African Business News

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

103939 abcon seeks cbns support for digital transition

ABCON seeks CBN’s support for digital transition

By Ifunanya / September 11, 2023

Last updated Sep 11, 2023 The Association of Bureaux de Change Operators of Nigeria(ABCON) has called on the Central Bank […]

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Tinubu woos Volkswagen, other manufacturers back to Nigeria

By Ifunanya / September 11, 2023

President Bola Ahmed Tinubu, on the sideline of the G-20 summit in India, met with German Chancellor Olaf Scholz to […]

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FG has secured $163m AfDB loan for wheat production – Shettima

By Ifunanya / September 11, 2023

Vice President Kashim Shettima has disclosed that the African Development Bank (AfDB) has agreed to loan Nigeria $163 million to […]

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President Tinubu Engages Key Partners in Economic Diplomacy

By Ifunanya / September 10, 2023

Nigeria’s President, Bola Tinubu has met with the Heads of State of three nations identified as key partners in his […]

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Nigeria earned only N188.03m from cargo conveyed via rail transport in Q2 2023 – NBS

By Ifunanya / September 10, 2023

Nigeria earned only N188.03 million from goods or cargo conveyed through rail transport in the second quarter of 2023. This […]

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28305 eedc introduces accelerated settlement of arrears project

EEDC expresses regret over power outage in Anambra

By Ifunanya / September 10, 2023

The management of the Enugu Electricity Distribution Company (EEDC) has expressed regret over the power outage being experienced by its […]

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Anambra State Governor Signs Economic Agreements With 13 Organisations

By Ifunanya / September 9, 2023

The Anambra State Government has signed a Memorandum of Understanding with 13 organisations across different economic sectors including commerce and […]

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Metered electricity customers in Nigeria increase to 5.47m in Q2 2023

By Ifunanya / September 9, 2023

Metered electricity customers in Nigeria increased to 5.47 million in the second quarter of 2023. The National Bureau of Statistics’ […]

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103143 global rice prices hit 15 year high in august fao

Global rice prices hit 15-year high in August – FAO

By Ifunanya / September 9, 2023

Global rice prices have increased to a 15-year high according to reports released in August. The Agriculture Organization (FAO), in […]

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Nigeria Loses $46 Billion to Oil Theft- Speaker

By Ifunanya / September 8, 2023

The Speaker of the House of Representatives, Hon Tajudeen Abbas says Nigeria lost a whopping $46 billion (N16.25 trillion) to […]

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DisCos’ total revenue generated hit N263bn in Q2 2023 – NBS

By Ifunanya / September 8, 2023

The total revenue collected by electricity distribution companies in Nigeria rose to N263.08 billion in the second Quarter of 2023 […]

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Telecoms: Nigeria’s voice subscribers hit 222m in Q1 — NBS

By Ifunanya / September 8, 2023

Nigeria’s active voice subscribers in the telecommunications sector increased by 13.33 per cent to 226,161,713 in the first quarter of […]

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98266 customs issues warning following fatal attacks on officers by suspected bandits and smugglers

Nigeria Customs deactivate authorized dealer banks over defaults in duty remittances

By Ifunanya / September 7, 2023

The Acting Comptroller General of the Nigeria Customs Service, Bashir Adeniyi, has said the service had deactivated authorized dealer banks […]

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House Committee Summons Minister Of Finance 

By Ifunanya / September 7, 2023

The House of Representatives Ad-hoc committee investigating the failure of Mass Transit Schemes in Nigeria has summoned the Minister of […]

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Indian investors pledge $14bn investment in Nigeria

By Ifunanya / September 7, 2023

President Bola Ahmed Tinubu says Indian investors have pledged $14 billion in direct investments in Nigeria. Ajuri Ngelale, Special Adviser […]

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President Tinubu Welcomes $14b Indian Investment

By Ifunanya / September 6, 2023

Nigerian Leader, President Bola Tinubu has commended Indian investors for their commitment to invest nearly $14 billion in Nigeria. The […]

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102311 dont procrastinate tinubu tells indian investors over 14 investment pledge

Don’t Procrastinate – Tinubu tells Indian investors over $14 investment pledge

By Ifunanya / September 6, 2023

President Bola Ahmed Tinubu has told Indian investors not to procrastinate over a $14 billion investment pledge to Nigeria. On […]

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102216 nigerian leader woos indian investors

Nigerian Leader Woos Indian Investors

By Ifunanya / September 6, 2023

Nigeria’s President, Bola Tinubu has held a high-level meeting with Indian investors promising that all bottlenecks will be removed for […]

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Cut cost of governance, inflation, insecurity to halt economic hardship – Ekpo tells Tinubu

By Ifunanya / September 6, 2023

Prof. Akpan Ekpo, Chairman of the Foundation of Economic Research and Training, has urged President Bola Tinubu’s federal government to […]

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Our economic policies yielding results – VP Shettima

By Ifunanya / September 5, 2023

Vice President Kashim Shettima has said the economic policies of the Bola Tinubu administration are already yielding the desired results, […]

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