African Business News

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

93094 niger state government unveils biding process for contract

Niger State Government Unveils Biding Process For Contract

By Ifunanya / August 14, 2023

By: Abubakar Hassan, MinnaOn Aug 14, 2023 The Niger State Public Procurement Board has emphasized that only the lowest responsive […]

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Transportation cost rose by 98% in June – NBS

By Ifunanya / August 14, 2023

The average transportation cost per commuter rose by 97.88 per cent in June from N649.59 to N1,228.41 amid the price […]

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Retirement Mortgage Plan to Reduce Nigeria’s Housing Deficit – Association

By Ifunanya / August 14, 2023

The Pension Fund Operators Association of Nigeria (PenoP) says the policy by the National Pension Commission which allows owners of […]

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Provide incentives to boost exports – Manufacturers task FG over forex crisis

By Ifunanya / August 13, 2023

The Manufacturers Association of Nigeria (MAN) has tasked the federal government with providing export incentives for the manufacturing sector to […]

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92761 china intensifies efforts to boost foreign investment

China intensifies efforts to boost foreign investment

By Ifunanya / August 13, 2023

China’s Central Bank. Image: CGTN China’s State Council has outlined guidelines to further optimise foreign investment through adequate partnerships with […]

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92693 niger delta governors urged to develop framework guiding aspiring business minds

Niger Delta governors urged to develop framework guiding aspiring business minds

By Ifunanya / August 13, 2023

Governors in all the Niger Delta states have been urged to come up with framework that would guide and support […]

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High cost of manufacturing hinders manufacturers’ access to funding – BoI

By Ifunanya / August 13, 2023

Last updated Aug 13, 2023 TheBank of Industry in Nigeria has said high cost of doing business and other challenges […]

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92426 private sector urges fg to stop companies shutdowns

Private Sector Urges FG To Stop Companies’ Shutdowns

By Ifunanya / August 12, 2023

The Organised Private Sector has expressed worry that the recent exit of GlaxoSmithKline could trigger a mass exodus of multinational […]

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Nigerian Leader Restates Plans To Revamp Economy

By Ifunanya / August 12, 2023

Timothy Choji, Abuja On Aug 11, 2023 President Bola Tinubu has reassured Nigerians that no stone will be left unturned in […]

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Quick recovery of Nigeria’s economy my priority – Tinubu

By Ifunanya / August 11, 2023

President Bola Tinubu has reassured Nigerians that no stone will be left unturned in his administration’s efforts to stimulate the […]

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91871 telecom operators in nigeria record n3 8trn total revenue

Telecom Operators in Nigeria Record N3.8trn Total Revenue

By Ifunanya / August 11, 2023

Telecommunication operators in Nigeria have  recorded a total revenue of N3.8 trillion in 2022, the Nigerian Communications Commission (NCC) has […]

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67157 nerc cracks down on eedc disconnects 33kv and 11kv transformers lacking certification

Niger owes Nigeria N4.22bn for electricity supply – NERC

By Ifunanya / August 11, 2023

Niger Republic presently owes Nigeria N4.22bn ($5.48m) for electricity provision, according to the Nigerian Electricity Regulatory Commission’s recent quarterly report. […]

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91739 flights from nigeria to antigua and babuda set to begin

Flights from Nigeria to Antigua and Babuda set to begin

By Ifunanya / August 11, 2023

A Nigerian Airline Company, Air Peace, is set to commence direct flights to Antigua and Barbuda, authorities have said. The […]

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91644 nigerian equities market rebounds by 1 62 percent profit

Nigerian Equities Market Rebounds By 1.62 Percent Profit

By Ifunanya / August 11, 2023

By: Chiamaka Ikechukwu, LagosOn Aug 10, 2023 Nigeria’s equities market bounced back to positive territory at the close of business […]

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91521 marketers announces cooking gas price to rise next week

Marketers Announces Cooking Gas Price To Rise Next Week.

By Ifunanya / August 10, 2023

Tougher times are ahead of gas consumers, as marketers have hinted that prices will go up next week. The President […]

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DMO auctions four FGN bonds valued at N360bn

By Ifunanya / August 10, 2023

The Debt Management Office, on behalf of the Federal Government of Nigeria (FGN), has offered for subscription four FGN bonds […]

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63 MDAs to stop direct revenue collection – Presidential Tax Committee

By Ifunanya / August 10, 2023

Last updated Aug 10, 2023 The Nigeria Customs Service and 62 other Ministries, Departments and Agencies (MDAs) of the Federal […]

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Inflation rate: Nigeria doing better than other African countries – CBN

By Ifunanya / August 9, 2023

The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has stated that the nation’s inflation rate is […]

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91172 engineering council seeks exemption from governments zero funding policy

Engineering Council seeks exemption from Government’s zero-funding policy

By Ifunanya / August 9, 2023

The President of the Council for the Regulation of Engineering in Nigeria, Sadiq Abubakar, has urged the Federal Government to […]

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91135 nigeria loses n20trn to tax underpayment presidential tax cttee chair

Nigeria loses N20trn to tax underpayment – Presidential Tax C’ttee Chair

By Ifunanya / August 9, 2023

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, says the tax gap in […]

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