African Business News

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

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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We’ve completed 1,403 projects in three years – REA breaks silence over corruption allegations

By Ifunanya / October 20, 2023

The Rural Electrification Agency (REA) says it has completed 1,403 projects and provided power to 7.5 million people under its […]

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NERC records N5.63bn revenue in Q2 2023

By Ifunanya / October 20, 2023

The Nigerian Electricity Regulatory Commission, NERC, generated N5.63 billion as revenue. The Commission disclosed this in its just lately launched […]

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NGX Benchmark Index Slumps by 0.38%: Profit-Taking Triggers Negative Sentiments

By Ifunanya / October 19, 2023

Thursday’s trading session on the Nigerian Exchange Limited (NGX) witnessed a setback as the benchmark index fell by 0.38%, erasing […]

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NNPCL allays fears of fuel scarcity

By Ifunanya / October 19, 2023

The Nigerian National Petroleum Company Limited, NNPCL, has allayed fears of fuel scarcity due to the emergence of queues in […]

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Nigeria, GIZ, others collaborate to implement Free Trade Agreement

By Ifunanya / October 19, 2023

The Nigerian Government in collaboration with the Government of Germany by way of GIZ and different stakeholders have converge on […]

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FIRS Chairman Adedeji, Oyedele to discuss fiscal coverage, tax reforms at Senate retreat

By Ifunanya / October 19, 2023

The appearing Chairman of the Federal Inland Revenue Service, FIRS, and the Presidential Committee on Fiscal Policy and Tax Reforms […]

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Naira hits N1080 to Dollar as forex crisis worsens

By Ifunanya / October 18, 2023

Nigeria’s currency, the Naira, on Wednesday slumped to N1080 per Dollar at the foreign exchange parallel Market. Dayyabu Ashiru, a […]

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Government Seeks More Partnership For Empowerment Of Women In Nigeria

By Ifunanya / October 18, 2023

By: Salamatu Ejembi, LagosLast updated Oct 18, 2023 The Nigerian government has called for more partnerships between it and the […]

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Nigeria to Review Bilateral Air Service Agreement with Algeria – Aviation Minister, Keyamo

By Ifunanya / October 18, 2023

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that Nigeria will be conducting a comprehensive review of […]

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Reps finance committee to focus on revenue leakages

By Ifunanya / October 18, 2023

The House of Representatives Committee on Finance says it plans to block revenue leakages in government Ministries, Departments and Agencies […]

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Reps Assure Government of Speedy passage of 2024 Budget

By Ifunanya / October 18, 2023

The House of Representatives Committee on Appropriation, has assured president Bola Tinubu of speedy passage of the 2024 Appropriation Bill when […]

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Nigeria’s States Generate ₦6.6 Trillion in 2022, According to BudgIT’s Report

By Ifunanya / October 17, 2023

In 2022, the 36 states of Nigeria collectively generated ₦6.6 trillion in revenue, which represents a significant increase of 28.95% […]

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Code Africa Initiative to Empower African Youths with ICT Skills Training

By Ifunanya / October 17, 2023

CodeAfrica, a leading technology and enterprise solution development company, has recently announced its plans to provide free training programs aimed […]

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