African Business News

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

Rising Garri Prices in Nigeria 108 Increase Due to Cassava

Rising Garri Prices in Nigeria: 108% Increase Due to Cassava Shortage

By Ifunanya / March 6, 2024

The cost of garri, a beloved staple food in Nigeria, has skyrocketed by 108% in just three months, hitting a […]

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President Bola Tinubu Congratulates Dr Akinwumi Adesina on Obafemi Awolowo

President Bola Tinubu Congratulates Dr. Akinwumi Adesina on Obafemi Awolowo Prize Win

By Ifunanya / March 6, 2024

President Bola Tinubu has extended his heartfelt congratulations to Dr. Akinwumi Adesina, the esteemed President of the African Development Bank […]

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reps

Reps set to probe cryptocurrency, others

By IDBM Consult / March 6, 2024

March 6, 2024 The House of Representatives yesterday took a decision to investigate the current status of Cryptocurrency, blockchain, digital […]

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world population

World Bank: New data show massive, wider-than-expected global gender gap

By IDBM Consult / March 6, 2024

March 6, 2024 World Bank on glass building. The global gender gap for women in the workplace is far wider […]

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Manufacturers project 32 per cent economic growth in 2024

Manufacturers Association of Nigeria Condemns Expatriate Employment Levy

By Ifunanya / March 6, 2024

In 2023, the Nigerian manufacturing sector faced a significant blow, with 767 manufacturers shutting down their operations and 335 others […]

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1706098260 Inflation to fall in 2024 — Cardoso

Central Bank of Nigeria Governor Olayemi Cardoso’s Economic Reforms

By Ifunanya / March 6, 2024

Since taking office in October 2023, Central Bank of Nigeria Governor, Olayemi Cardoso, has been implementing various reforms to stabilize […]

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Unlicensed Binance Faces Regulatory Scrutiny in Nigeria SiBan President Disputes

Unlicensed Binance Faces Regulatory Scrutiny in Nigeria: SiBan President Disputes CBN’s $26 Billion Claim

By Ifunanya / March 5, 2024

Binance, a popular cryptocurrency platform, is currently facing regulatory issues in Nigeria. Obinna Iwuno, the President of the Stakeholders in […]

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bank watching

‘The bank is watching you’: This is what happens when you deposit too much cash into your bank account

By IDBM Consult / March 5, 2024

March 5, 2024 “Big Brother is watching you” — that’s how lots of Americans feel when they deposit or withdraw […]

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shea butter

African women make $227 million from Shea Butter processing – Okonjo Iweala

By IDBM Consult / March 5, 2024

March 5, 2024 The Director General of the World Trade Organization (WTO), Dr. Ngozi Okonjo Iweala, has highlighted the untapped potential of […]

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bezos

Jeff Bezos overtakes Elon Musk as world’s richest for the first time in three years as Amazon founder’s net worth tops $200bn; Tesla creator’s stumbles $55.8bn

By IDBM Consult / March 5, 2024

5 March 2024 Jeff Bezos is back on top as the world’s richest man for the first time in three years […]

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binance

BREAKING: Binance leaves Nigeria, suspends all naira services

By IDBM Consult / March 5, 2024

March 5, 2024 Cryptocurrency exchange, Binance has announced that it will stop providing all services related to the Nigerian naira […]

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Federal Government of Nigeria Bonds Subscription Process for March 2024

Federal Government of Nigeria Bonds: Subscription Process for March 2024

By Ifunanya / March 5, 2024

The Debt Management Office (DMO) has recently announced the subscription process for two-year and three-year Federal Government of Nigeria bonds […]

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Dangote Refinery Honors Late Access Bank CEO Herbert Wigwe

Dangote Refinery Honors Late Access Bank CEO Herbert Wigwe

By Ifunanya / March 5, 2024

Nigerian business magnate and Africa’s wealthiest individual, Aliko Dangote, has made a heartfelt gesture by naming the largest road network […]

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Nigerias External Debt Soars Due to Naira Depreciation

Nigeria’s External Debt Soars Due to Naira Depreciation

By Ifunanya / March 5, 2024

Nigeria’s Foreign Debt Soars as Naira Depreciates Nigeria is facing a significant increase in its external debt stock, reaching N28 […]

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Edo State Governor Criticizes CBNs Decision to Raise Monetary Policy

Edo State Governor Criticizes CBN’s Decision to Raise Monetary Policy Rate

By Ifunanya / March 4, 2024

In a recent speech at the Annual Dinner of the Edo Zone Bankers Committee in Benin City, Governor Godwin Obaseki […]

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1706098260 Inflation to fall in 2024 — Cardoso

Warning from CBN: Nigeria Faces Debt Distress Risk Due to Changing Borrowing Trends

By Ifunanya / March 4, 2024

The Central Bank of Nigeria has issued a warning to Nigeria and other West African nations regarding their borrowing practices. […]

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nin sim

Why some SIM cards linked to NIN were barred – NCC

By IDBM Consult / March 4, 2024

March 4, 2024 The Nigerian Communications Commission (NCC) (NCC) has explained why some telecommunications ubscribers who previously linked their SIM […]

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NESG Chairman Urges Nigeria to Solve Electricity Crisis for 1

NESG Chairman Urges Nigeria to Solve Electricity Crisis for $1 Trillion GDP Goal by 2030

By Ifunanya / March 4, 2024

The Nigerian Economic Summit Group (NESG) has delivered a stark message to the current federal government led by President Bola […]

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Transcorp Power Plc Listing Second Most Valuable Power Company on

Transcorp Power Plc Listing: Second Most Valuable Power Company on NGX

By Ifunanya / March 4, 2024

Transnational Corporation Plc has made a significant move in the energy sector with the listing of its subsidiary, Transcorp Power […]

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NECA Warns Against Ministry of Interiors Expatriate Employment Levy

NECA Warns Against Ministry of Interior’s Expatriate Employment Levy

By Ifunanya / March 4, 2024

The Nigeria Employers’ Consultative Association (NECA) has raised concerns over the Ministry of Interior’s expatriate employment levy, warning that it […]

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