African Business News

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

101185 take currency swap with china seriously reduces reliance on dollar economist tells fg

Take currency swap with China seriously, reduces reliance on Dollar- Economist tells FG

By Ifunanya / September 3, 2023

An economist and the former Director General of the West African Institute for Financial and Economic Management, Prof Akpa Ekpo, […]

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101098 brent crude oil reaches over 88 per barrel highest in eight months

Brent crude oil reaches over $88 per barrel, highest in eight months

By Ifunanya / September 3, 2023

Brent crude oil traded at an increased price of over $88 per barrel, the highest in the last eight months. […]

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President Tinubu’s Administration Will Tackle Inflation-Minister

By Ifunanya / September 2, 2023

Temitope Mustapha, AbujaOn Sep 2, 2023 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun says […]

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100980 nipost unveils n255 commemorative stamp

NIPOST unveils N255 commemorative stamp

By Ifunanya / September 2, 2023

The Nigerian Postal Service has unveiled a N255 commemorating stamp to mark the Pan African Postal Union Tower launch in […]

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100893 nigerian government set to review tax incentives

Nigerian Government set to review tax incentives

By Ifunanya / September 2, 2023

Elizabeth Christopher, AbujaOn Sep 2, 2023 The Nigerian Government has announced plans to review the existing tax incentives given to […]

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100866 fuel price will drop to n200 per litre with functional refineries ipman

Fuel price will drop to N200 per litre with functional refineries – IPMAN

By Ifunanya / September 2, 2023

Joseph Obele, the Chairman, Independent Petroleum Marketers Association of Nigeria, Rivers State Chapter has said the price of Premium Motor […]

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100783 its fake elumelu debunks report of being penned down as cbn governor

It’s fake – Elumelu debunks report of being penned down as CBN Governor

By Ifunanya / September 2, 2023

The Chairman of United Bank for Africa Group, Tony Elumelu has debunked reports making the rounds that he is being […]

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President Tinubu Optimistic Nigeria Will Overcome Economic Challenges

By Ifunanya / September 1, 2023

President Bola Tinubu says the economic turbulence Nigeria finds itself is not without silver lining but strong adherence to accountability […]

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100672 fg to clamp down on illegal miners to boost revenue generation

FG to clamp down on illegal miners to boost revenue generation

By Ifunanya / September 1, 2023

The Minister of Solid Minerals Development, Dele Alake, said he would clamp down on illegal miners to boost the country’s […]

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100587 lagos airport expansion nigerian government to demolish private jet hangars

Lagos Airport Expansion: Nigerian government to demolish private jet hangars

By Ifunanya / September 1, 2023

The Federal Government has said it will demolish two multibillion-naira private jet terminals/aircraft hangars to pave the way for the […]

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20978 fg states lgcs share n750bn for january

FG, States, LGs share N4.37trn FAAC allocations Jan-June 2023

By Ifunanya / September 1, 2023

The three tiers of government – the Federal, States and Local Government Councils (LGs), shared a total of N4.37 trillion […]

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100498 equities all share index drops by 0 08

Equities All-Share Index drops by 0.08%

By Ifunanya / September 1, 2023

Chiamaka Okechukwu Last updated Aug 31, 2023 Nigeria’s domestic equities market witnessed a 0.08 percent drop on its key index […]

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100473 bua cement holds fy2022 annual general meeting aims to achieve 17 million mtpa capacity by q1 2024

BUA Cement holds FY2022 Annual General Meeting, aims to achieve 17 million MTPA capacity by Q1 2024

By Ifunanya / September 1, 2023

Abdul Samad Rabiu, Chairman of BUA Cement Plc, Nigeria’s second-largest cement company, announced during the BUA Cement FY2022 Annual General […]

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House Speaker Condemns Tax Incentive Abuse

By Ifunanya / August 31, 2023

The Speaker of Nigeria’s House of Representatives, Tajudeen Abbas has decried the abuse of tax incentives and waivers in Nigeria. […]

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Taskforce shuts down filling station in Jigawa for tampering with metre

By Ifunanya / August 31, 2023

A Petroleum Taskforce in Jigawa State has sealed the IMG filling station in Dutse for tampering with its metres to […]

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100188 nigerian government to begin rehabilitation modernisation of ports

Nigerian Government to begin Rehabilitation, modernisation of ports

By Ifunanya / August 31, 2023

The Nigerian Minister of Marine and Blue Economy, Adegboyega Oyetola CON, has stated that the rehabilitation and modernisation of the […]

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100155 nrc monthly revenue drops from n500m to n1m

NRC monthly revenue drops from N500m to N1m

By Ifunanya / August 31, 2023

Engr. Fidet Okhiria, the Managing Director of the Nigeria Railway Corporation, NRC, says the monthly revenue realised from prepare service […]

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100079 ngx equities market closes bearish

NGX: Equities Market Closes Bearish

By Ifunanya / August 31, 2023

Nigeria’s equities market closed on a bearish be aware on Wednesday, its first decline this week as buyers took revenue […]

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100041 lagos pays n2bn to 644 pensioners

Lagos pays N2bn to 644 pensioners

By Ifunanya / August 31, 2023

The Lagos State Government says it has paid N2.017 billion in retirement advantages to 644 pensioners. According to NAN, the […]

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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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