African Business News

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

Equities gain 0.17% on NGX

By Ifunanya / November 27, 2023

Salamatu Ejembi, Lagos Last updated Nov 27, 2023 The Nigerian equities market began this week’s trading activities by extending Friday’s gains […]

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133659 ncaa suspends united nigeria airlines foreign lease aircrafts after plane diversion

NCAA Suspends United Nigeria Airlines’ Foreign Lease Aircrafts After Plane Diversion

By Ifunanya / November 27, 2023

The Nigeria Civil Aviation Authority, NCAA, took swift action by suspending all foreign lease aircraft under United Nigeria Airlines following […]

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Oil Prices Dip to $80 a Barrel before OPEC+ Meeting

By Ifunanya / November 27, 2023

Oil prices took a slight dip on Monday as investors eagerly awaited the upcoming OPEC+ meeting set to determine supply […]

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Dangote Refinery To Start With 350,000bpd Crude — CEO

By Ifunanya / November 26, 2023

The President and Chief Executive Officer (CEO), Dangote Group, Aliko Dangote, has said that the $20bn Dangote refinery in Lekki, […]

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Ajay Banga

SERAP threatens to sue World Bank if it fails to suspend loans to Nigeria’s 36 states

By Henry Orji / November 26, 2023

Several Nigerian states, including Borno, Cross Rivers, Delta, Ebonyi, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kwara, and […]

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132868 students loan application to begin in january without middlemen femi gbajabiamila

Student Loan Application System to Begin January 2024

By Ifunanya / November 26, 2023

The Chief of Staff to the President, Femi Gbajabiamila, has said efforts are underway to ensure the take-off of the […]

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133120 nigeria customs service mulls upward review of pensions for retired officers

Nigeria Customs Service mulls upward review of pensions for retired officers

By Ifunanya / November 25, 2023

The Nigeria Customs Service, NCS, says it is targeting a thorough upward welfare review for retired officers. The Comptroller of […]

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Empowering Women in Energy: A Call to End Gas Flaring

By Ifunanya / November 25, 2023

The Federal Government is under pressure to attract more investors to the nation’s oil and gas sector by improving policies […]

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132983 cbn governor expects substantial reduction in nigerias inflation in next two quarters

CBN Governor Expects Substantial Reduction in Nigeria’s Inflation in Next Two Quarters

By Ifunanya / November 25, 2023

The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has expressed optimism that the monetary policy measures enacted by the […]

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FCTA Takes Action, Terminates Taxi Rank and Terminal Operators Contract

By Ifunanya / November 25, 2023

The Federal Capital Territory Administration (FCTA) has taken a decisive step by terminating the contract of operators managing terminals and […]

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132769 nigerias economy sees 2 54 growth in q3 2023

Nigeria’s GDP grows by 2.54% in Q3 2023

By Ifunanya / November 24, 2023

Nigeria’s Gross Domestic Product, GDP, grew by 2.54 per cent (year-on-year) in the third quarter of 2023. The National Bureau […]

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Varsity Don Charges Nigerian Government To Revitalise Ajaokuta Steel Complex

By Ifunanya / November 24, 2023

By: Tunde Akanbi, IlorinLast updated Nov 24, 2023 Nigerian Government has been charged to make efforts to revitalise the Ajaokuta […]

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CBN

CBN Urged to Implement Strategies for FX Stability, Says CPPE CEO

By Ifunanya / November 24, 2023

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has called on […]

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Naira Hits N956/$ Mark as Dollar Supply Plummets by 46%

By Ifunanya / November 24, 2023

The Nigerian naira suffered a significant blow, plummeting to N956/$ on the official Investor and Exporter forex window due to […]

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132458 fccpc issues warning over surge of fake online stores amid black friday sales

FCCPC Issues Warning Over Surge of Fake Online Stores Amid Black Friday Sales

By Ifunanya / November 24, 2023

The Federal Competition and Consumer Protection Commission (FCCPC) is cautioning Nigerians to beware of fraudulent online retailers as the annual […]

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130622 tinubu vows no student will drop out under my leadership

Tinubu Approves DICON Bill, 2023, Empowering Nigeria’s Defence Industry

By Ifunanya / November 23, 2023

President Bola Tinubu has officially given his assent to the Defence Industries Corporation of Nigeria (DICON) Bill, 2023, signifying a […]

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Nigeria Reaffirms Commitment to Fiscal Reforms

By Ifunanya / November 23, 2023

The Federal Government of Nigeria has reaffirmed its commitment to improve fiscal reforms at the subnational level by working assiduously […]

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132201 nigerias failure to harness 73 trillion intellectual property revenue wipo

Nigeria’s Failure to Harness $73 Trillion Intellectual Property Revenue – WIPO

By Ifunanya / November 23, 2023

The World Intellectual Property Organisation (WIPO) revealed on Wednesday that Nigeria has not yet capitalized on over $73 trillion in […]

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NNPC Assures Robust PMS Supply Beyond Yuletide Festivities

By Ifunanya / November 23, 2023

The Group Chief Executive Officer of NNPC Ltd., Mele Kyari, has reaffirmed that the Company has put in place a […]

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124953 naira sells at n880 1 in binance p2p market

Naira depreciates against dollar for second time

By Ifunanya / November 23, 2023

Nigeria’s currency, the naira, depreciated against the US dollar on Wednesday at the foreign exchange market. Official data from FMDQ […]

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