African Business News

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

111727 qnet launches compliance hotline on whatsapp to promote transparency in africa

QNET Launches Compliance Hotline on WhatsApp to Promote Transparency in Africa

By Ifunanya / October 1, 2023

QNET, a lifestyle and wellness company that employs a direct selling business model, has recently unveiled a Compliance Hotline on […]

Continue Reading
108043 tinubu commends prof amadi for winning nigeria prize for science

Delta Monarch Urges Tinubu to Restore Rescinded Cement Licenses

By Ifunanya / October 1, 2023

A prominent Delta monarch, King Obukohwo Monday Whiskey, Udurhie I, has passionately appealed to President Bola Tinubu to reinstate the […]

Continue Reading

Naira appreciates marginally at official foreign exchange market

By Ifunanya / September 30, 2023

According to data from the FMDQ website, the Naira rate closed at N755.27/$1 on Friday, indicating an appreciation of N20.04 […]

Continue Reading
111277 enugu state forms partnership with indonesia for industrialization and economic development

Enugu State to partner with Indonesia on industrialisation, economic development

By Ifunanya / September 30, 2023

Enugu State Government said it will be collaborating with the Indonesian Government to foster mutual prosperity, capital flows and diversification […]

Continue Reading
111160 ngx benchmark index ends week 1 40 weaker

NGX Benchmark Index Ends Week 1.40% Weaker

By Ifunanya / September 30, 2023

The Nigerian equities market saw a decline this week as the benchmark index, the Nigerian Exchange Limited (NGX) All-Share Index, […]

Continue Reading
111062 nationwide blackout fuel scarcity loom as workers mobilize for indefinite strike

Nationwide blackout, fuel scarcity loom as workers mobilize for indefinite strike

By Ifunanya / September 29, 2023

There are indications that Nigerians will experience nationwide blackout and fuel scarcity in the coming days as the National Union […]

Continue Reading
111004 faac allocates n1 1 trillion august revenue to federal state and local governments

FAAC Allocates N1.1 Trillion August Revenue to Federal, State, and Local Governments

By Ifunanya / September 29, 2023

The Federation Account Allocation Committee (FAAC) has disbursed N1.1 trillion for the month of August to the Federal Government, states, […]

Continue Reading
110881 chairman of presidential tax reforms committee taiwo oyedele addresses n5bn funds from firs

Chairman of Presidential Tax Reforms Committee, Taiwo Oyedele, Addresses N5bn Funds from FIRS

By Ifunanya / September 29, 2023

Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has responded to reports regarding the payment […]

Continue Reading
110821 financial inclusion the key to economic growth and job creation says communications minister

Financial Inclusion: The Key to Economic Growth and Job Creation, Says Communications Minister

By Ifunanya / September 29, 2023

By Na’ankwat Dariem | Last updated Sep 29, 2023 ABUJA, NIGERIA – The Minister of Communications, Innovation, and Digital Economy, […]

Continue Reading
110733 nipost takes action against illegal logistics operators in abuja

NIPOST Takes Action Against Illegal Logistics Operators in Abuja

By Ifunanya / September 29, 2023

The Nigerian Postal Service (NIPOST) has launched a crackdown on illegal logistics operators in the Federal Capital Territory, with the […]

Continue Reading
110707 nepc presents second national conference on non oil export building a sustainable national economy

NEPC Presents Second National Conference on Non-Oil Export: Building a Sustainable National Economy

By Ifunanya / September 29, 2023

In a bid to propel the Nigerian currency towards stability and growth, the Nigerian Export Promotion Council (NEPC) has announced […]

Continue Reading

NNPC Breaks Silence on Fuel Pump Price Hike Amid Rising Crude Oil Prices

By Ifunanya / September 28, 2023

The Nigerian National Petroleum Corporation Limited, NNPC, has provided an update on the fuel pump price in light of the […]

Continue Reading
110549 nigerian government allocates n75 billion to support 100000 start ups and msmes

Nigerian Government Allocates N75 Billion to Support 100,000 Start-ups and MSMEs

By Ifunanya / September 28, 2023

The Nigerian government has announced the allocation of a N75 billion fund to provide support for 100,000 start-ups and Micro […]

Continue Reading
110443 brent crude surges to 96 17 per barrel amidst production cuts

Brent Crude Surges to $96.17 per Barrel Amidst Production Cuts

By Ifunanya / September 28, 2023

Brent crude oil has seen a significant surge, reaching $96.17 per barrel on Thursday, according to the latest data from […]

Continue Reading
110377 national assembly budget has remained unchanged for 13 years says speaker abbas

National Assembly Budget Has Remained Unchanged for 13 Years, Says Speaker Abbas

By Ifunanya / September 28, 2023

The Speaker of the House of Representatives, Hon. Abbas Tajudeen, has revealed that the annual budget allocated to the National […]

Continue Reading
110277 metre manufacturers rally behind power minister adebayo adelabu in addressing power sector challenges

Metre Manufacturers Rally Behind Power Minister, Adebayo Adelabu, in Addressing Power Sector Challenges

By Ifunanya / September 28, 2023

The Association of Metre Manufacturers of Nigeria (AMMON) has shown unwavering support for the Minister for Power, Adebayo Adelabu. In […]

Continue Reading
110238 nigeria must prioritize digital transformation for economic diversification

Nigeria Must Prioritize Digital Transformation for Economic Diversification

By Ifunanya / September 28, 2023

Abuja, September 27, 2023 – Engineer Mustapha Bello, former Minister of Commerce in Nigeria, has urged the Nigerian government to […]

Continue Reading
110080 cbn governor olayemi cardoso pledges to clear dollar debts and suspend intervention loans

CBN Governor Olayemi Cardoso Pledges to Clear Dollar Debts and Suspend Intervention Loans

By Ifunanya / September 27, 2023

The newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined his plans to tackle the […]

Continue Reading
23539 over 75 per cent of cbn anchor borrowers loans unpaid imf

Reduce fiscal deficit to avoid debt crisis – IMF tells Nigeria, others

By Ifunanya / September 27, 2023

The International Monetary Fund, IMF, has called on Nigeria and other Sub-Saharan African countries to reduce the fiscal deficit by […]

Continue Reading
109936 bank of industry ceo receives african banking award in new york

Bank of Industry CEO Receives African Banking Award in New York

By Ifunanya / September 27, 2023

The Chief Executive of Nigeria’s Bank of Industry (BoI), Olukayode Pitan, was recently presented with the prestigious Special African Banking […]

Continue Reading
Scroll to Top