African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
In November 2023, Nigeria’s oil-producing states struck gold as they received a staggering N75.410 billion, a 13 percent share of […]
Continue ReadingThe Nigeria Deposit Insurance Corporation (NDIC) has taken swift action to compensate customers affected by the revocation of licenses from […]
Continue ReadingThe Abia State Government, led by Governor Alex Otti of the Labour Party, is considering borrowing to finance a substantial […]
Continue ReadingThe Nigerian government has taken decisive action by shutting down the operations of Ready Finance Investors Limited due to its […]
Continue ReadingDr. Titus Okunrounmu, a former director of the Research Department at the Central Bank of Nigeria (CBN), has sounded the […]
Continue ReadingA recent report by the National Bureau of Statistics (NBS) revealed that Nigeria’s food inflation surged to 32.84% in November, […]
Continue ReadingNigeria’s economy has been rocked by a dramatic surge in inflation, with the headline inflation rate soaring to 28.20% in […]
Continue ReadingThe Naira enjoyed a surge against the US dollar on Thursday, marking a significant milestone in the foreign exchange landscape. […]
Continue ReadingNigeria’s Electricity Regulatory Commission (NERC) has reported a substantial increase in the cashflow within the country’s power sector. According to […]
Continue ReadingIn its latest International Debt Report, the World Bank revealed that Nigeria and other developing countries disbursed a staggering $443.5 […]
Continue ReadingThe Central Bank of Nigeria (CBN) has forecasted a downward trend in inflation and exchange rates for the year 2024. […]
Continue ReadingIn a concerning turn of events, the Nigerian Naira experienced a significant depreciation against the US dollar in the official […]
Continue ReadingThe Central Bank of Nigeria has issued a crucial directive aimed at curbing online fraud and bolstering consumer confidence. This […]
Continue ReadingThe Nigerian stock market witnessed a momentous surge as the Nigerian Exchange Limited’s All-Share Index (ASI) skyrocketed by 0.55%, breaching […]
Continue Reading— Businesses Urged to Embrace E-Commerce for Growth, Says NEPC Micro, medium, and small-scale enterprises have been urged to embrace […]
Continue ReadingOn a momentous Wednesday, Lagos State Governor Babajide Sanwo-Olu unveiled a bold vision for the future, presenting the esteemed Lagos […]
Continue ReadingAt the heart of Nigeria’s electricity landscape lies a pressing concern: the likelihood of the federal government paying N600 billion […]
Continue ReadingIn a recent revelation, the World Bank has spotlighted Nigeria’s ongoing fuel subsidies, despite the current pump prices not reflecting […]
Continue ReadingOperators of Point of Sale (PoS) shops in Zamfara State are grappling with the adverse effects of the prevailing Naira […]
Continue ReadingAmid the lingering scarcity of the Naira in Nigeria, point-of-sale (PoS) operators have implemented a drastic 100% hike in their […]
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