African Business News

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

Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

Nigeria’s Groundbreaking 20MW Solar-Hydro Hybrid Project in Shiroro Boosts National Electricity Supply

By Ifunanya / March 19, 2024

The Nigerian government has recently announced its support for the establishment of a groundbreaking 20-megawatt solar-hydro hybrid project in Shiroro. […]

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Zenith Bank Plc Appoints Adaora Umeoji as First Female Group

Zenith Bank Plc Appoints Adaora Umeoji as First Female Group Managing Director

By Ifunanya / March 19, 2024

Zenith Bank Plc, a leading financial institution in Nigeria, has made history by appointing Adaora Umeoji as its first female […]

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Zenith Bank Plc Appoints Dr Adaora Umeoji as First Female

Zenith Bank Plc Appoints Dr. Adaora Umeoji as First Female Group Managing Director

By Ifunanya / March 19, 2024

Zenith Bank Plc has made a historic announcement, appointing Dr. Adaora Umeoji as its new Group Managing Director, marking a […]

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1706098260 Inflation to fall in 2024 — Cardoso

Central Bank of Nigeria’s 294th Monetary Policy Committee Meeting: Economic Challenges and Solutions

By Ifunanya / March 19, 2024

The Central Bank of Nigeria has announced the upcoming 294th meeting of the Monetary Policy Committee, a pivotal gathering that […]

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IPMAN President Foresees Fuel Price Drop with Port Harcourt Refinery

IPMAN President Foresees Fuel Price Drop with Port Harcourt Refinery Operations

By Ifunanya / March 19, 2024

The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, has announced a potential decrease in the price […]

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N30trn Ways and Means: Senate grills CBN officials over ‘unilateral approvals’

By IDBM Consult / March 19, 2024

 March 19, 2024 The Chairman of the Committee, Senator Isah Jibrin (Kogi East), while answering questions from reporters after the […]

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Revolutionizing Radio Broadcasting in Nigeria Through Data Journalism Training

Revolutionizing Radio Broadcasting in Nigeria Through Data Journalism Training

By Ifunanya / March 19, 2024

Radio broadcasters in Nigeria have recently undergone data journalism training to enhance their storytelling capabilities and revolutionize radio broadcasting in […]

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CBN lifts ban on cryptocurrency transactions

Central Bank of Nigeria Terminates 19 Directors Amid Legal Action Rumors

By Ifunanya / March 18, 2024

The Central Bank of Nigeria is currently facing a wave of uncertainty and tension as 19 of its directors have […]

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Alleged Terrorism financing: Court orders Binance to release data to EFCC

By IDBM Consult / March 18, 2024

March 18, 2024 A Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with […]

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benin border

Monarch urges President Tinubu to reopen border with Benin Republic

By IDBM Consult / March 18, 2024

March 18, 2024 The Olowu of Kuta in Ayedire Local Government of Osun State, Oba Hameed Oyelude, has pleaded with […]

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CBN Lowers Cargo Clearance Exchange Rate to N1593.41 Amid Naira Appreciation

By Ifunanya / March 18, 2024

The Central Bank of Nigeria has recently made a significant adjustment to its exchange rate for cargo clearance, lowering it […]

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Sachet Water Price Surge in Nigeria Health Risks and Economic

Sachet Water Price Surge in Nigeria: Health Risks and Economic Impact

By Ifunanya / March 18, 2024

The cost of sachet water in Nigeria has skyrocketed in recent months, leaving many Nigerians struggling to afford this essential […]

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Rising Food Prices in Nigeria Traders Struggle Amid Hyperinflation Crisis

Rising Food Prices in Nigeria: Traders Struggle Amid Hyperinflation Crisis

By Ifunanya / March 18, 2024

Traders around Nigeria are facing a dire situation as the prices of essential commodities continue to skyrocket, plunging citizens into […]

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Niger Delta international festival and economic investment summit holds

By IDBM Consult / March 17, 2024

March 17, 2024 Arrangements are ongoing to host the mother of all trade expo and investment being organised by the […]

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Tinubu Administrations Responsive Approach to Expatriate Levy Suspension

CPPE Warns Against House of Reps Comments on Cement Price Hikes

By Ifunanya / March 17, 2024

The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns about recent comments made by members of the […]

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Journalists urged to embrace data-driven reporting for accountability in Nigeria

By IDBM Consult / March 17, 2024

March 17, 2024 A two-day training for investigative journalists in Abuja, Nigeria, has emphasised the importance of data, research, and […]

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cbn

Why CBN’s recent MPC rate decision excites stakeholders’

By IDBM Consult / March 16, 2024

March 16, 2024 The International Monetary Fund (IMF) and the Fitch Ratings have applauded the Monetary Policy Committee (MPC) of […]

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MainOne restoring services to customers after cable cuts

By IDBM Consult / March 16, 2024

March 16, 2024 A major internet provider for most of Nigeria commercial banks and internet service providers (ISPs), MainOne, which suffered […]

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Lagos govt paid N1381bn pensions in seven years

Lagos State Governor Introduces ‘Ounje Eko’ Food Markets with 25% Discounts

By Ifunanya / March 16, 2024

Governor Babajide Sanwo-Olu of Lagos State has introduced a groundbreaking initiative to alleviate the economic strain on residents amidst rising […]

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CBN lifts ban on cryptocurrency transactions

Nigeria BVN Registration Surges Ahead of Central Bank Deadline

By Ifunanya / March 16, 2024

As the April 2024 deadline set by the Central Bank of Nigeria approaches, the registration for Bank Verification Number (BVN) […]

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