African Business News

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

Well expand food production Tinubu

Tinubu Vows to Boost Food Production Amid Rising Hardship

By Ifunanya / February 11, 2024

In response to escalating hunger and adversity in Nigeria, President Bola Tinubu has pledged to take all necessary measures to […]

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Multiple taxation checkpoints and harassment Kogi cashew farmers buyers urge

Kogi Cashew Industry Under Siege: Farmers and Buyers Call for End to Multiple Taxation and Harassment

By Ifunanya / February 11, 2024

Cashew farmers and buyers in Kogi State, Nigeria, are sounding the alarm over plans to triple produce payment from ₦30,000 […]

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Wigwe He was driving force Access Bank confirms death of

Access Bank CEO, Herbert Wigwe, Confirmed Dead in Tragic Helicopter Crash

By Ifunanya / February 11, 2024

Access Holding Plc has officially announced the tragic passing of its Chief Executive Officer, Herbert Wigwe, along with his wife […]

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SERAP drags NNPC to court over failure to account for

SERAP Takes Legal Action Against Nigerian Senate and House of Representatives Over N344.85bn Budget Transparency

By Ifunanya / February 11, 2024

The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Senate President, Godswill Akpabio, and the Speaker […]

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5000 farmers benefit from WBank FAO 55m intervention in CRiver

World Bank and FAO Improve Livelihoods for 5000 Farmers in Nigeria

By Ifunanya / February 11, 2024

A transformative initiative backed by the World Bank and the Food and Agriculture Organization (FAO) is set to benefit 5000 […]

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Cement price soars by 100 in three years

Rising Cement Prices Impact Construction Industry

By Ifunanya / February 11, 2024

The price of cement has surged by 100% over the past three years, reaching a record high of N7,000. Investigations […]

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CBN lifts ban on cryptocurrency transactions

Nigeria’s Central Bank Raises Customs Duties Under President Tinubu’s Administration

By Ifunanya / February 11, 2024

In 2024, the Central Bank of Nigeria, under President Bola Ahmed Tinubu, has increased the Customs duties exchange rate for […]

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Herbert Wigwe 11 things to know about late Access Bank

Remembering Herbert Wigwe: 11 Key Facts About the Late Access Bank Founder

By Ifunanya / February 11, 2024

The Chief Executive Officer of Access Holdings Plc, Herbert Wigwe, tragically passed away on Friday in a helicopter accident in […]

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restaurantuer

Vegan restaurateur admits defeat and puts meat on the menu

By IDBM Consult / February 10, 2024

February 10, 2024 When Charlie Watson launched his vegan fast food restaurant chain Oowee he had high hopes for the […]

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amazon

Jeff Bezos Sells 12 Million Amazon Shares For $2 Billion

By IDBM Consult / February 10, 2024

The sale plan, which is subject to certain conditions, was adopted on November 8, 2023, and would be completed by […]

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cbn

High Cost Of Food Caused By Insecurity, Climate Change, Others – CBN

By IDBM Consult / February 10, 2024

February 9, 2024 The Central Bank of Nigeria (CBN) says insecurity, climate change, subsistent and seasonal farming practices, as well […]

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Naira appreciates against US dollars at forex market Friday

Naira Gains Ground Against US Dollar in Friday’s Forex Market Trading

By Ifunanya / February 10, 2024

The Naira saw a modest improvement against the US dollar and other foreign currencies at the close of the foreign […]

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Banks IMTOs to pay dollars other diaspora remittances in naira

Banks and Money Transfer Operators to Pay Diaspora Remittances in Naira Instead of Dollars

By Ifunanya / February 10, 2024

International Money Transfer Operators (IMTOs) and banks in Nigeria have ceased paying remittances in dollars to their customers. The Central […]

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sagey

Tinubu Should Have Waited Six Months To Remove Petrol Subsidy – Prof Sagay

By IDBM Consult / February 9, 2024

Sagay said the sudden manner in which the President removed petrol subsidy in his inaugural speech on May 29, 2023 […]

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Tinubu signs Electricity Act 2024

President Tinubu Signs 2024 Electricity Act, Paving the Way for Community Development

By Ifunanya / February 9, 2024

President Bola Tinubu has officially signed the Electricity Act (Amendment) Bill 2024 into law, marking a significant milestone in Nigeria’s […]

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CBN raises exchange rate for cargo clearance amid forex crisis

Central Bank of Nigeria Commits to Naira-Dollar Exchange Rate Stability

By Ifunanya / February 9, 2024

The Central Bank of Nigeria (CBN) has pledged to maintain stability in the naira-dollar exchange rate, as stated by CBN […]

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CBN reviews timeline for issuance of credit letters amid forex

Breaking News: Central Bank of Nigeria Removes Cap on Interbank Foreign Exchange Transactions

By Ifunanya / February 9, 2024

In a recent move, the Central Bank of Nigeria (CBN) has taken a significant step by eliminating the spread on […]

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Supply shocks hyper inflation cause of hunger hardship – CBN Gov

Supply Shocks and Hyperinflation Causing Hunger and Hardship in Nigeria, Says CBN Governor Cardoso

By Ifunanya / February 9, 2024

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed the reasons behind the widespread hunger in the […]

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1707480609 CBN stops banks from referencing unaudited accounts in adverts

Central Bank of Nigeria Cracks Down on Use of Unaudited Accounts in Financial Adverts

By Ifunanya / February 9, 2024

The Central Bank of Nigeria (CBN) has imposed new requirements on financial service providers, prohibiting the use of unaudited financial […]

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Why petrol pump price will fall in 2024 CBN

Monetary Policy Interventions Aim to Alleviate Economic Hardship in Nigeria, Central Bank Governor Tells Senate

By Ifunanya / February 9, 2024

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), addressed the Senate Committee on Banking, Insurance, and Financial […]

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