African Business News

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

99899 eedc calls for laws to curb electricity infrastructure vandalism theft

EEDC calls for laws to curb electricity infrastructure vandalism, theft

By Ifunanya / August 30, 2023

Magnus NwokporOn Aug 30, 2023 The Enugu Electricity Distribution Company, EEDC, has referred to as on the National Assembly to […]

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29386 plateau nass polls tribunal receives 6 petitions grants parties access to election materials

Mining University in Plateau will bring rapid economic development – Senator Plang

By Ifunanya / August 30, 2023

The Chairman of the Senate Committee on Employment and Productivity, Diket Plang has referred to as for the institution of […]

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99733 products tax in nigeria rises to n1 36tn

Products tax in Nigeria rises to N1.36tn

By Ifunanya / August 30, 2023

Last up to date Aug 30, 2023 Taxes on merchandise in Nigeria rose to N1.36tn in the primary six months […]

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99622 customs synergies with ports authority to enhance trade facilitation

Customs Synergies with Ports Authority to Enhance Trade Facilitation

By Ifunanya / August 30, 2023

David Adekunle, LagosFinal up to date Aug 29, 2023 The Ag. Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi has […]

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Job racketeering probe: Reps panel dissociates self from bribery allegation, summons NUC, VC’s

By Ifunanya / August 29, 2023

The Chairman of the Ad-hoc Committee investigating job racketeering in Federal Ministries, Departments and Agencies (MDAs), Yusuf Gagdi, summoned all […]

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99456 insurance coverage in nigeria only 3 of population insured reveals naicom

Insurance Coverage in Nigeria: Only 3% of Population Insured, reveals NAICOM

By Ifunanya / August 29, 2023

The National Insurance Commission (NAICOM) has brought to light a concerning statistic: a mere three percent of Nigerians are currently […]

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Revenue Plunge Imminent as Nigeria’s Q2 Oil Production Drops to 1.22m bpd

By Ifunanya / August 29, 2023

A looming revenue crisis awaits Nigeria as its second-quarter oil production diminishes to 1.22 million barrels per day (mbpd). On […]

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99162 tinubu wike and other dignitaries set to attend cibn banking and finance conference

Tinubu, Wike, others to attend CIBN Banking, Finance Conference

By Ifunanya / August 28, 2023

President Bola Tinubu and the Federal Capital Territory Minister, Nyesom Wike, are among dignitaries expected to attend the 16th Annual […]

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98988 central bankers emphasize the importance of maintaining high interest rates

Central Bankers Emphasize the Importance of Maintaining High Interest Rates

By Ifunanya / August 28, 2023

Last updated: August 28, 2023 Top central bankers from around the world have expressed the need to keep interest rates […]

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98979 nigerias external reserves deplete by 915 million as currency float commences

Nigeria’s External Reserves Deplete by $915 Million as Currency Float Commences

By Ifunanya / August 28, 2023

In a move to revamp the Nigerian economy, the Central Bank of Nigeria (CBN) has officially floated the Naira and […]

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KAEDCO decries illegal connections of electricity in Zamfara

By Ifunanya / August 27, 2023

The Zamfara State wing of the Kaduna Electricity Distribution Company (KAEDCO) has commenced massive disconnection of illegal electricity in the […]

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98608 nigerias daily loss of 400000 barrels of crude oil persists despite countermeasures nuhu ribadu

Nigeria’s Daily Loss of 400,000 Barrels of Crude Oil Persists, Despite Countermeasures– Nuhu Ribadu

By Ifunanya / August 27, 2023

In a concerning revelation, the National Security Adviser (NSA), Malam Nuhu Ribadu, announced on Saturday that Nigeria continues to lose […]

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Nigerian Government Reiterates Pledge to end Crude Oil Theft

By Ifunanya / August 27, 2023

Nigeria’s Minister of state for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has reiterated Nigerian Government commitment to stem the tide […]

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98385 employment rate in nigeria soars by 76 7 in q1 2023 national bureau of statistics

Employment Rate in Nigeria rises by 76.7% in Q1 2023

By Ifunanya / August 26, 2023

Hauwa AbubakarLast updated Aug 26, 2023 About three-quarters of working-age Nigerians were employed – 73.6% in Q4 2022 and 76.7% […]

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Unclaimed dividends rise to N190bn in 2023 – SEC

By Ifunanya / August 26, 2023

The Securities and Exchange Commission said the total value of unclaimed dividends has risen to N190 billion in 2023. Dayo […]

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98120 port harcourt refinery set to restart operations in december says minister

Port Harcourt Refinery to resume operations in December – Minister

By Ifunanya / August 26, 2023

Chika Eze, AbujaLast updated Aug 26, 2023 The Nigerian Government says it is committed to end petroleum product importation soon, […]

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97967 reps summon accountant general over non remittance of funds to nhf

Reps Summon Accountant General Over Non-Remittance of Funds to NHF

By Ifunanya / August 25, 2023

Gloria Essien, Abuja Last updated Aug 25, 2023 The House of Representatives Committee investigating the non-remittance of funds to the […]

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FMBN received N591.5bn housing funds in 11 years – Hamman

By Ifunanya / August 25, 2023

The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Madu Hamman says the bank received N591.5 billion in […]

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97779 nigerias commitment to china africa partnership vp shettimas pledge

VP Shettima restates Nigeria’s commitment to partner with China, Africa

By Ifunanya / August 25, 2023

Nigeria’s Vice President, Kashim Shettima has restated the country’s commitment to collaborate with China and other African countries as this […]

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97656 nigerian equities market sees 0 14 decline in all share index

Nigerian Equities Market Sees 0.14% Decline in All-Share Index

By Ifunanya / August 25, 2023

By Toyin Ajadi, Lagos Last updated on August 25, 2023 After three consecutive days of gains this week, the Nigerian […]

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