African Business News

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

30bn GDP Enugu govt National Institute launch pact

Enugu State Government and NIHOTOUR Launch Training to Boost Tourism and Hospitality Sector Toward $30bn GDP

By Ifunanya / December 8, 2023

The Enugu State Government has joined forces with the National Institute for Hospitality and Tourism, NIHOTOUR, to kickstart a three-day […]

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Forex inflow hits 11bn in two months – CBN

The Surge Continues: Nigeria’s Forex Inflow Reaches $11 Billion in Two Months

By Ifunanya / December 8, 2023

According to the Central Bank of Nigeria, the country’s aggregate foreign exchange inflow hit a staggering $11.11 billion in the […]

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Probe NNPCL to end forex crisis Sanusi

Sanusi Urges NNPCL Investigation to Tackle Nigeria’s Forex Crisis

By Ifunanya / December 8, 2023

Renowned former Central Bank of Nigeria Governor, Lamido Sanusi, has called for a thorough audit of the Nigerian National Petroleum […]

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NESG picks holes in Tinubus 2024 budget

NESG Analysis Reveals Flaws in President Bola Ahmed Tinubu’s 2024 Budget

By Ifunanya / December 8, 2023

The Nigerian Economic Summit Group (NESG) has raised concerns regarding the 2024 budget proposed by President Bola Ahmed Tinubu, shedding […]

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CBN reviews timeline for issuance of credit letters amid forex

The Central Bank of Nigeria Extends Timeline for Issuance of Credit Letters Amid Forex Crisis

By Ifunanya / December 8, 2023

Amid the ongoing foreign exchange crisis in Nigeria, the Central Bank of Nigeria (CBN) has taken significant steps to facilitate […]

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Power crisis raises product costs by 40 – Report

The High Cost of Darkness: Power Crisis In Nigeria Inflates Product Costs by 40%

By Ifunanya / December 8, 2023

Electricity woes in Nigeria have cast a formidable shadow over the economy, adding a staggering 40% to the expenses of […]

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Kwara State Government Opens Christmas New Year Trade Fair – Voice

Kwara State Government Fosters Local Businesses with Christmas and New Year Trade Fair

By Ifunanya / December 7, 2023

The Kwara State Governor, AbdulRahman AbdulRazaq, has underlined the administration’s commitment to creating a conducive environment for businesses to flourish, […]

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TCN raises alarm as insecurity threatens facilities

Security Threats Imperil Nigeria’s Power Infrastructure, Says TCN

By Ifunanya / December 7, 2023

The Transmission Company of Nigeria (TCN) has issued a stark warning about the precarious state of its transmission facilities in […]

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Nigerian Government Seeks Partnership with Advertising Industry To Boost Economy

Nigerian Government Seeks Partnership with Advertising Industry To Boost Economy – Voice of Nigeria

By Ifunanya / December 7, 2023

The Nigerian Government’s Quest for Economic Growth through Advertising Partnerships In a bid to bolster the nation’s economy, the Nigerian […]

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FCT IRS Chairman Bags Global Award on Public Sector Advocacy –

Federal Capital Territory Internal Revenue Service Chairman Honored with Global Public Sector Advocacy Award

By Ifunanya / December 7, 2023

The Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr. Haruna Abdullahi, has been bestowed with the prestigious […]

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Interior Ministry Exceeds Revenue Targets, Signals Job Protection for Nigerians

By Ifunanya / December 7, 2023

The Minister of Interior, Mr. Olubunmi Tunji, revealed that the ministry has generated a remarkable N1.195 billion in revenue within […]

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Nigeria Records Success in Energy Industry Divestment Strategy – Voice

Nigeria Records Success in Energy Industry Divestment Strategy – Voice of Nigeria

By Ifunanya / December 7, 2023

Nigeria’s Energy Sector Sees Major Divestment Success Nigeria has recently experienced a groundbreaking achievement in its energy industry divestment strategy, […]

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COP28 Nigeria secures over 5bn commitment for adaptation fund

Nigeria’s Triumph at COP28: A $5 Billion Boost for Climate Action

By Ifunanya / December 7, 2023

Amidst the bustling landscape of the climate change conference, COP28, held in Dubai, UAE, a remarkable triumph unfolded for Nigeria. […]

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Nigerian Capital Market Set to Attract 30tn Sustainability Fund –

Nigerian Capital Market Set to Attract $30tn Sustainability Fund – Voice of Nigeria

By Ifunanya / December 7, 2023

Nigerian Capital Market Poised to Attract $30 Trillion Sustainability Fund Nigeria’s capital market is gearing up to entice a staggering […]

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CBN raises exchange rate for cargo clearance amid forex crisis

The Central Bank of Nigeria Takes Drastic Step to Address Forex Crisis

By Ifunanya / December 7, 2023

The Central Bank of Nigeria (CBN) has made a significant move in response to the ongoing foreign exchange crisis by […]

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Naira depreciates against US Dollar at forex market

Naira Struggles as it Loses Ground Against US Dollar in Forex Market

By Ifunanya / December 7, 2023

The Naira, Nigeria’s currency, saw a significant depreciation against the US Dollar in the official foreign exchange market this Wednesday. […]

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Banks to disconnect non deposit financial institutions from transfer

Banks Directed to Cut Ties with Non-Deposit Financial Firms in Fund Transfers

By Ifunanya / December 7, 2023

In a recent directive, banks in Nigeria have been instructed to sever ties with Switches, Payment Solution Service Providers (PSSPs), […]

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2024 budget will achieve 61 per cent increase in health

“President Tinubu’s 2024 Budget Set to Revolutionize FCT’s Health Sector, Tackle ‘Japa’ Syndrome” – FCTA

By Ifunanya / December 7, 2023

The Federal Capital Territory Administration has announced that the revitalized 2024 budget, proposed by President Bola Ahmed Tinubu, is poised […]

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NGX bounces back gains 043 Tuesday

Nigerian Stock Market Sees 0.78% Increase in Overall Share Index

By Ifunanya / December 6, 2023

The Nigerian Exchange Limited concluded its equities trading on a positive note, with the All-Share Index experiencing a 0.78% increase, […]

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NGX All Share Index Advances By 08 Percent – Voice of

NGX All-Share Index Advances By 0.8 Percent – Voice of Nigeria

By Ifunanya / December 6, 2023

Nigerian Stocks Surge: NGX All-Share Index Spikes By 0.8% In a remarkable midweek surge, the Nigeria Exchange Group Limited (NGX) […]

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