African Business News

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

131995 reps urge nbc to engage multichoice in talks over dstv gotv subscription increase

Reps Urge NBC to Engage Multichoice in Talks Over DSTV/GOTV Subscription Increase

By Ifunanya / November 22, 2023

The House of Representatives has called on the National Broadcasting Commission (NBC) to initiate a dialogue with the Multichoice Group […]

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Anambra State Governor Presents 2024 Budget To State House

By Ifunanya / November 22, 2023

The Governor of Anambra State, Professor Chukwuma Soludo has presented a proposed budget of N410,132,225,272 (Four hundred and ten billion, […]

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131842 the surging cost of preparing nigerian jollof rice a 220 increase

The Surging Cost of Preparing Nigerian Jollof Rice: A 220% Increase

By Ifunanya / November 22, 2023

The preparation cost of Nigeria’s iconic Jollof rice has experienced a staggering surge of 220.7 per cent, soaring to N13,106 […]

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Nigeria Set to Begin Offshore Pension Investments – PenoP

By Ifunanya / November 22, 2023

The Pension Fund Operators Association of Nigeria (PenoP) has announced plans to venture into offshore pension investments to enhance returns […]

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124953 naira sells at n880 1 in binance p2p market

Naira Devalues Against Dollar, Suffers N81 Loss

By Ifunanya / November 22, 2023

The Nigerian naira experienced a decline in value against the US dollar in the foreign exchange market on Tuesday, as […]

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131587 governor umo eno unveils n845 63 billion budget proposal to akwa ibom assembly

Governor Umo Eno Unveils N845.63 Billion Budget Proposal to Akwa Ibom Assembly

By Ifunanya / November 21, 2023

Governor Umo Eno of Akwa Ibom State has presented the 2024 financial year budget proposal of N845.63 billion to the […]

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Crude Oil Shipping: FIRS Urges Foreign Coys to Obey Tax Laws

By Ifunanya / November 21, 2023

Elizabeth ChristopherLast updated Nov 21, 2023 The Federal Inland Revenue Service (FIRS), has charged non-domestic companies shipping crude oil from […]

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131428 foreign companies in nigeria must adhere to tax laws firs chairman

Foreign Companies in Nigeria Must Adhere to Tax Laws – FIRS Chairman

By Ifunanya / November 21, 2023

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has urged non-domestic companies involved in the shipment of […]

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Germany Pledges to Enhance Nigeria’s Rail Infrastructure with Investment

By Ifunanya / November 21, 2023

Germany has pledged its commitment to investing in Nigeria’s rail infrastructure and expanding the scope of German investments within the […]

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131297 fg collaborates with states to develop vital sectors finance minister

FG Collaborates with States to Develop Vital Sectors – Finance Minister

By Ifunanya / November 21, 2023

The Federal Government has reiterated its commitment to collaborating with states to strengthen the capacity for mobilising domestic revenue in […]

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30 NYSC Members Secure N10M Business Grant in Unity Bank’s Corpreneurship Challenge

By Ifunanya / November 21, 2023

Unity Bank Plc, a leading retail lender in Nigeria, has announced the winners of its flagship Entrepreneurship Development Initiative, the […]

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129826 nigerias finance minister relying on borrowing is unsustainable

FG Records Over N1tn Monthly Revenue Inflow Since Subsidy Removal – Minister reveals

By Ifunanya / November 20, 2023

The Minister of Finance, Mr Wale Edun, has revealed that the Federation Account has experienced a significant increase in revenue […]

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Akwa Ibom State Governor Commends National Bureau Of Statistics for Remarkable Performance

By Ifunanya / November 20, 2023

The National Bureau of Statistics (NBS) has received accolades for its exceptional role in enhancing the national and state statistical […]

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131069 fg explores job creation partnership with starlink in nigeria

FG Explores Job Creation Partnership with Starlink in Nigeria

By Ifunanya / November 20, 2023

The Federal Government of Nigeria has revealed its discussions with SpaceX’s internet company, Starlink, to explore opportunities for creating jobs […]

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Nigeria Partners with Sun Africa on Power Infrastructure

By Ifunanya / November 19, 2023

Chioma Eche, AbujaLast updated Nov 19, 2023 Nigeria’s Minister of Power, Adebayo Adelabu has disclosed that the Sun Africa LLC, […]

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130716 price of rice to surge by 32 in 2024 afex

Price of rice to surge by 32% in 2024 – AFEX

By Ifunanya / November 19, 2023

The price of rice in Nigeria is projected to increase by 32 per cent in 2024, according to AFEX’s recent […]

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124953 naira sells at n880 1 in binance p2p market

Nigerian Naira Strengthens Against US Dollar Over Weekend

By Ifunanya / November 19, 2023

Over the weekend, Nigeria’s currency, the naira, experienced a significant gain against the US dollar in the foreign exchange market. […]

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Federal Capital Territory Administration  To Formalise Pantaker Market In Abuja

By Ifunanya / November 18, 2023

Authority of the Nigerian Federal Capital Territory Administration (FCTA) has disclosed plans to establish a world class Pantaker Enterprise hub […]

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130354 yobe states low igr sparks concern urgent call for fiscal discipline

Group expresses concern over Yobe’s low IGR, calls for improved fiscal discipline

By Ifunanya / November 18, 2023

The Network of Yobe Civil Society Organizations, (NYCSO), has expressed concern over the persistent low Internally Generated Revenue (IGR) performance […]

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Central Bank of Nigeria Set to Increase Lending Rate by 100bps

By Ifunanya / November 18, 2023

The forthcoming monetary policy meeting of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) is anticipated to result in […]

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