African Business News

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

Nigeria Taps Global Investment Banks for Eurobond Issuance amid Fiscal

Nigeria Taps Global Investment Banks for Eurobond Issuance amid Fiscal Budget Challenges

By Ifunanya / March 14, 2024

The Federal Government of Nigeria is gearing up for a significant financial move by enlisting the expertise of top global […]

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AGF and State Commissioners Criticized for UK Workshop Amid Economic

AGF and State Commissioners Criticized for UK Workshop Amid Economic Downturn

By Ifunanya / March 14, 2024

Civil society and rights groups have strongly criticized government officials for holding a workshop in the United Kingdom amidst Nigeria’s […]

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We recorded 9000 infractions on pipelines in one year, says NNPCL boss Kyari

By IDBM Consult / March 13, 2024

March 13, 2024 Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has said they […]

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Revamping Revenue Streams for Critical Infrastructure and Social Services in

Revamping Revenue Streams for Critical Infrastructure and Social Services in Nigeria

By Ifunanya / March 13, 2024

Minister of Finance, Olawale Edun, recently expressed concerns over Nigeria’s insufficient revenue to support critical infrastructure and essential social services […]

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binance boss

US court orders ex-Binance CEO, Changpeng Zhao to surrender all passports

By IDBM Consult / March 13, 2024

March 13, 2024 A United States (US) district court has ordered Changpeng Zhao, the founder and former CEO of Binance, to […]

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FCCPC Drags Mikano International to Court Over Obstruction of Investigation

By Ifunanya / March 13, 2024

The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against Mikano International Limited for allegedly obstructing an […]

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NICA Urges Lower Interest Rates for SMEs in Nigeria Amid

NICA Urges Lower Interest Rates for SMEs in Nigeria Amid Economic Hardship

By Ifunanya / March 13, 2024

The National Institute of Credit Administration (NICA) has sounded the alarm on the devastating impact of high interest rates on […]

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House of Representatives Urges TCN to Restore Power in Yenagoa

House of Representatives Urges TCN to Restore Power in Yenagoa, Bayelsa State

By Ifunanya / March 13, 2024

The House of Representatives has issued a pressing directive to the Transmission Company of Nigeria to address the ongoing power […]

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Naira records first gain in 2024 against US dollar at

Naira Appreciates as USD Turnover Surges to $122.18 Million, Foreign Reserves at $34.33 Billion

By Ifunanya / March 13, 2024

The foreign exchange market in Nigeria saw a significant uptick in US dollar turnover transactions, with a 21% increase to […]

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Nigerian Government Demands Binance User Info Amid Naira Fluctuation Stand Off

Nigerian Government Demands Binance User Info Amid Naira Fluctuation Stand-Off

By Ifunanya / March 13, 2024

The Nigerian government is currently in a heated standoff with cryptocurrency exchange Binance, demanding detailed information on its top users […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Raises Customs Exchange Rate to N1.624.732/USD Amid Naira Crisis

By Ifunanya / March 13, 2024

The Central Bank of Nigeria has once again adjusted the exchange rate for calculating Customs duties at the country’s seaports, […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Treasury Bills Auction: Rates Expected to Hold Steady

By Ifunanya / March 13, 2024

The Central Bank of Nigeria recently kicked off a Treasury Bills Primary Market Auction, signaling the start of a new […]

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Nigerias Crude Oil Production Drops to 132mbpd in February 2024

Nigeria’s Crude Oil Production Drops to 1.32mbpd in February 2024, Impacting Budget Implementation

By Ifunanya / March 13, 2024

Nigeria, known for its significant crude oil production, experienced a decline in output for the second consecutive month in February […]

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Seun Onigbinde of BudgIT Discusses N37trn Missing from 2024 Budget

Seun Onigbinde of BudgIT Discusses N3.7trn Missing from 2024 Budget

By Ifunanya / March 13, 2024

Seun Onigbinde, the Co-Founder of civic group BudgIT, recently addressed the concerns raised by Senator Abdul Ningi regarding the lack […]

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Neveah Limited Boosts Employee Salaries by 44 Amid Economic Hardship

Neveah Limited Boosts Employee Salaries by 44% Amid Economic Hardship

By Ifunanya / March 13, 2024

Neveah Limited, an indigenous commodities export company, has made a significant announcement that is sure to make a positive impact […]

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Nigerias Pension Fund Assets Surge to N1953 Trillion in January

Nigeria’s Pension Fund Assets Surge to N19.53 Trillion in January 2023

By Ifunanya / March 12, 2024

Nigeria’s pension fund assets have seen a significant increase, reaching N19.53 trillion by January 31, up from N18.36 trillion at […]

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KEDCO Raises Alarm Over Power Shortfall Plunging Kano into Darkness

KEDCO Raises Alarm Over Power Shortfall Plunging Kano into Darkness

By Ifunanya / March 12, 2024

Kano, a bustling state in Nigeria, is currently facing a major crisis – a severe shortage of power supply. The […]

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Kaduna Electricity Workers Demand Justice Threaten License Seizure

Kaduna Electricity Workers Demand Justice, Threaten License Seizure

By Ifunanya / March 12, 2024

Workers at Kaduna Electricity Distribution Company have taken a stand against alleged injustices and industrial disputes, leading to a withdrawal […]

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tinubu2 4

Tinubu writes Reps, submits 2024 budget for FCTA

By IDBM Consult / March 12, 2024

March 12, 2024 President Bola Ahmed Tinubu on Tuesday sent the 2024 budget estimates of the Federal Capital Territory Administration (FCTA) to […]

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Naira Depreciates Against USD After Binance Halts Naira Transactions

USD Transactions Plummet by 64.31% as Naira Appreciates: Foreign Reserves at $34.11 Billion

By Ifunanya / March 12, 2024

The turnover of US Dollar transactions at the official foreign exchange market took a significant hit, dropping by 64.31% to […]

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