African Business News

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

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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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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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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FG generated N193.59bn from solid minerals in 2021 – NEITI

By Ifunanya / September 5, 2023

The Federal Government generated N193.59 billion from the solid minerals sector in 2021. The sector also contributed N814.59 billion between […]

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Nigeria to establish solid minerals corporation to attract investment

By Ifunanya / September 4, 2023

The minister of solid minerals, Dele Alake, says the Government will soon establish the Nigerian solid minerals corporation. The minister […]

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91135 nigeria loses n20trn to tax underpayment presidential tax cttee chair

Nigeria’s Company Income Tax rises to N1.53trn in Q2 2023

By Ifunanya / September 4, 2023

Nigeria’s Company Income Tax, CIT increased by 226.40 percent N1.53 trillion in the second Quarter of 2023 compared to N469.01 […]

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96123 why tinubu entrusted me with the ministry of solid minerals reveals dele alake

Solid minerals will contribute 50 per cent to nation’s GDP – Minister

By Ifunanya / September 4, 2023

The Minister of Solid Minerals Development, Mr Dele Alake says that solid minerals will contribute 50 per cent to the […]

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Expert Advocates Tightening of Intellectual Property Rights in Internarional Markets

By Ifunanya / September 4, 2023

An International Trade Specialist, Heuda Farsh Guessous, has advocated the need to secure intellectual property rights in the international markets […]

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FG to set up taskforce against illegal miners

By Ifunanya / September 4, 2023

The federal government has unveiled plans to create a task force against illegal miners. The Minister of Solid Minerals Development, […]

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Governor Soludo promises to end illegal tax collection

By Ifunanya / September 3, 2023

The Governor of Anambra State, Professor Chukwuma Charles Soludo has assured manufacturers, importers and exporters in the state of absolute […]

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101289 fgs q1 2023 expenditure exceeds revenue by n1 4trn cbn

FG’s Q1 2023 expenditure exceeds revenue by N1.4trn – CBN

By Ifunanya / September 3, 2023

The federal government’s expenditure exceeded its revenue by N1.43 trillion in the first quarter of 2023. The Central Bank of […]

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35754 review cashless policy small business owners tell fg

Currency Swap will reduce reliance on dollars – Economist

By Ifunanya / September 3, 2023

A former Director-General of West African Institute for Financial and Economic Management, WAIFEM Prof. Akpan Ekpo has urged the CBN […]

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