African Business News

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

NNPCL, Indorama Petrochemicals sign gas deal

By Ifunanya / September 17, 2023

The Nigerian National Petroleum Corporation Limited and Indorama Petrochemicals have signed a gas deal to contribute $18 billion in annual […]

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105838 sokoto borno nasarawa least expensive states in nigeria nbs

Sokoto, Borno, Nasarawa least expensive states in Nigeria – NBS

By Ifunanya / September 16, 2023

The National Bureau of Statistics says Sokoto, Borno and Nasarawa are the least expensive states to live in Nigeria. NBS […]

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Lawmaker woos investors To Delta State

By Ifunanya / September 16, 2023

The Member, House of Representatives for the Ndokwa/Ukwuani Federal Constituency, Hon Nnamdi Eziechi, has assured investors hoping to do business […]

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105776 nigerian government to partner with governors to harness solid mineral resources

Nigerian Government to partner with Governors to harness Solid Mineral Resources

By Ifunanya / September 16, 2023

The Minister of Solid Minerals Development, Mr Dele Alake, says the Federal Government will work with states to harness the […]

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105720 total blackout in sokoto kebbi zamfara as fire destroys transmission station

Total blackout in Sokoto, Kebbi, Zamfara as fire destroys transmission station

By Ifunanya / September 16, 2023

Fire on Thursday gutted the Transmission station of Transmission Company of Nigeria (TCN) in Birnin Kebbi, Kebbi State. The incident, […]

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105674 ex rep candidate tasks nigerian governmentt on businesses enabled policies

Ex-Rep candidate tasks Nigerian Governmentt on businesses-enabled policies

By Ifunanya / September 16, 2023

A former Peoples Democratic Party (PDP) House of Representatives Candidate for Asa/Ilorin West Federal Constituency, Alhaji Ibrahim Mohammed Ajia, has […]

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105629 breaking tinubu appoints michael cardoso cbn governor

BREAKING: Tinubu appoints Michael Cardoso CBN Governor

By Ifunanya / September 16, 2023

President Bola Tinubu has appointed Dr Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN). […]

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105567 meet cbns new governor dr yemi cardoso

Meet CBN’s New Governor Dr Yemi Cardoso

By Ifunanya / September 15, 2023

Last updated Sep 15, 2023 Profile of Dr Yemi Cardoso Dr Yemi Cardoso is a citizen of Lagos State in […]

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46856 nigerias inflation rises by 0 13

BREAKING: Nigeria’s headline inflation increases to 25.80 per cent

By Ifunanya / September 15, 2023

Nigeria’s inflation has increased to 25.80 per cent in August from 24.08 per cent recorded in July. The National Bureau […]

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105436 food prices continue to rise in july nbs

Food prices continue to rise in July- NBS

By Ifunanya / September 15, 2023

The National Bureau of Statistics (NBS) says prices of food items such as beef, tomatoes, beans, and yams witnessed increases […]

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105370 brent crude rises to 94 per barrel highest in nine months

Brent Crude rises to $94 per barrel, highest in nine months

By Ifunanya / September 15, 2023

The global price of Brent crude oil on Friday indicated that it has increased to $94.38 per barrel, the highest […]

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105276 nigeria seeks deeper strategic relationship with cuba shettima

Nigeria seeks deeper strategic relationship with Cuba – Shettima

By Ifunanya / September 15, 2023

Vice President Kashim Shettima on Thursday expressed the desire of President Bola Tinubu’s administration to deepen existing bilateral relations with […]

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Nigeria’s oil output increases to 1.18m bpd in August

By Ifunanya / September 14, 2023

Last updated Sep 14, 2023 The Organisation of Petroleum Exporting Countries (OPEC) has said Nigeria’s oil output increased to 1.18 […]

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CBN warns forex operators against infractions as crisis worsens

By Ifunanya / September 14, 2023

The Central Bank of Nigeria (CBN) has issued a warning to International Money Transfer Operators (IMTOs) for allegedly engaging in […]

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105073 nigerian government allocates 50 of intervention initiatives to promote women businesses

Nigerian Government allocates 50% of intervention initiatives to promote women businesses

By Ifunanya / September 14, 2023

The Nigerian Government has allocated 50% intervention initiative to promote women-owned businesses in the country. The Director General of the […]

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24529 naira loses further at official market amid currency scarcity

Naira depreciates against Dollar over forex scarcity

By Ifunanya / September 14, 2023

Naira slumped against the Dollar on Wednesday after closing at 950/$ at the parallel market as the forex crisis persists. […]

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104970 nigerian government grants 42 bidders gas flare commercialisation licences

Nigerian Government grants 42 bidders gas flare commercialisation licences

By Ifunanya / September 14, 2023

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 42 successful bidders in the 2022 Nigerian Gas Flare Commercialisation Programme […]

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104924 cbn denies crashing forex to n1 25 against dollar

CBN denies crashing forex to N1.25 against Dollar

By Ifunanya / September 14, 2023

The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25/$1. On Wednesday, […]

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Nigerian Customs in Kano, Jigawa generates N28.8bn in 8 months

By Ifunanya / September 13, 2023

Last updated Sep 13, 2023 Kano-Jigawa Area Command of the Nigeria Customs Service (NCS) has collected N28.8 billion as revenue […]

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104791 african presidents global ceos converge in us for gabi

African Presidents, global CEOs converge in US for GABI

By Ifunanya / September 13, 2023

African presidents, Chief Executive Officers (CEOs), ministers, investors and United Nations (UN) leaders would be joined by music, sports and […]

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