African Business News

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

NAFDAC clears the air on registration status of products

NAFDAC Addresses Misinformation, Confirms Valid Registration of Popular Products

By Ifunanya / December 22, 2023

In a recent statement, NAFDAC has moved swiftly to dispel misconceptions surrounding the registration status of several widely consumed products. […]

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Emefiele indicted in N227trn ways and means advance Investigator

In-depth Investigation Reveals Alleged N22.7 Trillion ‘Ways and Means’ Scandal Involving Former CBN Governor Emefiele

By Ifunanya / December 22, 2023

An explosive report has surfaced, casting a damning shadow over the tenure of former Central Bank of Nigeria (CBN) governor, […]

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88 of workers self employed says NBS report

Nigeria’s Labor Landscape: NBS Unveils 88% Self-Employment Rate

By Ifunanya / December 22, 2023

Recent findings from the National Bureau of Statistics (NBS) have revealed a striking statistic about Nigeria’s labor force: 88% of […]

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LPG marketers demand waiver implementation

Nigerian LPG Marketers Call for Action on Import Duty Waiver

By Ifunanya / December 22, 2023

The Nigeria Association of LPG Marketers is urging prompt implementation of a presidential directive to waive import duties on gas-related […]

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Angola Withdraws from OPEC Citing Disparate Interests

By Ifunanya / December 22, 2023

Angola made a significant announcement on Thursday, revealing its decision to withdraw from the Organization of the Petroleum Exporting Countries […]

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Gov Adeleke presents N29bn bonds for pensions gratuities

Osun State Governor Allocates N2.9 Billion Bonds for Retirees’ Pensions and Gratuity

By Ifunanya / December 21, 2023

Osun State Governor, Ademola Adeleke, demonstrated his commitment to the welfare of retirees by presenting a N2.9 billion pension bond […]

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Naira scarcity heavy burden for Nigerians CACOL laments

Nigeria Struggles with Naira Scarcity as CACOL Voices Concern

By Ifunanya / December 21, 2023

The Centre for Anti-Corruption and Open Leadership (CACOL) has raised alarm over the prevailing naira scarcity in Nigeria, highlighting the […]

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Port Harcourt refinery has commenced operations – Nigerian Govt

Nigeria Accelerates Energy Transition with Innovative Gas Leak Detection Technology

By Ifunanya / December 21, 2023

Nigeria is taking a significant step forward in its energy transition journey with the deployment of cutting-edge gas leak protection […]

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Illegal loan apps use PSSPs to executive transactions FCCPC

Federal Competition and Consumer Protection Commission Generates N56 Billion in 2023

By Ifunanya / December 21, 2023

In 2023, the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria reported an impressive Internally Generated Revenue (IGR) of […]

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Petrol price rose to N64893 in November NBS

NBS Report: Petrol Price Soars to N648.93 per Litre, Diesel Hits N1055.57 in November 2023

By Ifunanya / December 21, 2023

The National Bureau of Statistics (NBS) has released alarming data in its Petrol Price Watch and Diesel Price Watch reports […]

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FG cuts external borrowing debt soars to N88tn

Nigeria’s Public Debt Hits N88 Trillion as External Borrowing Slows Down

By Ifunanya / December 21, 2023

The latest data from Nigeria’s Debt Management Office reveals a significant shift in the country’s approach to borrowing, signaling a […]

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Naira depreciates against US Dollar at forex market

Naira’s Fluctuations: Official Market Sees Depreciation, Parallel Market Gains

By Ifunanya / December 21, 2023

The Naira, Nigeria’s currency, witnessed a slight depreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the […]

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Nigerias ease of doing business Customs announces vision to Diplomats

Nigeria Customs Service Unveils Vision for Enhanced Business Environment

By Ifunanya / December 21, 2023

The Nigeria Customs Service (NCS) has set its sights on streamlining service delivery and bolstering the country’s business landscape. In […]

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FG unveils plans to reduce hardship improve living standards

Government Unveils Ambitious Plan to Ease Financial Hardships and Boost Living Standards

By Ifunanya / December 21, 2023

In a bold move to address the financial burdens faced by Nigerian citizens and improve their quality of life, Finance […]

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NGX records N259bn market capitalization loss

Record Market Capitalization and All-Share Index Surge Propel NGX to Historic Highs

By Ifunanya / December 21, 2023

The Nigerian Exchange Limited witnessed a remarkable surge on Wednesday, with the All-Share Index soaring to an all-time high of […]

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AIICO purchases 5 stake in InfraCredit

AIICO’s Acquisition: Strengthening InfraCredit’s Financial Might

By Ifunanya / December 20, 2023

AIICO Insurance Plc has made a significant financial move by acquiring a 5% stake in InfraCredit, thereby becoming the second […]

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Minister denies advocating exemption of women from taxation

Minister Uju Ohanenye Refutes Advocacy for Women’s Tax Exemption

By Ifunanya / December 20, 2023

In a staunch rebuttal, Minister of Women Affairs, Uju Ohanenye, disavowed the notion that she advocated for women to be […]

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Tinubu inaugurates committee to develop framework for consumer credit

Boosting Consumer Credit: Tinubu’s Strategic Move Towards Nigeria’s $1 Trillion Economy

By Ifunanya / December 20, 2023

In a bold and strategic move towards propelling Nigeria towards its targeted $1 trillion economy by 2026, President Bola Tinubu […]

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Toshiba delisted from Tokyo Stock Exchange after 74 years 1

Toshiba Faces New Chapter as it Bids Farewell to Tokyo Stock Exchange After 74 Years

By Ifunanya / December 20, 2023

Toshiba, a stalwart of the Tokyo Stock Exchange for 74 years, witnessed the closing chapter of its public listing on […]

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Nigerian Bakers Warn of 20% Bread Price Hike Amid Economic Hardship in January 2024

By Ifunanya / December 20, 2023

Nigerians will face yet another blow to their wallets in the new year as bread prices are set to surge […]

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