African Business News

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

Tinubu not recruiting area boys to collect tax Oyedele

Taiwo Oyedele Clarifies: Tinubu Government Not Recruiting ‘Area Boys’ for Tax Collection

By Ifunanya / January 28, 2024

In a recent statement, Taiwo Oyedele, Chairman of the presidential committee on Fiscal Policy and Reforms, debunked rumors suggesting that […]

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e bike

Cyclist tells how he nearly died and flat was burnt down after e-bike battery exploded and destroyed his property

By IDBM Consult / January 27, 2024

… Says ‘I’d have been dead if I hadn’t got out of there’ January 27, 2024  A cyclist has told […]

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NCAA suspends Mattini Airlines permit over Ibadan crash landing

Regulators Suspend Mattini Airline’s Permit After Ibadan Crash-Landing

By Ifunanya / January 27, 2024

In response to the recent crash-landing of a private jet operated by Mattini Airline Services Limited in Ibadan, the Nigeria […]

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NAHCO unveils export processing centre

NAHCO Launches Export Processing Center in Lagos, Eyes Economic Growth

By Ifunanya / January 27, 2024

NAHCO, the Nigerian Aviation Handling Company PLC, unveiled its new Export Packaging and Processing Centre in Lagos, marking a significant […]

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Court orders YEDC to pay damages for unlawful disconnection in

Court Rules in Favor of Plaintiff, Orders YEDC to Pay Damages for Unlawful Disconnection in Taraba

By Ifunanya / January 27, 2024

The Taraba State High Court in Jalingo has made a decisive ruling against the Yola Electricity Distribution Company (YEDC), directing […]

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Nigerian Govt unveils plans to leverage Audience Measurement System for

Nigeria’s Ambitious Plan to Boost Economy through Innovative Audience Measurement System

By Ifunanya / January 26, 2024

The Nigerian government is embarking on an ambitious initiative to utilize the Audience Measurement System (AMS) to transform the broadcasting […]

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Miners back Nigerian govts clampdown on illegal mining

Coal Miners in Kogi State Support Government Crackdown on Illegal Mining

By Ifunanya / January 26, 2024

In a notable show of solidarity, licensed and legal coal miners in Kogi State have thrown their weight behind the […]

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Reducing govt spending not feasible – Akabueze

Exclusive: Director-General Akabueze Discusses Nigeria’s 2024 Budget and Economic Strategy

By Ifunanya / January 26, 2024

In a candid conversation with Media Talk Africa, Ben Akabueze, the Director-General of the Budget Office of the Federation, sheds […]

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How Nigerian Govt will achieve N194trn revenue target in 2024

Nigeria’s Ambitious Plan to Attain N19.4 Trillion Revenue Target by 2024

By Ifunanya / January 26, 2024

In a bold move, the Nigerian federal government has unveiled its strategy to meet a staggering revenue collection target of […]

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Naira tumbles against US dollar at foreign exchange market

Naira Plummets Against US Dollar, Raising Concerns Over Nigeria’s Economy

By Ifunanya / January 26, 2024

The Naira took a significant hit against the US dollar in the foreign exchange market, sparking worries about Nigeria’s economic […]

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Domestic transactions in NGX increase to 3167trn in 2023

Nigerian Stock Market Witnesses Marginal Growth with 0.57% Increase in All-Share Index

By Ifunanya / January 26, 2024

The Nigerian Exchange Limited saw a marginal growth as the All-Share Index (ASI) appreciated by 0.57% to close at 102,149.93 […]

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Domestic transactions in NGX increase to 3167trn in 2023

Nigerian Exchange Sees Surge in Domestic Transactions, Reaching N3.167 Trillion in 2023

By Ifunanya / January 25, 2024

The Nigerian Exchange Limited (NGX) has reported a substantial increase in domestic transactions, with the total value surging to N3.167 […]

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Nigeria Morrocco Gas Pipeline FG Morocco in talks to expedite project

Nigeria-Morocco Gas Pipeline: Expediting Energy Cooperation

By Ifunanya / January 25, 2024

In a bid to accelerate the Nigeria-Morocco Gas Pipeline project, the Nigerian government and the Kingdom of Morocco have intensified […]

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Why theres a drop in Nigerias power supply TCN

Nigeria’s Power Supply Plummets: TCN Attributes Drop to Gas Constraints

By Ifunanya / January 25, 2024

In a recent statement, the Transmission Company of Nigeria (TCN) has identified gas constraints at thermal generating companies as the […]

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TCN raises alarm as insecurity threatens facilities

Nigeria’s National Power Grid Suffers 46 Collapses in 6 Years, IEA Report Reveals

By Ifunanya / January 25, 2024

A recent report by the International Energy Agency (IEA) has shed light on the tumultuous state of Nigeria’s national power […]

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NGX crosses historic 100000 points as ASI appreciates by 3

NGX Hits Record 100,000 Points: ASI Surges by 3%

By Ifunanya / January 25, 2024

The Nigerian Exchange Limited achieved a significant milestone on Wednesday, with the All-Share Index surpassing 101,571.11 points, marking a remarkable […]

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Naira tumbles against US dollar at foreign exchange market

Nigeria’s Naira Takes a Hit Against the US Dollar in Foreign Exchange Markets

By Ifunanya / January 25, 2024

The Naira, Nigeria’s currency, faced a setback in the foreign exchange market on Wednesday as it weakened against the US […]

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Customers of revoked 183 financial institutions receive N17bn

Government Agencies Allocate Over N8.7 Billion for Software in 2024 Budget

By Ifunanya / January 25, 2024

Three key government agencies in Nigeria, namely the Nigeria Deposit Insurance Corporation (NDIC), the Federal Inland Revenue Service (FIRS), and […]

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FG projects N194tn revenue in 2024

Nigeria Targets N19.4 Trillion Tax Revenue in 2024

By Ifunanya / January 25, 2024

The Nigerian government has set an ambitious tax revenue target of N19.4 trillion for the year 2024, following a record-breaking […]

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NIS gives update on automated issuance of Nigerian passport

Nigeria Immigration Service Announces Passport Automation Update

By Ifunanya / January 24, 2024

The Nigeria Immigration Service (NIS) has provided a crucial update on the automated issuance of Nigerian passports. According to Wura-Ola […]

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