African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The Naira experienced a significant depreciation against the US dollar at the end of last week, with the foreign exchange […]
Continue ReadingThe Nigerian naira experienced a recent decline in both official and parallel foreign exchange markets on Friday. The national currency […]
Continue Readingon February 17, 2024 The Supreme Court on Friday affirmed the judgment of the Court of Appeal which nullified the takeover […]
Continue ReadingIn a significant development, the Federal Inland Revenue Service (FIRS) announced on Friday that President Bola Tinubu has given the […]
Continue ReadingAfrican countries that have long traded with others outside the continent are now shipping goods to each other. Feb 16, […]
Continue ReadingIn a span of six weeks, the Nigeria Customs Service has reported a staggering N1.975 billion in revenue from confiscated […]
Continue ReadingThe price of a 50-kilogram bag of cement has surged to between N10,000 and N15,000 in the Federal Capital Territory, […]
Continue ReadingThe Central Bank of Nigeria (CBN) has announced a significant increase in the Price Verification System (PVS) limit from 2.5% […]
Continue ReadingThe Kaduna Electricity Distribution Company has taken a significant step by increasing its employees’ salaries by 10 percent despite grappling […]
Continue ReadingData from FMDQ revealed that the Naira strengthened against the US dollar, reaching N1,498.25 per dollar on Thursday, up from […]
Continue ReadingDuring a meeting with government officials, President Bola Tinubu made a bold statement declaring his refusal to approve food importation […]
Continue ReadingFebruary 15, 2024 The Speaker of the House of Representatives Rt. Hon Abbas Tajudeen, has said that the 10th House […]
Continue ReadingThe Centre for the Promotion of Private Enterprise (CPPE) has recommended that the Nigerian Federal Government fix the exchange rate […]
Continue ReadingThe latest data reveals the Nigerian states experiencing the fastest rise in food prices. Topping the list are Kogi, Kwara, […]
Continue ReadingThe Central Bank of Nigeria (CBN) has implemented new regulations prohibiting international oil companies (IOCs) operating in Nigeria from immediately […]
Continue ReadingIn response to the continued devaluation of the Naira in the foreign exchange market, the Central Bank of Nigeria (CBN) […]
Continue ReadingIn January 2024, Nigeria’s inflation soared to 29.90%, up from 28.92% in December 2023, largely driven by escalating food prices, […]
Continue ReadingThe Minister of Power, Adebayo Adelabu, announced the Federal Government’s dedication to addressing the inherited N3 trillion debt in the […]
Continue ReadingThe Dangote Petroleum Refinery has initiated the sale of two fuel cargoes for export, marking a significant milestone for the […]
Continue ReadingThe Nigerian Naira faced depreciation against the US dollar with a 56.58% drop in foreign exchange supply to $117.87 million. […]
Continue Reading