African Business News

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

88928 protest labour unions demand revival of refineries

Protest: Labour Unions Demand Revival Of Refineries

By Ifunanya / August 3, 2023

By Asma’u Halilu, Kaduna On Aug 2, 2023 The Nigeria Labour Congress, NLC, in collaboration with the Trade Union Congress, TUC […]

Continue Reading

Hardship: Nigerian Breweries announces beer price hike

By Ifunanya / August 2, 2023

Amid the hardship caused by fuel subsidy removal, the Nigerian Breweries announced that it would hike the price of alcoholic […]

Continue Reading

Transportation Ministry to Sanctions Chevron over disregard

By Ifunanya / August 2, 2023

By Shiktra Shalangwa On Aug 2, 2023 The Nigerian Ministry of Transportation has disclosed its intention to shut down the Chevron […]

Continue Reading
40598 fccpc gives update on approval of 173 digital lending apps

FCCPC delists 18 more digital lending companies (Full list)

By Ifunanya / August 2, 2023

The Federal Competition and Consumer Protection Commission, FCCPC, has delisted Eighteen Digital Money Lending companies. Also, the Commission asked Google […]

Continue Reading

LCCI seeks inclusion of more businesses in government’s palliative plan

By Ifunanya / August 2, 2023

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigerian President, Bola Ahmed Tinubu to consider increasing […]

Continue Reading

NGX loses N79bn as trading slumps

By Ifunanya / August 1, 2023

It was downtime as the bears dominated trading activities on the Nigerian Exchange Ltd. (NGX), with the market capitalisation losing […]

Continue Reading
88441 fct irs ups revenue collection to n98 5bn in seven months

FCT-IRS Ups Revenue Collection To N98.5bn In Seven Months

By Ifunanya / August 1, 2023

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has so far collected the sum of N98,579,312,517.94 from January to July […]

Continue Reading
88404 tinubu broadcast proposed n75bn n120bn interventions will relieve pains of manufacturers ajayi kadir

Tinubu broadcast: Proposed N75bn, N120bn interventions will relieve pains of manufacturers – Ajayi-Kadir

By Ifunanya / August 1, 2023

The Manufacturers Association of Nigeria (MAN) said the proposed N75 billion credit interventions by President Bola Ahmed Tinubu would revitalise […]

Continue Reading

CBN exempts MFBs, PFMs from cash withdrawal limits

By Ifunanya / August 1, 2023

The Central Bank of Nigeria has exempted Microfinance and Mortgage banks from its cash withdrawal limit. The apex bank disclosed […]

Continue Reading

Force Commander Visits Sector 1, Hands Over Projects

By Ifunanya / July 31, 2023

The Force Commander of, Multinational Joint Task Force (MNJTF) Major General Ibrahim  Ali has paid a maiden operational visit to […]

Continue Reading
88088 gombe state ready to support investment in power

Gombe state ready to support investment in power

By Ifunanya / July 31, 2023

By Rebecca Mu’azu, GombeLast updated Jul 31, 2023 Governor Muhammadu Inuwa Yahaya, has restated his government’s readiness to partner with […]

Continue Reading

Oil spill in Ogoda, Brass pipeline contained, reparation underway – NAOC to CSO, communities

By Ifunanya / July 31, 2023

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the National Oil Spill Detection and Response Agency, NOSDRA) as well as the […]

Continue Reading

Ondo State Announces 30 Years Infrastructure Development Plan

By Ifunanya / July 31, 2023

Last updated Jul 30, 2023 The Ondo State government has announced a 30-year development plan, “Ondo 2054’’ in Akure on […]

Continue Reading
76779 cashless economy world bank urges nigeria to boost digital infrastructure

Nigeria achieves 64.1 percent financial inclusion

By Ifunanya / July 30, 2023

Last updated Jul 30, 2023 The Central Bank of Nigeria says it has achieved 64.1 percent financial inclusion in the […]

Continue Reading

Forex volatility, drop in vehicle importation cut Customs revenue by 4.5 per cent

By Ifunanya / July 30, 2023

Following foreign market volatility, Nigeria’s customs service revenue dropped by 4.5 per cent in the first half of 2023. NCS […]

Continue Reading
87587 major eu economies record high inflation rates in q2 2023

Major EU economies record high inflation rates in Q2, 2023

By Ifunanya / July 30, 2023

Major European Union (EU) economies have reported mixed second quarter (Q2) performances recently, amid still high inflation levels across the […]

Continue Reading
87499 potential of nigerian entrepreneurs attracting foreign investment

Potential of Nigerian Entrepreneurs Attracting Foreign Investment

By Ifunanya / July 30, 2023

By Na’ankwat Dariem, AbujaOn Jul 29, 2023 A Global E-commerce and  direct-selling company “QNet” says Nigeria has a large potential […]

Continue Reading

Electricity hike will worsen misery for Nigerians – ICAN warns Tinubu

By Ifunanya / July 29, 2023

The Institution of Chartered Accountants of Nigeria has warned that a hike in electricity tariff would further worsen the misery […]

Continue Reading

Meta to boost retention on Threads after losing users

By Ifunanya / July 29, 2023

Last updated Jul 29, 2023 Meta Platforms (META.O) executives are  focused on boosting retention on their new Twitter rival Threads, after […]

Continue Reading
77708 world bank warns of possible 25 inflation in nigeria following subsidy removal

U.S. annual inflation rises at its slowest pace

By Ifunanya / July 29, 2023

Last updated Jul 28, 2023 Annual U.S. inflation rose at its slowest pace in more than two years in June, […]

Continue Reading
Scroll to Top