African Business News

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

President Tinubu’s Vision: Transforming Nigeria into a G-20 Economy by 2031

By Ifunanya / November 1, 2023

By: Bitrus Kozah Last updated: October 31, 2023 Nigeria’s Minister of Steel Development, Prince Shuaibu Audu, revealed that President Bola […]

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Tinubu Sends Strong Warning to Players in Nigeria’s Mining Sector

By Ifunanya / November 1, 2023

President Bola Ahmed Tinubu has issued a stern warning to both private companies and public servants involved in fraudulent practices […]

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Commodity Market: The Key to Nigeria’s Economic Growth

By Ifunanya / October 31, 2023

Financial expert, Dr. Abubakar Muhammad, is confident that unlocking the potential of the commodities market will pave the way for […]

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CBN Denies Plans for Naira Redenomination, Urges Public to Disregard Rumors

By Ifunanya / October 31, 2023

The Central Bank of Nigeria (CBN) has refuted the recent claims circulating in various media that it intends to redenominate […]

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Oyo State Government Empowers SMEs with N500m Grant Disbursement

By Ifunanya / October 31, 2023

October 30, 2023 By Olubunmi Osoteku, Ibadan  The Oyo State Government has taken a bold step towards economic recovery by […]

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Naira Depreciates against Dollar: A Challenging Start to the Week for Nigeria’s Currency

By Ifunanya / October 31, 2023

In a discouraging turn of events, Nigeria’s currency has faced a decline against the Dollar at the foreign exchange market […]

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Sustainable Development: Business Leaders Collaborate with UN to Drive SDG Reforms

By Ifunanya / October 30, 2023

Top business leaders from the Global Investors for Sustainable Development (GISD) Alliance have launched an exciting new phase of collaboration […]

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Nigeria’s Average Airfare Price Skyrockets to N79,000 in September

By Ifunanya / October 30, 2023

The cost of air travel in Nigeria surged to an alarming average price of N79,013.48 in September 2023, according to […]

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Rising Cooking Gas Prices in Nigeria

By Ifunanya / October 30, 2023

The cost of cooking gas in Nigeria has seen an increase of 1.81% on a month-on-month basis, according to the […]

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Germany considers investing $51 billion in Nigeria’s booming gas industry

By Ifunanya / October 30, 2023

Germany is exploring the possibility of injecting substantial investment into Nigeria’s gas sector, estimated to be worth over $51 billion. […]

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Lagos State Governor Urges NICA To Promote Credit Management Profession

By Ifunanya / October 29, 2023

Lagos State Governor, Babajide Sanwo-Olu, has urged the National Institute of Credit Administration to continue to promote credit management profession […]

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Naira gains in forex market sustainable – ABCON

By Ifunanya / October 29, 2023

The Association of Bureaux De Change Operators of Nigeria says the Naira’s return to the growth path is sustainable because […]

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Over 600 Million Africans Lack Access to Modern Energy—APPO

By Ifunanya / October 29, 2023

In a recent announcement at the third edition of the African Local Content Roundtable in Abuja, the African Petroleum Producers […]

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Petroleum Tanker Drivers Call for Due Process in NUPENG Elections

By Ifunanya / October 28, 2023

The Petroleum Tanker Drivers Association, (PTD) has called on the Leaders of the Nigeria Union of Petroleum and Natural Gas Workers, […]

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Exit of IOCs from Nigeria: Senate to probe implementation of PIA

By Ifunanya / October 28, 2023

The Senate has mandated its Committee on Petroleum Upstream, Downstream and Gas to conduct a holistic investigation on the implementation […]

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FG vows to revoke 97 idle marginal fields

By Ifunanya / October 28, 2023

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the federal government will revoke about 97 marginal […]

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Naira Value Soars as Dollar Exchange Rate Drops

By Ifunanya / October 28, 2023

In an encouraging turn of events, the Nigerian naira has appreciated significantly against the United States dollar in recent days. […]

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EV Battery Coys Kick as China Plans to Restrict Graphite Exports

By Ifunanya / October 27, 2023

Beijing’s move to restrict graphite exports will have a disproportionate impact on foreign makers of electric vehicle battery components who […]

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Nigeria’s Power Minister Emphasizes the Urgent Need for Gas and Infrastructure Expansion to Meet Growing Demands

By Ifunanya / October 27, 2023

The Minister of Power, Adebayo Adelabu, has highlighted the pressing need for Nigeria to invest in substantial additional gas, generation, […]

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Nigeria’s Coffee Industry Soars: Projected $2bn Revenue within Two Years

By Ifunanya / October 27, 2023

Nigeria’s coffee manufacturing industry is poised for tremendous growth, with optimistic projections indicating that it could generate a staggering $2bn […]

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