African Business News

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

Nigeria repays $500m Eurobond debt

By Ifunanya / July 13, 2023

The Federal Government, through the Debt Management Office, DMO, has redeemed a $500 million Eurobond on its due date on […]

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Construction of LNG, LCNG Facility begins in Nasarawa state

By Ifunanya / July 12, 2023

Amina Mohammed,  LafiaLast updated Jul 12, 2023 The Nasarawa state Governor, Engr. Abdullahi Sule has laid the foundation for the […]

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NNPLC Limited mulls issuing Initial Public Offer to investors

By Ifunanya / July 12, 2023

The Nigerian National Petroleum Company Limited has said it plans to issue its Initial Public Offer(IPO) to investors. The Group […]

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81532 development bank trains over 1000 msmes in northern nigeria

Development Bank trains over 1,000 MSMEs in Northern Nigeria

By Ifunanya / July 12, 2023

The Development Bank of Nigeria (DBN) in continuation of its capacity development training programmes for Micro, Small and Medium Enterprises […]

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40598 fccpc gives update on approval of 173 digital lending apps

Don’t lend money to chronic borrowers – FCCPC warns digital lenders

By Ifunanya / July 12, 2023

The Federal Competition and Consumer Protection Commission (FCCPC) has warned digital lenders not to lend money to chronic borrowers. The […]

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Why Tinubu’s emergence as ECOWAS Chairman will boost businesses – NASME

By Ifunanya / July 12, 2023

The Nigerian Association of Small and Medium Enterprises (NASME) said President Bola Ahmed Tinubu’s emergence as the Chairman of the […]

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House To Investigate Illegal Charges, Deductions By Commercial Banks

By Ifunanya / July 11, 2023

By Gloria Essien, AbujaOn Jul 11, 2023 The House of Representatives has mandated its Committee on Banking and Currency (when […]

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Nigeria’s Capital Importation rises by 6.78 per cent to $1.13bn in Q1 2023

By Ifunanya / July 11, 2023

Capital importation into Nigeria rose by 6.78 per cent to $1.13 billion in the first quarter of 2023, the National […]

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81064 oil theft security operatives intercept vessel with stolen crude oil

Oil Theft: Security Operatives intercept vessel with stolen crude oil

By Ifunanya / July 11, 2023

The Nigeria National Petroleum Company Limited says, a non-public safety contractor employed by the NNPCL, Messrs. Tantita Security Services, has […]

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80949 fct irs restates commitment to revenue harmonisation

FCT-IRS restates commitment to revenue harmonisation

By Ifunanya / July 10, 2023

Hudu Yakubu, AbujaFinal up to date Jul 10, 2023 The Federal Capital Territory Administration ( FCTA) has restated it’s commitment […]

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80752 strengthening afcfta au hosts 14th private sector forum

Strengthening AfCFTA: AU Hosts 14th Private Sector Forum

By Ifunanya / July 10, 2023

The African Union Commision, in collaboration with the East African Community Secretariat (@jumuiya), is internet hosting the 14th AU High […]

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Don’t tamper with NMDPRA seals – IPMAN warns marketers in Kogi

By Ifunanya / July 10, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned marketers in Kogi State to stop tampering with seals belonging […]

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80617 nerc issued 21 power generation licences in 2022 report

NERC issued 21 power generation licences in 2022 – Report

By Ifunanya / July 10, 2023

The Nigerian Electricity Regulatory Commission issued power generation licences to 21 buyers in 2022, knowledge obtained from the Federal Government […]

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CPPE kicks against tax on informal traders

By Ifunanya / July 10, 2023

. The Centre for the Promotion of Private Enterprise (CPPE) has kicked against the choice of the federal authorities to […]

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80346 nigeria to convert training centers to entrepreneurship hubs

Nigeria to convert training centers to entrepreneurship hubs

By Ifunanya / July 9, 2023

The Industrial Training Fund, ITF, has revealed plans to convert its present Skills Training Centres situated in Lagos, Kano, Kogi […]

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80341 trademore makes clarifications on estate ownership

Trademore makes clarifications on estate ownership

By Ifunanya / July 9, 2023

Trademore Management has responded to the allegations of illegality of the estate. In its response, it confirmed that Trademore has […]

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Experts Caution Government On New Borrowings, Proffer Alternative

By Ifunanya / July 8, 2023

Some financial experts have urged the government to explore Public Private Partnership (PPP) option in addressing the country’s infrastructural challenges. […]

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Seek PPP option to address Nigeria’s infrastructural deficits – Experts tell Tinubu

By Ifunanya / July 8, 2023

Financial experts have urged the Bola Ahmed Tinubu-led Federal Government to explore the Public Private Partnership (PPP) option in addressing […]

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58266 nigerian banks pay n260bn as income tax in 2022

Bank customers get N115bn, $22.7m refunds from failed transactions in 10 years

By Ifunanya / July 8, 2023

The Central Bank of (*10*), CBN, says customers of Deposit Money Banks have obtained N115.45 billion and $22.7 million, respectively, […]

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Tinubu vows to remove bottlenecks, foster investment in Nigeria’s economy to favour youths

By Ifunanya / July 8, 2023

President Bola Tinubu has assured the manufacturing and repair sectors that extra reforms might be unfolded to allow effectivity and […]

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