African Business News

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

States in Nigeria explore on New Electricity Act

By Ifunanya / October 26, 2023

The Nigeria Electricity Act 2023, signed into law on June 9, 2023 by Nigeria’s President Bola Tinubu, has made a […]

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Reps Pledge to Investigate N8 Trillion Unremitted Revenue and Subsidy Scam

By Ifunanya / October 25, 2023

In a determined stance, the House of Representatives announced during its plenary session on Wednesday that it will conduct a […]

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NAICOM Unveils Visionary 10-Year Plan to Revitalize the Insurance Sector and Boost Economic Growth

By Ifunanya / October 25, 2023

The National Insurance Commission (NAICOM) has unveiled a comprehensive 10-year Roadmap to deepen the insurance sector and drive economic growth […]

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122020 faac distributes n903bn to federal state and local governments as september revenue

FAAC Distributes N903bn to Federal, State, and Local Governments as September Revenue

By Ifunanya / October 25, 2023

The Federation Account Allocation Committee (FAAC) disbursed a total of N903.480 billion as revenue for the month of September 2023 […]

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Tinubu Plans Extensive Overhaul of Nigeria’s Tax System

By Ifunanya / October 25, 2023

There are strong indications that the Presidential Committee on Tax Reforms and Fiscal Policy in Nigeria, inaugurated by President Bola […]

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Lagos State Governor Inaugurates Automobile Assembly Plant

By Ifunanya / October 25, 2023

Lagos State Governor, Mr Babajide Sanwo-Olu has commissioned a fully equipped automobile assembly plant site in collaboration with CIG Motors […]

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Reps Pledge to Strengthen RMAFC’s Mandate for Greater Efficiency and Accountability

By Ifunanya / October 24, 2023

In a bid to enhance the effectiveness and efficiency of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the House […]

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Nigeria Economic Summit Fosters Public-Private Synergy – Dana Air

By Ifunanya / October 24, 2023

Tanimu Hassan, AbujaFinal up to date Oct 24, 2023 The Nigerian Economic Summit Group has been described because the foremost […]

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Federal Executive Council Approves $3.45bn Loan for Power Sector and Other Projects

By Ifunanya / October 24, 2023

The Federal Executive Council (FEC) has given its approval for the application of a $3.45bn loan to finance various projects, […]

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IGR: Lagos, Rivers and FCT generate highest revenue – NBS

By Ifunanya / October 24, 2023

The National Bureau of Statistics (NBS) says the 36 States of the Federation and the FCT, generated over one trillion […]

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P&ID: UK Court Ruling Liberates Nigeria’s Global Assets

By Ifunanya / October 23, 2023

The Nigerian authorities says the nation’s triumph within the $11.5 billion case in opposition to Process and Industrial Developments Limited […]

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$11bn P&ID debt: Great lesson for Nigerian govt – Shehu Sani

By Ifunanya / October 23, 2023

Shehu Sani, a former Kaduna Central senator, said the Process & Industry Development (P&ID) Limited judgement should serve as a […]

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$10bn Forex Inflow Expected in Weeks – Finance Minister Edun

By Ifunanya / October 23, 2023

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that Nigeria is set to receive […]

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FG Unveils Ambitious Plans for Affordable Homes Catering to 80% of Low-Income Earners

By Ifunanya / October 23, 2023

The Federal Government is set to embark on an ambitious project aimed at providing cost-effective housing for the majority of […]

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Naira Depreciation Against Dollar Continues as Forex Crisis Worsens

By Ifunanya / October 23, 2023

The Nigerian currency, the Naira, is facing a continuing trend of depreciation against the Dollar in the foreign exchange market. […]

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Nigeria’s oil revenue rises by N273.8bn in September

By Ifunanya / October 22, 2023

Nigeria’s oil earnings rose by over N273.8bn in September 2023 following the rise in crude oil production. READ ALSO: Nigeria’s Oil […]

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$1bn spent on humanitarian response in Nigeria’s Northeast in 18 months – UN

By Ifunanya / October 22, 2023

The United Nations Office for the Coordination of Humanitarian Affairs,UNOCHA, says it spent at least $1.1 billion in its humanitarian […]

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Rural Electrification Agency Set to Electrify 250,000 Nigerian households by 2024

By Ifunanya / October 22, 2023

The Rural Electrification Agency (REA) has announced its plans to provide support to 250,000 households in Nigeria through a series […]

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Highest Price of Diesel in September Recorded in Kano, Anambra, and Niger – NBS

By Ifunanya / October 22, 2023

The month of September 2023 has seen Kano, Anambra, and Niger states take the lead in terms of the highest […]

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120825 ngx ends week with bearish performance as asi declines by 0 27 on friday

NGX closes week on bearish note as ASI declines by 0.27% on Friday

By Ifunanya / October 21, 2023

The Nigerian Exchange Group data revealed that the stocks continued their bearish run at the close of Friday’s trading session […]

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