African Business News

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

130224 world bank and delta state government collaborate to enhance access to clean water

World Bank and Delta State Government Collaborate to Enhance Access to Clean Water

By Ifunanya / November 18, 2023

The World Bank and Delta State Government have joined forces in a bid to enhance access to clean and safe […]

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Amazon to Cut Down Alexa Voice Assistant Jobs

By Ifunanya / November 18, 2023

Last updated Nov 17, 2023 E-commerce giant, Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant […]

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FCT Minister, Governors Extend Invitation to Foreign Investors

By Ifunanya / November 17, 2023

The Minister of the Federal Capital Territory (FCT) in Nigeria, Mr. Nyesom Wike, alongside the Governors of Rivers State, Simi […]

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124953 naira sells at n880 1 in binance p2p market

Naira depreciates against US Dollar as forex fluctuation persists

By Ifunanya / November 17, 2023

Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on […]

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Gombe State Embraces Technology Solutions to Drive Economic Growth

By Ifunanya / November 17, 2023

The Gombe State Government is proactively pursuing technology-based initiatives to stimulate the state’s economy. A significant step in this direction […]

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129826 nigerias finance minister relying on borrowing is unsustainable

Nigeria’s Finance Minister: Relying on Borrowing is Unsustainable

By Ifunanya / November 17, 2023

The Nigerian Minister of Finance and Coordinating Minister for the Economy, Wale Edun, firmly stated that the country can no […]

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Customs CG Emphasizes the Importance of Policy Alignment for Nigeria’s Economic Growth

By Ifunanya / November 17, 2023

By David Adekunle, Lagos The Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has underscored the critical role of […]

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124728 power outage in imo state eedc cites workers industrial action as cause

EEDC Restores Electricity Supply in Imo, Others following NLC and TUC Strike Suspension

By Ifunanya / November 16, 2023

The Enugu Electricity Distribution Company (EEDC) has announced the restoration of power supply in Imo State and other regions under […]

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Coronation Group Attracts Investors at London Parade

By Ifunanya / November 16, 2023

The Coronation Group, an investment management firm, has made a significant move to actively engage investors as the lead sponsor […]

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CBN

Central Bank of Nigeria Responds to Escalating Inflation in the Country

By Ifunanya / November 16, 2023

In the wake of Nigeria’s alarming inflation rate, the Central Bank of Nigeria (CBN) has adamantly maintained that its recent […]

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Nigerian Government Unveils $609m Fund For Tech Entrepreneurs

By Ifunanya / November 16, 2023

The Nigerian government has launched a fund of $609 million for tech entrepreneurs in Nigeria over the next four years. […]

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129403 northwest governors embark on agro industrial mission to ivory coast

Northwest Governors Embark on Agro-Industrial Mission to Ivory Coast

By Ifunanya / November 16, 2023

Seven governors representing the northwest states of Nigeria have set off for Abidjan, Côte d’Ivoire, to participate in a pivotal […]

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House Committee Laments Poor Account Submissions by Ministry and Agencies

By Ifunanya / November 16, 2023

The House of Representatives Committee on Steel Development has expressed dissatisfaction with the meagre account submissions from the Ministry and […]

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129259 mmia customs rakes in n74 29bn revenue in 10 months top official reveals

MMIA Customs Rakes in N74.29bn Revenue in 10 Months – Top Official Reveals

By Ifunanya / November 15, 2023

The Murtala Muhammed International Airport (MMIA), Command of the Nigeria Customs Service (NCS), has generated a substantial N74.29 billion from […]

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SEC Set to Launch Revolutionary E-Dividend Portal for Nigerian Capital Market

By Ifunanya / November 15, 2023

The Securities and Exchange Commission (SEC) is on the cusp of unveiling a groundbreaking e-dividend portal, poised to streamline the […]

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129104 boosting nigerias economy the case for cng over petrol by wale edun

Boosting Nigeria’s Economy: The Case for CNG over Petrol by Wale Edun

By Ifunanya / November 15, 2023

The call to prioritize Compressed Natural Gas (CNG) over Premium Motor Spirit (Petrol) by the Minister of Finance and Coordinating […]

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NNPC to inaugurate Ajaokuta–Kaduna–Kano Gas Pipeline

By Ifunanya / November 15, 2023

The Nigerian National Petroleum Company Limited has said the $2.8bn Ajaokuta–Kaduna–Kano gas pipeline project being constructed by Oilserve Limited will […]

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129025 senate considers legislation to privatise nipost for improved efficiency

Senate Considers Legislation to Privatise NIPOST for Improved Efficiency

By Ifunanya / November 15, 2023

The Nigeria Postal Service (NIPOST) may be facing a major transformation as the Joint Senate Committee on Medium-Term Expenditure and […]

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Kwara State Inks Partnership Deals with NEXIM in Cairo for Economic Empowerment

By Ifunanya / November 15, 2023

The Kwara State Government, located in North Central Nigeria, has finalized a partnership agreement with the Nigerian Export Import Bank, […]

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Tinubu Seals Multi-Billion Dollar Infrastructure Deal with Islamic Development Bank

By Ifunanya / November 14, 2023

President Bola Tinubu, during his visit to Mecca, Saudi Arabia, initiated negotiations for a multi-billion dollar infrastructure finance facility from […]

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