African Business News

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

Failure of one Nigerian exporter affects businesses of others

NEPC Urges Nigerian Exporters to Uphold Quality Standards for Global Success

By Ifunanya / February 7, 2024

The Nigeria Export Promotion Council (NEPC) has issued a crucial advisory to Nigerian exporters, emphasizing the significant impact of individual […]

Continue Reading
BREAKING Court orders Nigerian Govt to fix prices of goods

Court Orders Nigerian Government to Set Prices for Goods and Petroleum Products

By Ifunanya / February 7, 2024

In a groundbreaking ruling, the Federal High Court in Ikoyi, Lagos has directed the Nigerian government, under President Bola Tinubu’s […]

Continue Reading
James Arukhe A guiding light in petroleum engineering

James Arukhe: A Leading Figure in Petroleum Engineering

By Ifunanya / February 7, 2024

James Arukhe stands as a beacon of inspiration in the oil and gas industry, blending technical prowess, innovation, and leadership […]

Continue Reading
Customs seized N854m vehicles others in January – NCS­­­

Nigeria Customs Intercepts N854m Worth of Contraband in January

By Ifunanya / February 7, 2024

The Nigeria Customs Service (NCS), Federal Operations Unit, Zone A, Ikeja, has reported the interception of 11 imported used vehicles […]

Continue Reading
Stakeholders advocate rice fortification to combat anaemia

Combatting Anaemia: Advocates Promote Fortified Rice for Improved Health

By Ifunanya / February 7, 2024

Stakeholders in the medical field have emphasized the importance of fortifying rice to provide essential micronutrients to the Nigerian population. […]

Continue Reading
Nigerias volume of transaction in forex market surges to 800m

Nigeria’s Forex Market Booms, Reaching $800 Million in Transactions

By Ifunanya / February 7, 2024

The Governor of Nigeria’s Central Bank, Olayemi Cardoso, announced a significant milestone during a recent address to the House of […]

Continue Reading
Nigerian govt announces commencement of ban on sackets alcoholic drinks

NAFDAC: Half of Nigeria’s Imported Pharmaceuticals Fake, Says Director General

By Ifunanya / February 7, 2024

The National Agency for Food and Drug Administration and Control (NAFDAC) has revealed a startling statistic – 50% of pharmaceutical […]

Continue Reading
1706098260 Inflation to fall in 2024 — Cardoso

Central Bank of Nigeria Implements Measures to Tackle Forex Crisis

By Ifunanya / February 6, 2024

Addressing the challenges stemming from a scarcity of dollars, the Central Bank of Nigeria (CBN) has affirmed its adoption of […]

Continue Reading
Nigerians spent 3956bn on education medical tourism CBN Governor

Nigerians Spent $39.56 Billion on Education and Medical Tourism Over the Decade, says CBN Governor

By Ifunanya / February 6, 2024

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, revealed that Nigerians expended a staggering $39.56 billion on education […]

Continue Reading
Nigerias outstanding forex backlog drops to 22bn from 45bn

Crisis Brewing as Nigerian Lawmakers Confront CBN Governor over Plummeting Naira

By Ifunanya / February 6, 2024

Tensions ran high as Yemi Cardoso, the Central Bank of Nigeria (CBN) Governor, faced a barrage of criticism during his […]

Continue Reading
Naira free fall CBN gov blames rising number of Nigerians

Nigeria’s Currency Plunge: CBN Chief Links Depreciation to Surge in Overseas Education and Medical Tourism

By Ifunanya / February 6, 2024

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has pointed to a notable surge in the value […]

Continue Reading
Food inflation rises to 3284 in Nigeria NBS

Global Finance Leaders Unite to Tackle Soaring Cost of Living

By Ifunanya / February 6, 2024

Leading figures in Nigerian finance have pledged to address the country’s soaring cost of living, offering assurances that measures are […]

Continue Reading
Oil theft Vessel arrested with 88000 litres of stolen crude

Crude Oil Theft: Vessel Seized with 88,000 Litres of Stolen Fuel in Bayelsa, Nigeria

By Ifunanya / February 6, 2024

A joint operation involving Tantita Security Services Limited and Nigerian security agencies has resulted in the apprehension of a vessel […]

Continue Reading
Nigerias outstanding forex backlog drops to 22bn from 45bn

Central Bank and Finance Leaders Address Economy in House of Representatives Sectoral Debate

By Ifunanya / February 6, 2024

The ongoing sectoral debate on the economy in the House of Representatives has drawn the presence of prominent figures. Governor […]

Continue Reading
1707214071 NNPCL dismisses fear of scarcity cites distribution

NNPCL Addresses Fuel Scarcity Concerns, Attributes Long Queues to Distribution Issue

By Ifunanya / February 6, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has shed light on the cause of the long queues at certain filling […]

Continue Reading
AfDB to disburse 540m SAPZs Fund in Nigeria

African Development Bank Set to Release $540 Million for Agro-Industrial Zones in Nigeria

By Ifunanya / February 6, 2024

The African Development Bank (AfDB) has announced plans to disburse $540 million to support the development of Special Agro-Industrial Processing […]

Continue Reading
CBN reviews timeline for issuance of credit letters amid forex

Central Bank of Nigeria’s Plan to Address FX Crisis: Introducing a Central Gateway Bank for Correspondent Banking

By Ifunanya / February 6, 2024

The Central Bank of Nigeria (CBN) has revealed its intention to introduce a single foreign currency (FCY) gateway bank to […]

Continue Reading
Farmers cultivate 323000 hectares to tackle food price surge

Farmers Cultivate 323,000 Hectares to Tackle Rising Food Prices

By Ifunanya / February 6, 2024

src=”https://mediatalkafrica.com/wp-content/uploads/2024/02/Farmers-cultivate-323000-hectares-to-tackle-food-price-surge.png” Recent efforts by farmers and agro-dealers to cultivate approximately 323,000 hectares of farmland during the 2024 dry season have […]

Continue Reading
CBN lifts ban on cryptocurrency transactions

Central Bank of Nigeria’s Naira Float Stirring Economic Concerns

By Ifunanya / February 6, 2024

The decision by the Central Bank of Nigeria (CBN) to further float the Naira in the foreign exchange market has […]

Continue Reading
Naira records first gain in 2024 against US dollar at

Naira Surges Against US Dollar in Foreign Markets

By Ifunanya / February 6, 2024

The Naira has made significant gains against the US Dollar in the foreign market, buoyed by the Central Bank of […]

Continue Reading
Scroll to Top