African Business News

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

77949 federal capital territory tax officers undergo training on auditing

Federal Capital Territory Tax Officers Undergo Training on Auditing

By Ifunanya / July 3, 2023

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has joined forces with the Chartered Institute of Taxation of Nigeria (CITN) […]

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Curb exploitative charges by banks – Financial expert tells CBN

By Ifunanya / July 2, 2023

Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria (CBN) to check the multiplicity of […]

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

Subsidy Removal: Inflation in Nigeria may hit 25 percent – World Bank

By Ifunanya / July 2, 2023

The World Bank has projected that inflation may hit 25 percent in 2023 as a result of petrol subsidy removal. […]

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30454 concerns over nigerias inflation free rise expert explains

Fuel Subsidy Removal: World Bank Predicts Nigeria’s Inflation to Reach 25% within Five Months

By Ifunanya / July 2, 2023

The World Bank has recently released its June 2023 edition of the Nigeria Development Update, projecting a significant rise in […]

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77572 us banks boost dividends for third quarter after passing federal reserve stress test

U.S. Banks Boost Dividends for Third Quarter After Passing Federal Reserve Stress Test

By Ifunanya / July 2, 2023

In a sign of their financial strength, several U.S. banks, including JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley, […]

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9703 stakeholders condemn electricity tariff hike call for reversal

DisCo breaks silence on planned electricity tariff hike

By Ifunanya / July 1, 2023

Amid speculations of an electricity tariff hike from July 1, Ibadan Electricity Distribution Company (IBEDC) has said the Nigerian Electricity […]

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77370 ghana power producers call off shutdown after interim deal

Ghana Power Producers Call Off Shutdown After Interim Deal

By Ifunanya / July 1, 2023

Ghana’s independent power producers IPPs have suspended a threatened shutdown from July 1 after reaching an interim deal with the […]

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77317 over 158 companies set to participate in the abuja afritrade business trade show

Over 158 Companies Set to Participate in the Abuja AfriTrade Business Trade Show

By Ifunanya / July 1, 2023

Preparations are at an advanced stage for the highly anticipated AfriTrade business-to-business (B2B) trade show, organized by the Abuja Chamber […]

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IPMAN Denies Plans to Increase Fuel Pump Price to N700, Urges Nigerians Not to Panic

By Ifunanya / July 1, 2023

In response to rumors circulating about a potential increase in the pump price of petrol, the Independent Petroleum Marketers Association […]

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77173 nigeria spends 62 66m on railway debt servicing

Nigeria Spends $62.66M on Railway Debt Servicing

By Ifunanya / July 1, 2023

The Nigerian government has allocated a staggering $62.66 million to service its railway-related debts in the first quarter of 2023, […]

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77075 supreme court ruling on student debt relief to cut 300 billion from us deficit

Supreme Court Ruling on Student Debt Relief to Cut $300 Billion from US Deficit

By Ifunanya / June 30, 2023

The recent decision by the US Supreme Court to strike down President Joe Biden’s student debt relief program will result […]

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24365 naira redesign uncertainty as supreme court nullifies policy

Why Naira is undervalued – Financial expert, Gbolade

By Ifunanya / June 30, 2023

Idakolo Gbolade, Chief Executive Officer of SD & D Capital Management, said one of the impacts of the recent floating […]

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14363 pos operators increase charges as scarcity of new notes persists in kaduna

Mobile money agents explain reasons behind PoS charge increase

By Ifunanya / June 30, 2023

Point of Sales (PoS) operators have recently come under scrutiny for their decision to raise charges per transaction. In a […]

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76779 cashless economy world bank urges nigeria to boost digital infrastructure

Cashless Economy: World Bank says Nigeria needs more digital infrastructure

By Ifunanya / June 30, 2023

Last updated Jun 30, 2023 Nigeria needs adequate digital and financial infrastructure to support a swift transition to a cashless […]

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76670 ican commends fgs removal of budget funding for professional bodies councils

ICAN reacts as FG removes professional bodies, councils from budget funding

By Ifunanya / June 29, 2023

The Institute of Chartered Accountants of Nigeria, ICAN, has reacted to the federal government’s discontinuation of budgetary allocations for professional […]

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76524 microsoft edge emerges as a strong contender with nearly 300 million users following chatgpt merger

Microsoft Edge Emerges as a Strong Contender with Nearly 300 Million Users Following ChatGPT Merger

By Ifunanya / June 29, 2023

According to the May Browser Market report by Atlas VPN, Microsoft Edge has witnessed a significant surge in its user […]

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Customer Data: Commission Faults CBN’s directive to financial institutions

By Ifunanya / June 28, 2023

The Nigeria Data Protection Commission(NDPC)has said it is inappropriate for the Central Bank of Nigeria, CBN, to mandate the financial […]

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CBN limits contactless payments to N50,000 daily

By Ifunanya / June 28, 2023

The Central Bank of Nigeria (CBN) has placed a N50,000 daily limit on contactless payments through bank accounts or digital […]

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58086 ways and means strictly a cbn affair experts

CBN Introduces Limit on Contactless Payments in Nigeria

By Ifunanya / June 28, 2023

The Central Bank of Nigeria (CBN) has recently introduced a new guideline that places a limit on contactless payment in […]

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Government Discontinues Funding of Professional Bodies and Councils

By Ifunanya / June 28, 2023

In a recent circular, the federal government has announced the discontinuation of funding for professional bodies and councils starting from […]

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