African Business News

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

Nigeria Signs Bilateral Air Service Agreement With Kuwait – Voice

Nigeria and Kuwait Ink Air Service Agreement to Foster Economic Ties

By Ifunanya / December 6, 2023

Nigeria, at the ongoing International Civil Aviation Negotiation (ICAN) Event of the International Civil Aviation Organization (ICAO) in Riyadh, Saudi […]

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COP28 NNPCL signs two LNG deals

Nigerian National Petroleum Company Seals Game-Changing LNG Deals at COP28

By Ifunanya / December 6, 2023

Amidst the buzz and fervent discussions at the 28th UN Climate Change Conference (COP28) in Dubai, the Nigerian National Petroleum […]

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Legislature and Executive Collaboration Has Raised Revenue

How Collaborative Efforts Between the Legislature and Executive Branch Are Boosting Revenue: Insights from Senator Barau

By Ifunanya / December 6, 2023

As the global economy continues to navigate the challenges posed by the COVID-19 pandemic, Nigeria’s commitment to enhancing revenue generation […]

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House Of Reps Issues Warrant Of Arrest On CBN Governor

House Of Reps Issues Warrant Of Arrest On CBN Governor, Others – Voice of Nigeria

By Ifunanya / December 6, 2023

House of Representatives Issues Arrest Warrant for CBN Governor and Others The House of Representatives in Nigeria has issued a […]

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Aganga Canvasses For Offshore Investments Into Nigerian Pension Funds –

Aganga Canvasses For Offshore Investments Into Nigerian Pension Funds – Voice of Nigeria

By Ifunanya / December 6, 2023

Unlocking the Potential: The Call for Offshore Investments in Nigerian Pension Funds Olusegun Aganga, Nigeria’s former Minister of Industry, Trade, […]

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Tinubus CoS Gbajabiamila gets N21bn allocation from 2024 budget

Tinubu’s Chief of Staff Receives N21 Billion Allocation in 2024 Budget: The Inside Story

By Ifunanya / December 6, 2023

In a compelling revelation, it has come to light that Femi Gbajabiamila, Chief of Staff to President Bola Ahmed Tinubu, […]

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Nigeria Signs MOU For 1GW Solar PV Plant – Voice

Nigeria embarks on revolutionary 1GW Solar PV Project, propelling sustainable future

By Ifunanya / December 6, 2023

The Infrastructure Corporation in Nigeria, InfraCorp, has officially inked a groundbreaking Memorandum of Understanding (MoU) to establish a 1-gigawatt Solar […]

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Naira gains against US Dollar at forex market

The Naira Gains Ground Against the US Dollar, Reflecting Nigeria’s Volatile Forex Market

By Ifunanya / December 6, 2023

Once again, Nigeria’s currency, the Naira, has made significant gains against the US Dollar in the official foreign exchange market. […]

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Naira Devaluation External reserves fall by 165bn in six months

The Unraveling of Nigeria’s Naira: Foreign Reserves Plummet by $1.65 Billion in Six Months

By Ifunanya / December 6, 2023

As Nigeria grapples with relentless fluctuations in foreign exchange rates, the country’s foreign exchange reserves have contracted by a staggering […]

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External reserves fall 165bn in six months

Nigeria’s Foreign Reserves Decline by $1.65 Billion in Six Months

By Ifunanya / December 6, 2023

Over the past six months, Nigeria’s foreign exchange reserves have experienced a significant decrease, dropping by $1.65 billion to a […]

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NGX bounces back gains 043 Tuesday

NGX Surges with 0.43% Gain, Rebounding Strongly

By Ifunanya / December 5, 2023

The Nigerian Exchange Limited showed remarkable resilience and made a strong comeback, recording a 0.43% increase on Tuesday to close […]

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Despite E30m profits in October Spotify mulls 17 job cuts

Despite €30m profits in October, Spotify mulls 17% job cuts

By Ifunanya / December 5, 2023

In a surprising turn of events, music streaming behemoth Spotify has announced its intention to trim its workforce by approximately […]

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CBNs anti money laundering fight triggers fresh BVN race in banks

The Fight Against Money Laundering: Nigeria’s Race to Link BVN and NIN

By Ifunanya / December 5, 2023

To intensify the battle against money laundering, the Central Bank of Nigeria has mandated that all bank customers link their […]

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NLC Plans Nationwide Protest Over Subsidy Removal

Federal Government To Spend Highly On Salaries, Pensions

By Henry Orji / December 3, 2023

This increase contrasts with the N23.37 trillion allocated for capital expenditure during the same period. This budget distribution continues the […]

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nigerian naira 1000x600

Black Market Dollar To Naira Exchange Rate Today 1st December 2023

By Henry Orji / December 3, 2023

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? […]

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naira Dollar 1 1000x600

Naira Depreciates To N1,165/$ At Parallel Market

By Henry Orji / December 3, 2023

The Nigerian naira weakened to N1,165 per dollar in the parallel foreign exchange market on Thursday, a N5 decrease from […]

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Naira Depreciates By 11% To N927.19/$ At Official Market

By Henry Orji / December 3, 2023

The Nigerian naira saw a marginal drop in value to N927.19 per dollar at the Nigerian Autonomous Foreign Exchange Market […]

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Current USD to Naira Exchange Rate in Black Market: 2nd December 2023

By Henry Orji / December 3, 2023

The exchange rate for the US dollar to Nigerian Naira stands at N1162 for buying and N1165 for selling in […]

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nigerian naira 1000x600

The Black Market Dollar to Naira Exchange Rate Today: 3rd December 2023

By Henry Orji / December 3, 2023

The black market exchange rate for the dollar to naira, also known as the parallel market rate (Aboki fx), reflects […]

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Governor Sule Unveils N199.9bn Budget Proposal to Nasarawa State Assembly

By Ifunanya / December 2, 2023

Governor Abdullahi Sule of Nasarawa State has taken a significant step in steering the state towards development by presenting the […]

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