African Business News

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

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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Kerosene consumers experienced unprecedented price hike in 2023 NBS

NBS Report: Kerosene Prices Rise in February 2024, North-Central Highest at N1,486/Litre

By Ifunanya / March 21, 2024

The National Bureau of Statistics (NBS) has reported an increase in the average retail price of kerosene in Nigeria. According […]

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forex

Naira will appreciate, dump your dollars to avoid tears – Onanuga

By IDBM Consult / March 21, 2024

March 21, 2024 The Presidency has assured Nigerians that the Naira will soon appreciate. President Bola Tinubu’s special adviser on […]

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Lagos arrests touts extorting traders on Yaba pedestrian bridge

By IDBM Consult / March 21, 2024

March 21, 2024 The Lagos State Environmental Sanitation Corps has arrested some miscreants extorting traders and other Lagosians on the […]

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Nigerians Fear Economic Impact of Proposed Electricity Tariff Hike

Nigerians Fear Economic Impact of Proposed Electricity Tariff Hike

By Ifunanya / March 21, 2024

Concerns are rising among Nigerians regarding the potential impact of further increases in electricity tariffs on their already strained economic […]

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Governor Nwifuru of Ebonyi State Warns Against Taxing Vegetable Sellers

Governor Nwifuru of Ebonyi State Warns Against Taxing Vegetable Sellers

By Ifunanya / March 21, 2024

Governor Francis Nwifuru of Ebonyi State has issued a stern warning to revenue collectors, urging them to refrain from collecting […]

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IGP Seeks Trial Transfer of Duport Midstream CEO to Lagos

IGP Seeks Trial Transfer of Duport Midstream CEO to Lagos Court

By Ifunanya / March 21, 2024

The Inspector General of Police (IGP) has requested the transfer of the trial of Akintoye Akindele, the Managing Director and […]

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Accelerating Inflation in Nigeria Linked to Excess Cash Circulation

Accelerating Inflation in Nigeria Linked to Excess Cash Circulation

By Ifunanya / March 21, 2024

Members of the Monetary Policy Committee of the Central Bank of Nigeria have identified excess cash in circulation as the […]

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frsc speedlimiter

Speed limit device is compulsory for commercial, private vehicles – FRSC

By IDBM Consult / March 20, 2024

March 20, 2024 The Federal Road Safety Corps (FRSC) Command in Ogun on Wednesday in Abeokuta said the use of speed limit […]

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cbn 2

BREAKING: CBN settles all FX backlog as external reserves rise to $34.11bn

By IDBM Consult / March 20, 2024

March 20, 2024 The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog inherited by […]

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Naira Depreciates Against USD After Binance Halts Naira Transactions

Nigerian Banks Require Three-Year Tax Clearance Certificate for Forex Transactions

By Ifunanya / March 20, 2024

In a recent development in Nigeria, banks are now requiring customers to provide a three-year tax clearance certificate when seeking […]

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Access Bank to Acquire National Bank of Kenya Second Kenyan

Access Bank to Acquire National Bank of Kenya: Second Kenyan Bank Acquisition in Five Years

By Ifunanya / March 20, 2024

Access Bank, a leading financial institution, has announced its plans to acquire the National Bank of Kenya from the KCB […]

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niger aedc

Niger, AEDC parley on improved electricity supply

By IDBM Consult / March 20, 2024

March 20, 2024 The Abuja Electricity Distribution Company (AEDC) and the Niger state government have come up with an initiative that will […]

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NBS Report Petrol Price Soars to N67936Litre in February 2024

NBS Report: Petrol Price Soars to N679.36/Litre in February 2024

By Ifunanya / March 20, 2024

The National Bureau of Statistics (NBS) has recently released its Petrol Price Watch report for February 2024, revealing a significant […]

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zenith bank gmd

15 things to know about Zenith Bank’s first female GMD Umeoji

By IDBM Consult / March 20, 2024

March 20, 2024 Zenith Bank Plc on Tuesday appointed Dame Adaora Umeoji as the Group Managing Director/Chief Executive Officer (GMD/CEO) […]

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Cement Price hike Nigerian Senate mulls probe

Senate Committee Investigates N30 Trillion Loans Recovery from CBN

By Ifunanya / March 20, 2024

The Senate Ad-hoc Committee investigating the N30 trillion Ways and Means fund has made a bold move to ensure accountability […]

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2023 NEITI Report Subsidy Removal Boosts FAAC Revenue to N1014tn

2023 NEITI Report: Subsidy Removal Boosts FAAC Revenue to N10.14tn

By Ifunanya / March 20, 2024

The removal of petrol subsidy in Nigeria in 2023 had a significant impact on the country’s revenue allocations from the […]

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Nigerian Senate Passes N4463 Billion 2024 FIRS Budget with Increase

Nigerian Senate Passes N446.3 Billion 2024 FIRS Budget with Increase in Operational Activities

By Ifunanya / March 20, 2024

The Nigerian Senate recently approved a budget of N446.3 billion for the Federal Inland Revenue Service (FIRS) for the year […]

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NNPC CEO Mele Kyari Announces 25bn Nigeria Morocco Gas Pipeline FID

NNPC CEO Mele Kyari Announces $25bn Nigeria-Morocco Gas Pipeline FID in December 2024

By Ifunanya / March 20, 2024

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has announced that the Final Investment […]

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police2

Delta: Police stray bullets kill 4 as Okada riders protest turns bloody

By IDBM Consult / March 19, 2024

March 19, 2024 A protest by tricycle and motorcycle riders in the Asaba and Okpanam areas of Delta State has […]

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