African Business News

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

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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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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