African Business News

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

Military Foils N1.2bn Crude Oil Theft as Nigeria Increases Production Capacity

By Ifunanya / October 27, 2023

In a significant feat in Nigeria’s fight against oil theft, the Defence Headquarters announced on Thursday that the military had […]

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Imminent Mining Reforms Coming: Dr. Alake Vows to Transform Nigeria’s Mining Industry

By Ifunanya / October 27, 2023

Nigeria’s mining industry is on the brink of a profound transformation as the Minister of Solid Minerals Development, Dr. Oladele […]

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122521 ngx continues bearish trend as all share index declines by 0 18

NGX Continues Bearish Trend as All-Share Index Declines by 0.18%

By Ifunanya / October 26, 2023

The Nigerian Exchange Limited (NGX) maintained its bearish run in Thursday’s trading session, with the All-Share Index (ASI) falling by […]

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Naira Makes a Long-Awaited Comeback, Appreciating Against the US Dollar for the First Time in Three Weeks

By Ifunanya / October 26, 2023

In a surprising turn of events, the Nigerian Naira has finally seen a glimmer of hope as it appreciated against […]

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African Oil and Gas Sector Reliant on Imported Equipment, Says NCDMB Executive Secretary

By Ifunanya / October 26, 2023

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has revealed that the African […]

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Maritime workers to commence indefinite strike Oct 30

By Ifunanya / October 26, 2023

The Maritime Workers Union of Nigeria (MWUN) says it might resume its suspended strike within the delivery sector of the […]

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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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