African Business News

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

Households in Taraba groan as prices of Kerosene, cooking gas soar

By Ifunanya / October 15, 2023

The high cost of Kerosene in Taraba State has begun to affect the livelihoods of residents, especially low-income households. The […]

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Nigerian Gas Association Advocates the Adoption of Compressed Natural Gas

By Ifunanya / October 15, 2023

![Gas Plant](https://von.gov.ng/wp-content/uploads/2023/10/gas-plant-750×430.jpg) The Nigerian Gas Association is urging the adoption of Compressed Natural Gas (CNG) as a viable alternative to […]

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118592 127 poultry farms shut down resulting in over n5bn loss due to economic hardship farmers lament

127 Poultry Farms Shut Down, Resulting in Over N5bn Loss Due to Economic Hardship – Farmers Lament

By Ifunanya / October 15, 2023

The Poultry Farmers Association of Nigeria (PAN) has reported a staggering loss of over five billion Naira and the closure […]

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Wema Bank and Assembly Hub Collaborate to Empower Entrepreneurs in Fashion Industry

By Ifunanya / October 14, 2023

Wema Bank, in partnership with Assembly Hub, has launched a business accelerator program called “The Creative Class” to empower and […]

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118499 naira appreciates slightly as cbn removes restriction on 43 items

Naira Appreciates Slightly as CBN Removes Restriction on 43 Items

By Ifunanya / October 14, 2023

The Nigerian currency, the Naira, experienced a marginal appreciation, reaching N764.86/$1 at the close of business on Friday. This favorable […]

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118349 nitda invites applications for n5m ai research grant for tech startups

NITDA Invites Applications for N5m AI Research Grant for Tech Startups

By Ifunanya / October 14, 2023

The National Information Technology Development Agency (NITDA), in collaboration with the Federal Ministry of Communications, Innovations, and Digital Economy, has […]

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CBN

Central Bank of Nigeria Provides Justification for Lifting Forex Restriction on 43 Items

By Ifunanya / October 14, 2023

The Central Bank of Nigeria (CBN) has outlined the reasons behind its decision to remove foreign exchange restrictions on 43 […]

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President Tinubu pulls FCTA from TSA, permits use of IGR

By Ifunanya / October 13, 2023

Hudu Yakubu, AbujaLast updated Oct 13, 2023 The President Bola Ahmed Tinubu has granted approval for the Federal Capital Territory […]

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118029 nigerias plan to stop n941 6bn annual wheat imports in four years says agric minister

Nigeria’s Plan to Stop N941.6bn Annual Wheat Imports in Four Years, Says Agric Minister

By Ifunanya / October 13, 2023

The Nigerian federal government has announced its intention to completely phase out the annual N941.6 billion wheat importation within the […]

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89164 n125bn smes grant abuja chamber of commerce laud president tinubu

Abuja Chamber of Commerce and Industry Launches Training Programme

By Ifunanya / October 13, 2023

The Abuja Chamber of Commerce and Industry Business Entrepreneurship and Skill Technology Centre (ACCI-BEST) has recently introduced a revolutionary 10-month […]

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117861 insecurity borno govt bans mining activities

Insecurity: Borno govt bans mining activities

By Ifunanya / October 13, 2023

The Borno State Government has placed a ban on all mining activities in the state, due to the fragile security situation in the state. This is contained in a statement issued by the Commissioner for Information and Internal Security, Prof. Usman Tar, in Maiduguri on Friday. ”The state government is working on mapping and securing

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CBN

CBN Lifts Forex Restriction: Full List of 43 Items Now Accessible

By Ifunanya / October 13, 2023

In a significant development, the Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions on 43 items […]

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117515 vp shettima assures investors of adequate power supply for industrial clusters

VP Shettima Promises Adequate Power Supply

By Ifunanya / October 12, 2023

The Nigerian Government has assured investors in the country of adequate power supply, especially in industrial clusters. Vice President, Kashim […]

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117507 cbn lifts ban on 43 restricted items and pledges to clear forex backlog

CBN Lifts Ban on 43 Restricted Items and Pledges to Clear Forex Backlog

By Ifunanya / October 12, 2023

The Central Bank of Nigeria (CBN) has announced that it has lifted the ban on 43 items previously restricted from […]

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117378 nigerian oil firms acquire 26 divested licenses in 10 years

Nigerian Oil Firms Acquire 26 Divested Licenses In 10 Years

By Ifunanya / October 12, 2023

Nigerian oil companies have acquired about 26 oil mining licenses within the Niger Delta basin space within the final decade. […]

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117371 nigerias oil production hits 1 35m barrels per day highest in 2023 scaled

Nigeria’s oil production hits 1.35m barrels per day, highest in 2023

By Ifunanya / October 12, 2023

As the onslaught in opposition to oil theft continued in the Niger Delta area, Nigeria’s crude oil output rose to […]

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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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