African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The market capitalisation of the Nigerian exchange recorded its second dip since the beginning of the year as it shed […]
Continue ReadingKerosene consumers in December, 2023 experienced unprecedented increase in retail price of the product, which rose to N1,362.27 per litre […]
Continue ReadingThe naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies […]
Continue ReadingThe Nigerian Electricity Regulatory Commission, NERC, says N99.94 billion was received by 11 electricity Distribution Companies, DisCos, from customers as […]
Continue ReadingThe Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog […]
Continue ReadingDangote refinery is set to import crude from the US in the coming months, Bloomerg reports. According to Bloomberg, Trafigura […]
Continue ReadingGovernor Biodun Oyebanji of Ekiti State has disclosed that the cargo airport in the state will commence operation by July […]
Continue ReadingThe market capitalisation of the Nigerian Exchange gained about N1.24tn at the end of Monday’s trading to close at N57.28tn, […]
Continue ReadingBlackouts in parts of Nigeria due to a gas supply shortage to generation plants have sparked fresh concerns about the […]
Continue ReadingThe Central Bank of Nigeria, CBN, has accused Authorised Dealers in the foreign exchange market of reporting inaccurate and misleading […]
Continue ReadingThe Central Bank of Nigeria (CBN) has announced a pivotal move to inject an additional $500 million in a bid […]
Continue ReadingNigeria is bracing for a potential three percent drop in freight revenue collection with the imminent start of production at […]
Continue ReadingIn a remarkable display of commitment to community development, Senator Olamilekan Adeola, also known as Yayi, recently empowered traders in […]
Continue ReadingThe Nigerian government is taking a stand against significant financial discrepancies within the country’s mining industry. Dr. Dele Alake, Minister […]
Continue ReadingThe Nigerian National Petroleum Company Limited (NNPCL) has shed light on its decision to not remit any funds to the […]
Continue ReadingThe National Lottery Trust Fund (NLTF) reaffirms its dedication to alleviating poverty in Nigeria, led by Dr. Bello Maigari, the […]
Continue ReadingFinancial and economic analysts are emphasizing the need for the Nigerian government to ramp up crude oil production in order […]
Continue ReadingAs the Nigerian Naira grapples with volatility in the foreign exchange market, financial experts are urging the country’s leadership to […]
Continue ReadingThe United Nations Secretary-General, António Guterres, has called on countries worldwide to swiftly phase out their dependence on fossil fuels. […]
Continue ReadingSeveral countries have halted funding to the United Nations Relief and Works Agency, UNRWA, following revelations of its staff members’ […]
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