecting West African Telecom Infrastructure: NCC Urges Unified Effort

By Ifunanya / March 25, 2024

The Federal Government is calling for a united effort among West African nations to safeguard shared telecommunications infrastructure following a […]

Continue Reading
naira dollar

N900-N1200/$ exchange rate would be fair value-Moghalu

By IDBM Consult / March 24, 2024

March 24, 2024 A Professor of Economics and former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, […]

Continue Reading

Diesel Price Watch: Average Cost Surges by 50.20% Amid Economic Hardship

By Ifunanya / March 24, 2024

The cost of diesel fuel has skyrocketed by over 50% in the past year, adding to the economic woes faced […]

Continue Reading
ogun govt

Ogun shuts Food Agro Ltd for environmental infraction

By IDBM Consult / March 24, 2024

March 24, 2024 In its continued efforts at shielding its residents from harmful effects of environmental infractions that impact on […]

Continue Reading
Why electricity supply dropped nationwide Power Minister Adelabu explains

Minister of Power Affirms Support for Local Meter Manufacturers amid N40 Billion Contract Controversy

By Ifunanya / March 24, 2024

In the midst of the recent uproar surrounding a controversial N40 billion meter contract awarded to a foreign company, Minister […]

Continue Reading
Nigeria States at Risk of Insolvency CPPE Urges Investment Boost

Nigeria States at Risk of Insolvency: CPPE Urges Investment Boost

By Ifunanya / March 24, 2024

The Centre for the Promotion of Private Enterprise (CPPE) has issued a warning that the economic situation in Nigeria is […]

Continue Reading
Toyota By CFAO Navigating Tough Business Climate with Quality After Sales

Toyota By CFAO: Navigating Tough Business Climate with Quality After-Sales Service

By Ifunanya / March 24, 2024

Boye Ajayi, the managing director of Toyota By CFAO, recently shared insights on the company’s survival strategies in a challenging […]

Continue Reading
customs boss

Customs urges importers to regularise import duty within 90 days

By IDBM Consult / March 23, 2024

March 23, 2024 The Nigeria Customs Service (NCS) has urged importers and vehicle owners to take advantage of the 90-day […]

Continue Reading
cooking gas

5kg cooking gas sold at N6,154.50 on average in February – NBS

By IDBM Consult / March 23, 2024

March 23, 2024 The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N5,139.25 recorded […]

Continue Reading
bbnaija pilot

BBNaija’s Miracle graduates from aviation school, certified pilot

By IDBM Consult / March 23, 2024

March 23, 2024 A former Big Brother Naija housemate, Miracle Ikechukwu Igbokwe has been certified a pilot after his graduation from […]

Continue Reading
Naira Depreciates Against USD After Binance Halts Naira Transactions

Naira Gains N234.01 and N340 Against USD in Past Four Weeks: A Review

By Ifunanya / March 23, 2024

In the past four weeks, the Nigerian Naira has shown signs of strength against the US Dollar, gaining N234.01 at […]

Continue Reading
Scroll to Top