African Business News

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

Bitcoin price surges before tumbling after fake US SEC post

Bitcoin Surges to $48,000 on Fake SEC Post, Plunges After Confirmation

By Ifunanya / January 10, 2024

Bitcoin, the popular cryptocurrency, experienced a significant surge in value, reaching nearly $48,000 on Tuesday. This surge was triggered by […]

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Banks to disconnect non deposit financial institutions from transfer

Nigerian Naira Plummets to N1089 Against US Dollar on Official I&E Window

By Ifunanya / January 10, 2024

The value of the Nigerian naira tumbled to N1089.51 per US dollar on the official Investor and Exporter window, marking […]

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15 multinationals exit Nigeria in three years – NECA

Global Corporations’ Exodus from Nigeria: A Growing Concern for Economy and Employment

By Ifunanya / January 10, 2024

The Nigeria Employers’ Consultative Association (NECA), the apex organization representing employers in Nigeria, has raised an alarm over the exodus […]

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World Bank reveals real pump price of fuel without Nigerian

World Bank Forecasts Nigeria’s Economy to Grow by 3.3% in 2024

By Ifunanya / January 10, 2024

The World Bank, based in Washington, has announced its projection for Nigeria’s economy to experience a 3.3% growth in the […]

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Naira slumps against US dollar at forex market

Nigerian Naira Plummets to N1,089 Against US Dollar, Sparking Economic Concerns

By Ifunanya / January 10, 2024

In a concerning economic twist, the Nigerian Naira stumbled to N1,089.51 against the US dollar at the official foreign exchange […]

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20000 jobs lost to exit of 15 firms from Nigeria

Impact of Multinational Companies’ Exit: 20,000 Jobs Lost in 3 Years – NECA

By Ifunanya / January 10, 2024

In a recent revelation, Nigeria Employers’ Consultative Association (NECA) has brought to light the harrowing exodus of 15 multinational companies […]

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NGX bounces back gains 043 Tuesday

Record 3.57% Gain for Nigerian Exchange as NGX Continues Bullish Trend

By Ifunanya / January 10, 2024

The Nigerian Exchange Limited experienced a remarkable upsurge on Tuesday, with the All-Share Index (ASI) soaring by 3.57%, marking its […]

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Well tackle pressure on foreign exchange FG

Government Takes Action to Ease Foreign Exchange Pressure in Nigeria

By Ifunanya / January 9, 2024

The Nigerian government has unveiled plans to address the challenges stemming from foreign exchange pressure in the country. Dr. Doris […]

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Betta Edu scandal EFCC grills CEOs of Zenith Providus Jaiz

EFCC Summons Bank CEOs for Questioning in Betta Edu Scandal

By Ifunanya / January 9, 2024

Three chief executives of prominent Nigerian banks, Ebenezer Onyeagwu (Zenith Bank), Walter Akpani (Providus Bank), and Haruna Musa (Jaiz Bank), […]

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Well tackle pressure on foreign exchange FG

FG Pledges Action to Alleviate Foreign Exchange Pressure

By Ifunanya / January 9, 2024

The Federal Government has pledged to address the challenges of unemployment and pressure on foreign exchange, and to advance economic […]

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Aliko Dangote Regains Title as Africa’s Richest Person

By Ifunanya / January 9, 2024

Nigeria’s business mogul Aliko Dangote has once again secured his position as the wealthiest individual in Africa, reclaiming the top […]

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NGX bounces back gains 043 Tuesday

NGX Hits Record-Breaking 80 Million Mark as ASI Surges by 0.83%

By Ifunanya / January 9, 2024

In a groundbreaking achievement, the Nigerians Exchange Limited (NGX) reached an unprecedented milestone, with the All-Share Index (ASI) concluding at […]

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Naira slumps against US dollar at forex market

The Naira Gains Ground Against the US Dollar in 2024

By Ifunanya / January 9, 2024

The Naira, Nigeria’s currency, showed resilience as it recorded its third consecutive gain against the US dollar in the official […]

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Naira scarcity ATM usage dropped by 40 per cent in

Naira Scarcity Triggers 40% Drop in ATM Usage, Boosts Digital Payments – KPMG Report

By Ifunanya / January 9, 2024

A recent report by KPMG has revealed a significant 40% decline in the usage of Automated Teller Machines (ATMs) in […]

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ARCON lambasted for punishing Media Talk Africa advertiser agency raises kangaroo tribunal

Controversy Surrounds ARCON’s Actions Against Media Talk Africa Advertiser: Legal Community and Industry Leaders Voice Concerns

By Ifunanya / January 9, 2024

A recent move by the Advertising Regulatory Council of Nigeria (ARCON) to punish an advertiser and summon The Ambassadors College […]

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NERC dissolves Kaduna Disco board over N110bn debt

The Dissolution of Kaduna Disco Board: NERC Acts Over N110bn Debt

By Ifunanya / January 8, 2024

Kaduna Electricity Distribution Company’s board of directors has been dissolved by the Nigerian Electricity Regulatory Commission (NERC) due to the […]

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Hashidu resumes as MD of KAEDC amid N110bn debts

Hashidu Assumes Role as CEO of KAEDC Amid N110 Billion Debt Crisis

By Ifunanya / January 8, 2024

In a significant development, Unar Hashidu has taken the reins as the Chief Executive Officer of the Kaduna Electricity Distribution […]

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US employers hired more workers in December Report

US Employers Surpass Hiring Expectations: Labor Market Resilience Prevails

By Ifunanya / January 8, 2024

The latest employment report from the United States has revealed that employers surpassed expectations by hiring more workers in December […]

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US Africa Trade Council announces new identity to boost investment

US-Africa Trade Commission Unveiled to Enhance Bilateral Trade Relations

By Ifunanya / January 8, 2024

In a significant move aimed at bolstering investment and trade partnerships, the United States Africa Trade Council has rebranded itself […]

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Advertisers kick as ARCON summons school over advert

Controversy Erupts as School Faces Regulatory Council’s Wrath Over Advert

By Ifunanya / January 8, 2024

Advertisting in Nigeria has been thrown into the spotlight as the Advertising Regulatory Council (ARCON) summons The Ambassadors College, an […]

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