African Business News

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

Fidelity others make list of most capitalized banks in Q3

Fidelity, others make list of most capitalized banks in Q3 2023

By Ifunanya / December 11, 2023

Leading financial institution, Fidelity Bank has been listed as one of most capitalized banks in Nigeria based on Q3 2023 […]

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Monarch Seeks Improved Patronage Of Local Products – Voice of

Monarch Seeks Improved Patronage Of Local Products

By Ifunanya / December 11, 2023

Last updated Dec 10, 2023 First-class monarch and the Ooni of Ife, Oba Adeyeye Ogunwusi, has urged the Federal […]

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World Bank Lauds FCTAs Agency For Stimulating SMEs In Abuja

World Bank Lauds FCTA’s Agency For Stimulating SMEs In Abuja – Voice of Nigeria

By Ifunanya / December 11, 2023

The World Bank has lauded the effort of Abuja Enterprise Agency for stimulating Small and Medium Enterprises (SMEs) in the […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN gives update on Naira scarcity

By Ifunanya / December 11, 2023

The Central Bank of Nigeria, CBN, has said enough Naira notes are in circulation amid reports of scarcity of banknotes. […]

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CBN reviews timeline for issuance of credit letters amid forex

Nigeria’s external reserves fall by $520m in five weeks

By Ifunanya / December 11, 2023

Nigeria’s external reserves fell by $520.22 million in five weeks, figures from the Central Bank of Nigeria revealed. According to […]

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CBN’s Revised Cargo Exchange Rate Will Fuel Smuggling, Warns CPPE

By Ifunanya / December 11, 2023

The recent decision by the Central Bank of Nigeria (CBN) to raise the exchange rate for cargo clearance has sparked […]

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I will strenghten education system revitalise Nigerian economy President

President Tinubu Vows to Transform Education and Economy for Nigeria’s Global Emergence

By Ifunanya / December 10, 2023

President Bola Tinubu has declared a bold vision for his administration, emphasizing the revitalization of Nigeria’s education system and the […]

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321867 Nigerian small businesses received 14 funding in six years scaled

Nigeria’s Small Businesses: A $1.4 Billion Boost from World Bank

By Ifunanya / December 10, 2023

The World Bank has revealed that over the course of six years, a staggering 321,867 small businesses in Nigeria benefited […]

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Another victory for Nigeria as UK court orders PID to

UK Court Orders P&ID to Pay £20m Damages, Another Victory for Nigeria

By Ifunanya / December 9, 2023

In a significant win for Nigeria, a United Kingdom court has ruled in favor of the Nigerian Government, ordering Process […]

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Dangote Refinery Receives First One Million Barrels Crude Cargo –

Dangote Refinery Receives First One Million Barrels Crude Cargo

By Ifunanya / December 9, 2023

Africa’s Game-Changer: Dangote Refinery Welcomes First One Million Barrels of Crude Oil A historic milestone has been reached as Dangote […]

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Electricity Nigerian govt mulls unbundling of 11 DisCos

The Future of Nigerian Electricity: Government Contemplates Unbundling 11 DisCos for Enhanced Oversight

By Ifunanya / December 9, 2023

In a bid to revolutionize the nation’s power sector, the Nigerian government is considering the unbundling of Eleven Electricity Distribution […]

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Lagos State Governor Promises Business Friendly Environment – Voice of

Lagos State Governor Pledges Support for Business Community

By Ifunanya / December 9, 2023

Lagos State Governor, Mr. Babajide Sanwo-Olu, has pledged unwavering support for the business community, assuring them of a conducive and […]

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Nigerian Breweries appoints new interim Chairman

Renowned Nigerian Brewing Company Appoints New Interim Chairman

By Ifunanya / December 9, 2023

Nigeria’s leading brewing company, Nigerian Breweries Plc, has recently announced the appointment of Sijbe “Siep” Hiemstra as the interim Chairman […]

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Naira slumps against US dollar at forex market

The Naira Struggles: Nosedives Against the US Dollar

By Ifunanya / December 9, 2023

The Nigerian Naira took a sharp nosedive against the US Dollar at the official foreign exchange market on Friday, reflecting […]

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COP28 NNPCL signs two LNG deals

The Nigerian National Petroleum Company Stands Firm Against Senate’s Push for Increased Crude Production Benchmark in 2024 Budget

By Ifunanya / December 9, 2023

The Nigerian National Petroleum Company Limited (NNPCL), led by Group Chief Executive Officer Mele Kyari, has taken a firm stance […]

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Stocks Indices Remain Positive – Voice of Nigeria

Positive Momentum in Nigerian Stocks as Market Indices Rise by 0.17%

By Ifunanya / December 8, 2023

The Nigerian equities market closed the week on a positive note, with major indices reflecting a 0.17% gain. The NGX […]

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Nigerian Govt records N619trn from taxes in 2023s Q3

Nigeria’s Tax Revenue Surges to N6.19 Trillion Amidst Economic Challenges

By Ifunanya / December 8, 2023

The Nigerian government’s coffers swelled as tax revenue soared to a staggering N6.19 trillion in the third quarter of 2023. […]

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COP28 REA NASEINI secure 150m lithium battery manufacturing deal with

COP28: REA, NASEINI secure $150m lithium battery manufacturing deal with Chinese investor

By Ifunanya / December 8, 2023

Nigerian Agencies Secure $150 Million Deal for Lithium Battery Manufacturing at COP28 In a groundbreaking development at the 2023 UN […]

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Transmission Company Of Nigeria Stakeholders Inspects SLA Power Equipment –

Transmission Company Of Nigeria, Stakeholders Inspects SLA Power Equipment – Voice of Nigeria

By Ifunanya / December 8, 2023

Nigerian Power Sector Gets a Boost as Stakeholders Inspect SLA Power Equipment The Nigerian power sector recently witnessed a significant […]

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Dangote refinery gets one million barrels of crude expects NNPCLs

A Major Milestone for Dangote Refinery as it Acquires One Million Barrels of Crude Oil

By Ifunanya / December 8, 2023

The Dangote Petroleum Refinery and Petrochemicals, a colossal 650,000 barrels per day plant located in Nigeria, has achieved a significant […]

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