African Business News

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

117181 stock market bounces back with 0 17 increase

Stock Market Bounces Back with 0.17% Increase

By Ifunanya / October 12, 2023

Chiamaka Okechukwu On October 11, 2023 Midweek trades on the Nigerian Exchange Group Limited (NGX) ended positively as the key […]

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116756 presidential committee aims to streamline tax system in nigeria

Presidential Committee Aims to Streamline Tax System in Nigeria

By Ifunanya / October 11, 2023

Mr Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed plans to simplify […]

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Naira slumps to N1,025/$ as forex crisis worsens

By Ifunanya / October 11, 2023

Nigeria’s currency, the Naira, slumped to N1,025 per dollar at Tuesday’s parallel foreign exchange market as forex scarcity worsened. Ahmed […]

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Oil marketers counter NNPCL on fuel subsidy as scarcity worsens

By Ifunanya / October 11, 2023

Oil Marketers have countered the Nigerian National Petroleum Corporation Limited’s stance on Premium Motor Spirit, identified as Fuel subsidy. The […]

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116562 ngx market cap decreases by n64 billion as 29 stocks experience losses

NGX Market Cap Decreases by N64 Billion as 29 Stocks Experience Losses

By Ifunanya / October 11, 2023

By Chiamaka OkechukwuPublished on October 11, 2023 Tuesday saw a decline of 0.17 percent in transactions on the Nigerian Exchange […]

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116463 nigerias telecom operators consider increasing voice call and data tariffs

Nigeria’s Telecom Operators Consider Increasing Voice Call and Data Tariffs

By Ifunanya / October 11, 2023

Telecommunications operators in Nigeria are considering raising the prices of voice calls, data, and other services. The Association of Licensed […]

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116452 senate to probe rampant crude oil thefts in niger delta

Senate to Probe Rampant Crude Oil Thefts in Niger Delta

By Ifunanya / October 11, 2023

The Nigerian Senate has taken a decisive step towards addressing the rampant issue of crude oil theft in the Niger […]

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109024 cppe urges cbn governor cardoso to swiftly address forex crisis

Reps Committees Meet Central Bank Governor over Naira Depreciation

By Ifunanya / October 10, 2023

The House of Representatives has directed its committees on Banking Regulations and National Security and Intelligence to engage in discussions […]

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Nigerian Government Urged to Conduct Staff Audit

By Ifunanya / October 10, 2023

The House of Representatives has urged the Nigerian government to carry out a forensic audit of its staff to address […]

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116150 fg vows to bolster mining sectors contribution to nigerias gdp

FG Vows to Bolster Mining Sector’s Contribution to Nigeria’s GDP

By Ifunanya / October 10, 2023

The Minister of Solid Minerals Development, Dele Alake, has made a commitment to increase the mining sector’s contribution to Nigeria’s […]

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116132 nnpcl assures stable pms supply with 1 4b litres in stock

NNPCL Assures Stable PMS Supply With 1.4b Litres In Stock

By Ifunanya / October 10, 2023

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPCL, Mele Kyari, says there isn’t any problem within the […]

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116026 nigerian government affirms absence of subsidies stresses cost recovery for imported petrol

Nigerian Government Affirms Absence of Subsidies, Stresses Cost Recovery for Imported Petrol

By Ifunanya / October 10, 2023

In an official statement, the Nigerian government has made it clear that it does not provide subsidies for Petroleum Motor […]

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2023 WPD: NIPOST announces three winners of Letter Writing Competition

By Ifunanya / October 9, 2023

The Nigerian Postal Service, NIPOST, has announced three national winners of the 2023 World Post Day Letter Writing Competition. Sunday […]

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115887 developers call for reduced prices of building materials to address affordability gap

Developers Call for Reduced Prices of Building Materials to Address Affordability Gap

By Ifunanya / October 9, 2023

Stakeholders in the building industry are urging for a reduction in the prices of building materials in order to bridge […]

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Nigerian Government urged to consider persons with disabilities for employment

By Ifunanya / October 8, 2023

The Bible Society of Nigeria has called on the government at all levels to consider persons with disabilities for employment. […]

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NCC calls for more investment in data centre operations

By Ifunanya / October 7, 2023

The Nigerian Communication Commission (NCC) has called for more investment in data centre operations and the need for Nigeria to […]

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FG to kickstart $617.7m investment in digital, creative enterprises in Nov

By Ifunanya / October 7, 2023

Vice President Kashim Shettima has directed the Investment in Digital and Creative Enterprises (i-DICE) team to ensure that the programme […]

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Nasarawa State Youth Revolving Loan Scheme Remains Valid- DG

By Ifunanya / October 6, 2023

The Director General of Nasarawa State Human Capital Development Office, (NSHCDO) Habiba Balarebe Suleiman, has said that the Nasarawa state […]

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114024 telecom sector needs stable financing for sustainability ncc boss

Telecom Sector Needs Stable Financing For Sustainability, NCC Boss

By Ifunanya / October 6, 2023

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has stated to maintain the expansion within […]

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Nigeria’s active mobile subscribers hit 220m- NCC

By Ifunanya / October 5, 2023

The number of active mobile subscriptions in Nigeria has reached 220,715,961 million as at August 2023. READ ALSO: Nigeria’s Active Mobile […]

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