African Business News

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

NGX: Market capitalisation sheds N158bn to close in negative territory

By Ifunanya / October 4, 2023

Toyin AjadiOn Oct 4, 2023 Transactions on the equities market of the Nigerian Exchange closed in the negative territory on […]

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113274 indigenous firms control 60 of domestic gas supply in nigeria ncdmb

Indigenous firms control 60% of domestic gas supply in Nigeria – NCDMB

By Ifunanya / October 4, 2023

Engr Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, says the nation’s indigenous oil firms […]

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113076 commission to engage stakeholders on implementation of fra

Commission to engage stakeholders on implementation of FRA

By Ifunanya / October 4, 2023

The Fiscal Responsibility Commission (FRC) stated it would maintain a Stakeholders  dialogue, on the implementation of sections of the Fiscal […]

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113069 naira slumps by 23 against us dollar in q3 2023

Naira slumps by 23% against US Dollar in Q3 2023

By Ifunanya / October 4, 2023

An evaluation of the overseas alternate market knowledge for the third quarter confirmed that the Naira depreciated by at the […]

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Commission Trains over 150 Nomadic Youths, Women in Skills Acquisition

By Ifunanya / October 3, 2023

Murjanatu Abdullahi, KadunaOn Oct 3, 2023 The National Commission for Nomadic Education (NCNE) has trained 150 nomadic youths and women […]

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NERC begins investigation into electrocution of four persons in Taraba

By Ifunanya / October 3, 2023

The Nigerian Electricity Regulatory Commission says it has commenced investigation into the tragic death of four family members by electrocution […]

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112619 acci charges nigerian government to implement policies for economic revival

ACCI Charges Nigerian Government to Implement Policies for Economic Revival

By Ifunanya / October 3, 2023

Jennifer InahOn Oct 3, 2023 The Abuja Chamber of Commerce and Industry (ACCI) has urged the Nigerian President, Bola Tinubu’s […]

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38020 banking system best option to safeguard your funds ndic to nigerians

NDIC to pay N16.18bn dividends to depositors, stakeholders of 20 liquidated banks

By Ifunanya / October 3, 2023

The Nigeria Deposit Insurance Corporation (NDIC) has introduced declaration of N16.18 billion liquidation dividends to depositors, collectors and shareholders of […]

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112340 food prices surge in august national bureau of statistics reports

Food Prices Continue To Increase In August — NBS

By Ifunanya / October 2, 2023

The National Bureau of Statistics (NBS) has stated that there was a continuous increase in the prices of foodstuffs in […]

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112166 anambra state renames airport after literary icon chinua achebe

Anambra State Renames Airport After Literary Icon Chinua Achebe

By Ifunanya / October 2, 2023

The renowned Anambra State International Passenger and Cargo Airport will now bear the name of the acclaimed Nigerian novelist, Professor […]

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Govts, banks rake in N2.2tn as manufacturers lose N495bn over forex revaluation

By Ifunanya / October 2, 2023

The three tiers of government and commercial banks gained about N2.21 trillion from foreign exchange revaluation revenue. The development comes […]

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111902 bua cement reduces cement prices to n3500 per bag bringing relief to nigerians

BUA Cement reduces cement prices to N3,500 per bag

By Ifunanya / October 1, 2023

The management of BUA Cement Plc has announced a price reduction in ex-factory cement to N3,500 per bag, effective October […]

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111885 kwara state executive council approves n239bn revised budget for 2023

Kwara State EXCO okays N239bn 2023 revised budget

By Ifunanya / October 1, 2023

The Kwara State Executive Council has approved for Governor AbdulRahman AbdulRazaq to present to the State House of Assembly, a […]

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111743 serap files lawsuit against 36 nigerian governors over n72bn subsidy palliative

SERAP Files Lawsuit Against 36 Nigerian Governors Over N72bn Subsidy Palliative

By Ifunanya / October 1, 2023

The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the 36 state governors in Nigeria for their […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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