African Business News

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

Rise in Nigerian Students Studying in the US Amidst FX Scarcity

By Ifunanya / November 14, 2023

An increase in Nigerian students pursuing higher education in the United States has been recorded, with 17,640 students enrolled for […]

Continue Reading
128672 nigerians express fear over rising cases of aircraft near miss incidents

Nigerians express fear over rising cases of aircraft near-miss incidents

By Ifunanya / November 14, 2023

There is apprehension among Nigerians over the rising cases of plane crash-landing incidents within Nigeria’s aviation industry. In 14 days, […]

Continue Reading

Senate Cautions MDAs Against Non-Remittance of IGR to Consolidated Revenue Account

By Ifunanya / November 14, 2023

Lekan Sowande, Abuja.Last updated Nov 14, 2023 The Nigerian Senate has cautioned Ministries, Departments and Agencies (MDAs) against delayed and […]

Continue Reading
52522 coeasu rejects discriminatory salary increase asks fg to return to renegotiation

COEASU Urges FG to Exclude Colleges of Education from 40% IGR Remittance Policy

By Ifunanya / November 14, 2023

The Colleges of Education Academic Staff Union (COEASU) has strongly advised the Federal Government to reconsider its policy requiring tertiary […]

Continue Reading

NGX: Market Sees 0.33% Decline in Benchmark Index

By Ifunanya / November 13, 2023

The Nigerian Exchange Limited, NGX, kicked off the week’s trading activities on a negative note as the benchmark index registered […]

Continue Reading
128458 nigeria braces for potential 30 inflation in december according to kpmg

Nigeria Braces for Potential 30% Inflation in December, According to KPMG

By Ifunanya / November 13, 2023

It has been projected by KPMG that Nigeria may experience a staggering 30% inflation by December 2023, attributed to the […]

Continue Reading

House of Reps Set to Launch ‘NASS Eyes’ App to Monitor Budget Transparency and Implementation

By Ifunanya / November 13, 2023

Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu, has announced the forthcoming launch of an application, ‘NASS […]

Continue Reading
128203 nigeria spends 1 7bn yearly on milk imports cattle breeders

Nigeria spends $1.7bn yearly on milk imports – Cattle breeders

By Ifunanya / November 13, 2023

The National President of the Miyetti Allah Cattle Breeders Association of Nigeria, (MACBAN) Baba Ngelzarma has said that Nigeria spends […]

Continue Reading

NEITI, EFCC In Talks To Strengthen Collaboration

By Ifunanya / November 12, 2023

Last updated Nov 12, 2023 The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Economic and Financial Crimes […]

Continue Reading

Nigeria Customs Intercepts N924m Worth of Contraband, Including Cannabis and Tramadol

By Ifunanya / November 12, 2023

The Nigeria Customs Service, Western Marine Command, has disclosed that it intercepted contraband worth N924 million between August and October. […]

Continue Reading

Dangote Refinery to Begin Production Soon

By Ifunanya / November 11, 2023

Last updated Nov 11, 2023 The Dangote refinery has secured a license to refine more than 300,000 barrels of Nigerian […]

Continue Reading

Dangote to refine more than 300,000 barrels of crude daily

By Ifunanya / November 11, 2023

Aliko Dangote has said that the Dangote Refinery has secured a licence to refine more than 300,000 barrels of Nigerian […]

Continue Reading

Telecom Industry Appeals to Government to Address Issue of Multiple Taxation

By Ifunanya / November 11, 2023

The Association of Telecommunication Companies of Nigeria (ATCON) has called on the government to tackle the issue of double taxation […]

Continue Reading
127712 oil communities warn nuprc of production shutdown over pia fund

Oil Communities Warn NUPRC of Production Shutdown Over PIA Fund

By Ifunanya / November 11, 2023

Oil-producing communities in Bayelsa State have issued a stern warning, signaling a potential halt in oil production across the state […]

Continue Reading

Nigerian Government Creates Enabling Environment To Improve Satellite Communication Services

By Ifunanya / November 10, 2023

The Nigerian government says it is creating an enabling environment for businesses with the blueprints and infrastructure it is putting […]

Continue Reading
127470 collaborative efforts urged to enhance naira stability in forex market

BDC operator calls for collective efforts to stabilise naira

By Ifunanya / November 10, 2023

The managing director of 313 Bureau de Change, Alhaji Murtala Bashir, has emphasised the need for collective efforts to ensure […]

Continue Reading

Nigeria and Saudi Arabia Sign Groundbreaking Energy Cooperation Agreement

By Ifunanya / November 10, 2023

The Federal Ministry of Petroleum Resources has disclosed that Nigeria and Saudi Arabia have entered into a Memorandum of Understanding […]

Continue Reading
127323 nigeria and saudi arabia seal pact to boost energy collaboration

Nigeria and Saudi Arabia Seal Pact to Boost Energy Collaboration

By Ifunanya / November 10, 2023

Nigeria and Saudi Arabia have recently inked a Memorandum of Understanding (MoU) with the aim of strengthening energy cooperation and […]

Continue Reading

NGX All-Share Index Rises by 0.07% as Market Remains Bullish

By Ifunanya / November 10, 2023

The Nigerian Stock Exchange witnessed a steady upward trajectory as the All-Share index closed at 70,819.58 points, marking a 0.07% […]

Continue Reading

NNPC Reports Impact of Russia-Ukraine War on Nigerian Crude Oil Inflow

By Ifunanya / November 9, 2023

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has revealed the repercussions of the ongoing Russia-Ukraine war on Nigerian crude […]

Continue Reading
Scroll to Top