African Business News

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

Hardship Federal govt announces plan to restart direct cash transfer

President Tinubu’s Administration Prioritizes Nigeria’s Economic Growth amid Rising Inflation

By Ifunanya / March 9, 2024

Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, recently emphasized that the well-being of Nigeria is the […]

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Kerosene consumers experienced unprecedented price hike in 2023 NBS

Nigeria’s Q4 2023 Exports Dominated by Petroleum Oils: NBS Report

By Ifunanya / March 9, 2024

In the fourth quarter of 2023, Nigeria’s National Bureau of Statistics revealed that the largest exported product was petroleum oils […]

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Naira Depreciates Against USD After Binance Halts Naira Transactions

Naira Depreciates Against USD After Binance Halts Naira Transactions

By Ifunanya / March 9, 2024

The Naira’s value against the US dollar continued to decline in the official foreign exchange market, following the discontinuation of […]

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Federal Government Inaugurates 575bn Gas Infrastructure Fund Council

Federal Government Inaugurates $575bn Gas Infrastructure Fund Council

By Ifunanya / March 9, 2024

The Federal Government of Nigeria has taken a significant step towards revolutionizing the country’s gas sector with the inauguration of […]

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Empowering Female Engineers in Nigeria NASENIs DELT Her Initiative

Empowering Female Engineers in Nigeria: NASENI’s DELT-Her Initiative

By Ifunanya / March 8, 2024

The National Agency for Science and Engineering Infrastructure (NASENI) has made a bold commitment to increase the number of female […]

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Leveraging Social Media for Small Business Growth in Nigeria Insights

SMEDAN Unveils New Brand #HereForProsperity on International Women’s Day

By Ifunanya / March 8, 2024

SMEDAN, the Small and Medium Enterprises Development Agency of Nigeria, is undergoing a transformation under the leadership of Director General, […]

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MEMAN Reveals Factors Behind Petrol Price Hike in Nigeria Landing

MEMAN Reveals Factors Behind Petrol Price Hike in Nigeria: Landing Cost, Forex Fluctuations, and Subsidy Removal

By Ifunanya / March 8, 2024

The Major Energies Marketers Association of Nigeria has shed light on why its members have ceased importing Premium Motor Spirit, […]

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BREAKING Reps raise 2024 budget to N287 trillion

FIRS Charged to Recover N5.19 Trillion in Taxes Owed by MDAs: Urgent Action Needed

By Ifunanya / March 8, 2024

The House of Representatives has issued a crucial directive to the Federal Inland Revenue Service (FIRS) to reclaim a staggering […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Reports 433% Surge in Diaspora Remittances to $1.3 Billion

By Ifunanya / March 8, 2024

The Central Bank of Nigeria has reported a remarkable increase in Diaspora remittances, with a staggering 433% surge to $1.3 […]

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Unlocking Nigerias 15tn Potential The Blue Economy Revolution

Unlocking Nigeria’s $1.5tn Potential: The Blue Economy Revolution

By Ifunanya / March 8, 2024

Professor Charles Ogbulogo, the Vice-Chancellor of Maduka University in Enugu State, Nigeria, recently highlighted the immense potential of Nigeria’s blue […]

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Accelerating eNaira Adoption CBN Partners with Gluwa for Blockchain Innovation

Accelerating eNaira Adoption: CBN Partners with Gluwa for Blockchain Innovation

By Ifunanya / March 7, 2024

The Central Bank of Nigeria has taken a significant step towards boosting the adoption of eNaira, the country’s digital currency, […]

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Tinubu unveils 3112 housing units project in Abuja amid economic

President Tinubu Approves Restructuring of NELMCO Board for Power Sector Efficiency

By Ifunanya / March 7, 2024

President Bola Tinubu has given the green light for the reconstitution of the Board of the Nigeria Electricity Liability Management […]

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House of Representatives Investigates N5 Trillion Tax Non Remittance in Nigeria

House of Representatives Investigates N5 Trillion Tax Non-Remittance in Nigeria

By Ifunanya / March 7, 2024

The House of Representatives in Nigeria has taken a bold step to investigate the non-remittance of a staggering N5 trillion […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Threatens Sanctions on Mortgage Banks for Late Regulatory Returns

By Ifunanya / March 7, 2024

The Central Bank of Nigeria has issued a stern warning to primary mortgage banks, Microfinance Banks, and Development Finance Institutions […]

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1706098260 Inflation to fall in 2024 — Cardoso

Central Bank of Nigeria Issues Warning on Timely Submission of Regulatory Returns

By Ifunanya / March 7, 2024

The Central Bank of Nigeria has issued a stern warning to primary mortgage banks, development finance institutions, and microfinance banks […]

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USD Supply Plunges by 42 as Binance Impact Hits Nigerian

USD Supply Plunges by 42% as Binance Impact Hits Nigerian Exchange Market

By Ifunanya / March 7, 2024

The foreign exchange market in Nigeria experienced a significant shift this week, with the supply of US dollars dropping by […]

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Unlocking Rural Electrification in West Africa Addressing High Tariffs for

Unlocking Rural Electrification in West Africa: Addressing High Tariffs for Affordable Energy Solutions

By Ifunanya / March 7, 2024

Schneider Electric, a leading energy company, has identified high tariffs as a major obstacle to electricity access in rural communities […]

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Computer Village Relocation to Katangua Impact on Vendors Revenue

Computer Village Relocation to Katangua: Impact on Vendors & Revenue Loss

By Ifunanya / March 7, 2024

The bustling streets of Computer Village in Ikeja, Lagos, have long been a beacon of technological innovation in Nigeria. From […]

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Why electricity supply dropped nationwide Power Minister Adelabu explains

Minister of Power Threatens License Revocation for DisCos Over Power Supply Decline

By Ifunanya / March 6, 2024

Minister of Power Threatens to Revoke Licenses of Electricity Distribution Companies The Minister of Power, Adebayo Adelabu, has issued a […]

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Nigerian Ports Authority Unveils 1 Billion Port Reconstruction Plan

Nigerian Ports Authority Unveils $1 Billion Port Reconstruction Plan

By Ifunanya / March 6, 2024

The Nigerian Ports Authority (NPA) has unveiled an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex and […]

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