African Business News

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

VP Shettima Assures Nigerians Of Stronger Policies To Drive investments

By Ifunanya / July 18, 2023

By Cyril Okonkwo, AbujaLast updated Jul 18, 2023 Vice President Kashim Shettima has assured Nigerians of the determination of President […]

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Motorists express shock over new petrol price in Ibadan

By Ifunanya / July 18, 2023

Motorists and commuters in Ibadan have expressed shock over the new pump prices of Premium Motor Spirit (PMS), otherwise known […]

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

Non-oil exports decline to $2.539bn in first half of 2023 – NEPC

By Ifunanya / July 18, 2023

The Nigerian Export Promotion Council (NEPC) said that non-oil exports in the first half of 2023 declined marginally to $2.539 […]

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30454 concerns over nigerias inflation free rise expert explains

22.79 per cent inflation: Experts make demands amid worsening hardship

By Ifunanya / July 18, 2023

Nigeria’s soaring headline inflation has accelerated to 22.79 per cent. With the development, the hardship being experienced by the masses […]

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Group Tasks Nigerian Government On Enabling Environment To Boost Investments

By Ifunanya / July 17, 2023

A group known as The African Legacy International Media Services Ltd, organisers of Nigeria International Trade Fair/Expo Meeting 2023 has […]

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83297 fg mulls mass local production of lithium batteries woos investors

FG mulls mass local production of Lithium batteries, woos investors

By Ifunanya / July 17, 2023

The federal government is considering mass producing lithium batteries and renewable solutions. The Executive Vice Chairman of the National Agency […]

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Nigeria’s inflation rises to 22.79 per cent in June – NBS

By Ifunanya / July 17, 2023

Nigeria’s inflation rate rose to 22.79 per cent in June from 22.41 per cent in May, the National Bureau of […]

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Fuel subsidy removal has reduced smuggling across Kwara border – Customs Comptroller

By Ifunanya / July 16, 2023

The removal of fuel subsidy by the Nigerian government has significantly helped to reduce smuggling of petroleum products across Kwara […]

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Twitter’s advertising revenue drops by nearly 50% – Musk

By Ifunanya / July 16, 2023

Last updated Jul 16, 2023 Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and […]

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82677 discos call for review of electricity tariff

DisCos Call For Review Of  Electricity Tariff 

By Ifunanya / July 15, 2023

By Chioma Eche, Abuja  Last updated Jul 15, 2023 Eleven Electricity distribution companies (DisCos) in Nigeria have called for review of […]

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PoS operators begin new service charge implementation on Monday

By Ifunanya / July 15, 2023

The Association of Mobile Money and Bank Agents in Nigeria said there is no going back on implementing its new […]

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FG borrowed 25trn in Q1 2023 from CBN – Report

By Ifunanya / July 15, 2023

The Federal Government borrowed N1.83tn from the Central Bank of Nigeria through the Ways and Means loan in the first […]

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82449 fuel subsidy removal quantity surveyors express optimism for the sector

Fuel Subsidy Removal: Quantity Surveyors Express Optimism For the Sector

By Ifunanya / July 15, 2023

-AnimashaunLast updated Jul 15, 2023 The Nigerian Institute of Quantity Surveyors, NIQS has expressed hope in the government of Nigeria […]

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Customs Service Generates over N6.2bn in Kwara state

By Ifunanya / July 14, 2023

The Comptroller, Nigeria Customs Service, Kwara State Command, Kehinde Ilesanmi says the command generated  N6.2 billion between April and June, […]

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NIPOST unveils 100 motorcycles, additional trucks to crash price of logistic delivery

By Ifunanya / July 14, 2023

Amid efforts to cushion the effect of fuel subsidy removal, the Nigerian Postal Service (NIPOST) has commissioned 100 motorcycles and […]

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82238 msmes will contribute 53bn to nigerias economy dg nitda

MSMEs will contribute $53bn to Nigeria’s Economy – DG, NITDA

By Ifunanya / July 14, 2023

As Small and Medium Enterprises, SMEs, make up a huge percentage of businesses and economic growth, the Director General, National […]

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9033 papu day embrace e commerce for cross border services delivery moyo nipost urge businesses

I met N5bn debt – NIPOST PMG Adepoju

By Ifunanya / July 14, 2023

The Postmaster General (PMG) of the federation and CEO of the Nigerian Postal Service, NIPOST, Adeyemi Sunday Adepoju, said he […]

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NGX: Stocks Market Cap Dips By N7b

By Ifunanya / July 13, 2023

By Chiamaka Okechukwu, LagosOn Jul 13, 2023 Transactions on the floor of the Nigeria Exchange Group Limited, NGX ended bearish […]

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38065 nigerians buy one million air conditioners annually says un

UN Warns of Soaring Global Public Debt

By Ifunanya / July 13, 2023

The United Nations says global public debt reached an all-time high of $92 trillion in 2022. The UN said 3.3 […]

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Fuel Subsidy: Investors collaborating with FG to harness Nigeria’s gas reserves – Energy Expert

By Ifunanya / July 13, 2023

Amid the impact of fuel subsidy removal on Nigerians, an energy expert, Philip Jegede, said investors have pledged commitment to […]

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