African Business News

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

Naira Depreciates Against USD After Binance Halts Naira Transactions

Naira Appreciation Continues as USD Supply Drops by 30.7%

By Ifunanya / March 23, 2024

The United States Dollar supply took a significant hit, dropping by 30.7% to $199.71 million on Friday in the foreign […]

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NGX records bearish trading as ASI declines by 033 per

NGX Market Update: Financial Sector Leads Gains, NSLTECH Surges 10%

By Ifunanya / March 23, 2024

Investors at the Nigerian Exchange Limited had a profitable week, with a significant increase in market capitalization of N146.95 billion. […]

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Customs promote 2 ACGs 2209 senior officers

Nigeria Customs Service Suspends 25% Penalty on Improperly Imported Vehicles

By Ifunanya / March 23, 2024

In a significant move aimed at promoting compliance and easing economic burdens, the Nigeria Customs Service has announced the suspension […]

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Naira depreciates against US Dollar at forex market

Nigerian Naira Appreciates at Official Market, Boosting Investor Confidence

By Ifunanya / March 23, 2024

The Nigerian Naira saw a slight uptick in value against the US dollar, trading at N1,431.49 on Friday, marking a […]

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FG cuts external borrowing debt soars to N88tn

Nigeria’s Public Debt Surges to N97.34tn in Q4 2023: DMO Report

By Ifunanya / March 23, 2024

The Debt Management Office of Nigeria has announced that the country’s public debt has risen to N97.34tn ($108bn) in the […]

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Customs promote 2 ACGs 2209 senior officers

Nigeria Customs Service Suspends 25% Penalty on Illegally Imported Vehicles

By Ifunanya / March 22, 2024

The Nigeria Customs Service (NCS) made a significant announcement on Friday, revealing the suspension of a 25% penalty that was […]

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argentina

In steak-mad Argentina, women’s work is increasingly butchering the meat

By IDBM Consult / March 22, 2024

The meat industry is a source of national pride. It has also been a space historically inhospitable to women. Mar […]

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plane

Expect drop in airfares, NCAA assures passengers

By IDBM Consult / March 22, 2024

March 22, 2024 The Nigerian Civil Aviation Authority (NCAA) has assured air passengers that airfares would drop in the coming […]

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cbnnn

Senate urges CBN to recover N1.079trn Anchor Borrowers Loans

By IDBM Consult / March 22, 2024

…says N30trn overdraft to FG recklessly handled by Emefiel March 22, 2024 The Senate has directed the Central Bank of […]

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made in nigeria

Stronger Naira: Tinubu tasks Nigerians to buy made-in-Nigeria goods, services to sustain gains

By IDBM Consult / March 22, 2024

…Asks citizens to blow the whistle on currency manipulators March 22, 2024 To sustain the unfolding positive showings of the […]

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Bernard Arnault Reclaims Title as Worlds Richest Man Overtaking Bezos

Bernard Arnault Reclaims Title as World’s Richest Man, Overtaking Bezos, Musk, and Zuckerberg

By Ifunanya / March 22, 2024

Bernard Arnault, the mastermind behind LVMH Moët Hennessy Louis Vuitton SE, has once again claimed the title of the world’s […]

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Naira Appreciation Drive Sustainable Growth Predicted by Financial Expert

Naira Appreciation Drive: Sustainable Growth Predicted by Financial Expert

By Ifunanya / March 22, 2024

Bismark Rewane, the Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, recently made a bold statement regarding the current […]

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Nigerias President Tinubu Commits to Sustainability Reporting Standards

Nigeria’s President Tinubu Commits to Sustainability Reporting Standards

By Ifunanya / March 22, 2024

President Bola Tinubu of Nigeria has reaffirmed the country’s dedication to implementing sustainability reporting standards that aim to attract capital […]

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Collaboration to Curb Illegal Migration NIWA Strengthens Ties with NIS

Collaboration to Curb Illegal Migration: NIWA Strengthens Ties with NIS

By Ifunanya / March 22, 2024

The National Inland Waterways Authority (NIWA) is taking a proactive approach to combat illegal migration through the Lagos waterways by […]

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agric min

Food insecurity: FG to ban ‘portfolios, political farmers’ – Agric minister

By IDBM Consult / March 21, 2024

March 21, 2024 In a bid to ensure food security, the federal government is set to ban “portfolios and political […]

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UNDP Report Nigeria and Global Progress on Sustainable Development Goals

UNDP Report: Nigeria and Global Progress on Sustainable Development Goals

By Ifunanya / March 21, 2024

The United Nations Development Programme (UNDP) recently released its 2023/24 Human Development Report, revealing that Nigeria and the rest of […]

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Naira Surges Against USD: Gains N110 in Forex Market

By Ifunanya / March 21, 2024

The Nigerian naira has been making significant gains against the US dollar, with the official exchange rate reaching N1,382.35 per […]

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Naira Rebounds Against Dollar as CBN Clears 7bn Backlog

Naira Rebounds Against Dollar as CBN Clears $7bn Backlog

By Ifunanya / March 21, 2024

The Nigerian naira has made a remarkable comeback against the US dollar, with significant gains seen in both the official […]

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Foreign Airlines Challenge CBNs Claim of Settling Forex Backlog

Foreign Airlines Challenge CBN’s Claim of Settling Forex Backlog

By Ifunanya / March 21, 2024

Foreign airlines operating in Nigeria are expressing skepticism over the Central Bank of Nigeria’s recent announcement regarding the settlement of […]

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financial literacy

NGX partners CBN, others to bridge financial literacy gap among students

By IDBM Consult / March 21, 2024

March 21, 2024 As part of 2024 Global Money Week, Nigerian Exchange Limited (NGX), the Central Bank of Nigeria (CBN), and other […]

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