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’s Used Vehicle Imports Skyrocket by 226.46% to N1.06 Trillion in 2023

By Ifunanya / March 12, 2024

Nigeria’s used vehicle imports saw a significant surge in 2023, skyrocketing by 226.46% to a staggering N1.063 trillion, as revealed […]

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Guinness Nigeria Plcs Inspire Inclusion Campaign Empowers Female Workforce

Guinness Nigeria Plc’s ‘Inspire Inclusion’ Campaign Empowers Female Workforce

By Ifunanya / March 12, 2024

Guinness Nigeria Plc has made a bold commitment to support its female workforce in honor of International Women’s Day. The […]

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N300m palliative Ministry releases Bill of Quantity for FGs palliatives

Nigerian Government Plans to Ramp Up Power Generation to 6,000 Megawatts

By Ifunanya / March 12, 2024

The Nigerian Government is taking bold steps to address the country’s electricity supply issues, with plans to increase power generation […]

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Binance Naira Suspension Sparks Fear Among Nigerian Crypto Investors

Binance Naira Suspension Sparks Fear Among Nigerian Crypto Investors

By Ifunanya / March 12, 2024

The recent suspension of naira to dollar exchange services by Binance has sent shockwaves through the Nigerian cryptocurrency community, leaving […]

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Bullish Start to Week Banking Stocks Drive Nigerian Stock Market

Bullish Start to Week: Banking Stocks Drive Nigerian Stock Market Gains

By Ifunanya / March 11, 2024

The Nigerian stock market kicked off the week on a positive note, with a surge in interest in banking stocks […]

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Federal Witness Admits Emefiele Did Not Confer Unfair Advantage

By Ifunanya / March 11, 2024

Federal Government witness Michael Agboro testified in the trial of former Central Bank of Nigeria Governor Godwin Emefiele, stating that […]

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Improving VAT Compliance in Nigeria Challenges and Solutions

Improving VAT Compliance in Nigeria: Challenges and Solutions

By Ifunanya / March 11, 2024

The Value Added Tax (VAT) system in Nigeria has come under scrutiny by the European Union and the Economic Community […]

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TCN raises alarm as insecurity threatens facilities

Rising Vandalism Threatens Nigeria’s Electricity Infrastructure: TCN Urges Collaboration

By Ifunanya / March 11, 2024

Nigeria has been facing a concerning trend of vandalism targeting national electricity assets, with five incidents reported between February and […]

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Cadbury Guinness others lost N472bn to naira depreciation – Report

Naira Struggles: CBN’s Liquidity Woes and Foreign Borrowing Challenges

By Ifunanya / March 11, 2024

The Central Bank of Nigeria is facing a liquidity crisis, according to a recent report by the Economist Intelligence Unit. […]

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bitcoin

BREAKING: Bitcoin hits New record above $71,000

By IDBM Consult / March 11, 2024

11th March 2024 Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid […]

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N300m palliative Ministry releases Bill of Quantity for FGs palliatives

Nigerian Government Owes N100 Billion in Electricity Debt: Executive Director’s Revelation

By Ifunanya / March 11, 2024

The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has revealed that the Nigerian government is facing […]

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Naira Rescue: Economist Intelligence Unit Urges Foreign Borrowing for Stability

By Ifunanya / March 11, 2024

The Economist Intelligence Unit, a renowned global research firm, has suggested that President Bola Ahmed Tinubu’s administration should consider foreign […]

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TCN raises alarm as insecurity threatens facilities

TCN Confronts Vandalism: Shiroro-Katampe 330kV Transmission Line Targeted

By Ifunanya / March 11, 2024

The Transmission Company of Nigeria (TCN) has reported a disturbing trend of vandalism on its critical infrastructure, specifically the Shiroro-Katampe […]

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Presidency Denies Allegations of N3tn Budget Padding in 2024 Budget

Presidency Denies Allegations of N3tn Budget Padding in 2024 Budget

By Ifunanya / March 11, 2024

The Presidency has refuted claims of padding the 2024 budget by an additional N3tn, following accusations by Senator Abdul Ningi […]

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World Bank reveals real pump price of fuel without Nigerian

Bridging the Digital Divide: World Bank Report on Computer Ownership in Nigeria and African Countries

By Ifunanya / March 10, 2024

Less than 20 per cent of households in Nigeria and other African countries own a computer, according to a recent […]

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Tinubu Administrations Responsive Approach to Expatriate Levy Suspension

Tinubu Administration’s Responsive Approach to Expatriate Levy Suspension

By Ifunanya / March 10, 2024

The recent suspension of the Employment Expatriate Levy by the Nigerian government has been hailed as a positive step towards […]

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tinubu2 2

Only the President can reopen borders – Customs boss

By IDBM Consult / March 10, 2024

March 10, 2024 The Comptroller-General of Customs, Mr Adewale Adeniyi, on Saturday said that only President Bola Tinubu has the prerogative […]

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Naira records first gain in 2024 against US dollar at

Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per USD in 12 Months

By Ifunanya / March 10, 2024

Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per US Dollar in Twelve Months In a recent analysis of […]

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Nigerias Foreign Trade Surges by 249 to N6981 Trillion in

Nigeria’s Foreign Trade Surges by 24.9% to N69.81 Trillion in 2023

By Ifunanya / March 10, 2024

Nigeria’s foreign trade has seen a significant boost, with a 24.9% increase in 2023, reaching a total of N69.81 trillion. […]

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funeral homes

Police raid three funeral homes across East Yorkshire after becoming concerned for ‘care of the deceased’

By IDBM Consult / March 9, 2024

9 March 2024 Police have raided three funeral homes across East Yorkshire after becoming concerned about the ‘care of the […]

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