African Business News

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

97561 n185bn palliative budgit warns governors that nigerians are not beggars

N185bn palliative: Nigerians are not beggars – BudgIT warns governors

By Ifunanya / August 24, 2023

BudgIT, a tech civic advocacy group, has warned the 36 state governors, including the Federal Capital Territory, that Nigerians must […]

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24529 naira loses further at official market amid currency scarcity

The Naira Hits a Low, Slumping to N900 Against the Dollar

By Ifunanya / August 24, 2023

Nigeria’s currency, the Naira, experienced a sharp decline, falling to a rate of N900 against the Dollar on Wednesday in […]

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97252 minister of power vows to revolutionize nigerias energy sector

Minister of Power promises to improve the sector

By Ifunanya / August 24, 2023

The Nigerian Minister of Power, Adelabu Adebayo, has promised to ensure power sector improvement as he resumed duty. In a  brief meeting with the […]

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97127 rural electrification agency revolutionizes energy access with mini grid deployment

Rural Electrification Agency Revolutionizes Energy Access with Mini-Grid Deployment

By Ifunanya / August 24, 2023

The Rural Electrification Agency (REA) has taken a giant leap forward in addressing Nigeria’s energy access deficit by deploying mini-grids […]

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18438 nigeria will surpass 4 8bn revenue from non oil export in 2023 nepc

$2.5bn non-oil exports proceeds recorded in 6 months – NEPC

By Ifunanya / August 23, 2023

The Nigerian Export Promotion Council (NEPC) says the country generated $2.5 billion from January to June 2023. The Executive Director […]

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97002 house of representatives embarks on review of national housing fund act

House of Representatives Embarks on Review of National Housing Fund Act

By Ifunanya / August 23, 2023

The House of Representatives, led by Speaker Hon Tajudeen Abbas, has announced that it will be reviewing the outdated National […]

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UK Slashes Tariffs on 3,000 Nigerian Exports, Boosting Trade Relations

By Ifunanya / August 23, 2023

In an exciting development for Nigerian exporters, the United Kingdom has made a significant announcement regarding tariff reductions on over […]

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96826 nigerias aviation authority introduces automated process for airline operators certificates

Nigeria’s Aviation Authority Introduces Automated Process for Airline Operators’ Certificates

By Ifunanya / August 23, 2023

The Nigerian Civil Aviation Authority (NCAA) has taken a significant step forward by implementing automated procedures for the acquisition of […]

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85974 come to land of opportunities vp shettima tells investors

President Tinubu’s Passion for MSMEs Empowerment Echoed by VP Shettima

By Ifunanya / August 23, 2023

By Cyril Okonkwo, Abuja Last updated August 22, 2023 Nigeria’s Vice President, Senator Kashim Shettima, expressed President Bola Tinubu’s strong […]

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96600 nsia a 500 million investment in nigerian infrastructure

We invested over $500m to develop Nigerian infrastructure – NSIA

By Ifunanya / August 22, 2023

The Nigerian Sovereign Investment Authority (NSIA) has said the agency invested over 500 million dollars in domestic infrastructure and over […]

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96554 equities market sustains bullish momentum records 0 44 gain

Equities Market Sustains Bullish Momentum, Records 0.44% Gain

By Ifunanya / August 22, 2023

By Toyin Ajadi | Aug 22, 2023 The Nigerian equities market continued its upward trend on Tuesday, following the bullish […]

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IPMAN Calls on New Minister of State for Petroleum to Address Illegal Refineries

By Ifunanya / August 22, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the newly-appointed Minister of State for Petroleum to advocate for […]

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96244 promising growth in foreign investments nigerias minister of industry trade

Promising Growth in Foreign Investments: Nigeria’s Minister of Industry, Trade

By Ifunanya / August 22, 2023

The newly inaugurated Nigerian Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, has outlined her commitment to attracting more […]

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Bosun Tijani assumes duty as Minister of Communications, Innovation and Digital Economy

By Ifunanya / August 21, 2023

The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has resumed duty hours after the inauguration by President Bola […]

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96111 vp shettima represents nigeria at brics summit in south africa

VP Shettima Represents Nigeria at BRICS Summit in South Africa

By Ifunanya / August 21, 2023

By Cyril Okonkwo | Last updated Aug 21, 2023 Nigeria’s Vice President, Kashim Shettima, is set to depart Abuja for […]

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Three West African nations indebted to Nigeria for electricity supply amounting to N132 billion over 4 years – NERC

By Ifunanya / August 21, 2023

A recent analysis of quarterly reports published by the Nigerian Electricity Regulatory Commission (NERC) reveals that foreign customers in Benin, […]

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29703 debt crisis nigerias fuel subsidy heavily politicized financial expert laments

Nigeria’s daily fuel consumption drops to 52m litres – NMDPRA

By Ifunanya / August 20, 2023

Nigeria’s average daily consumption of Premium Motor Spirit (PMS), or petrol, dropped to N52 million litres in July compared to […]

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Customs To Renew Relations With Cameroon And Chad

By Ifunanya / August 20, 2023

The acting Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has said the service will re-establish a good relationship […]

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95498 enugu government joins forces with ethiopian airlines to empower local youths in aviation

Aviation: Enugu government partners with Ethiopian Airlines to train youths 

By Ifunanya / August 20, 2023

The Enugu State government, South East Nigeria, has concluded plans to enter into a partnership agreement with a major international […]

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PENGASSAN, Shell branch threaten indefinite strike

By Ifunanya / August 19, 2023

Members of the Petroleum and Natural Gas Senior Staff Association of the Nigeria Shell branch in Rivers State have threatened […]

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