African Business News

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

75787 nigerias stock market starts the week on a positive note

Nigeria’s Stock Market Starts the Week on a Positive Note

By Ifunanya / June 27, 2023

By Chiamaka Okechukwu Nigeria’s stock market began the week on a bullish note as gains on 46 stocks led to […]

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75776 ndpb criticizes cbns request for bank consumers social media handles

NDPB Criticizes CBN’s Request for Bank Consumers’ Social Media Handles

By Ifunanya / June 27, 2023

In a recent interview on Channels Television, Dr Vincent Olatunji, the National Commissioner of Nigeria Data Protection Bureau (NDPB), expressed […]

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75700 ndic holds strong to ethical standards amidst allegations of financial impropriety

NDIC Holds Strong to Ethical Standards Amidst Allegations of Financial Impropriety

By Ifunanya / June 26, 2023

June 26, 2023 – The National Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to maintaining the highest ethical standards […]

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75689 experts sound alarm as nigerians abandon local cuisines in favor of imported options

Experts Sound Alarm as Nigerians Abandon Local Cuisines in Favor of Imported Options

By Ifunanya / June 26, 2023

In a recent development, the Nigerian Institute of Food Science and Technology (NIFST), Western Chapter, has expressed concern about the […]

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75595 saudi aramco and total energies collaborate to construct petrochemicals complex

Saudi Aramco and Total Energies Collaborate to Construct Petrochemicals Complex

By Ifunanya / June 26, 2023

Saudi Aramco, the state-owned oil company of Saudi Arabia, and Total Energies, the French multinational oil and gas company, have […]

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CBN and Bill Gates Foundation Forge Partnership for Financial Inclusion

By Ifunanya / June 26, 2023

The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have announced a strategic partnership focused […]

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75506 osun state embarks on comprehensive staff audit to strengthen public service

Osun State Embarks on Comprehensive Staff Audit to Strengthen Public Service

By Ifunanya / June 25, 2023

The government of Osun State, led by Governor Ademola Adeleke, has commenced a thorough staff audit across the public service […]

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75485 tinubu applauds afdbs 520m investment in nigerias agro industries

Tinubu Applauds AfDB’s $520m Investment in Nigeria’s Agro Industries

By Ifunanya / June 25, 2023

In a move that is set to further boost Nigeria’s agricultural sector, the African Development Bank (AfDB) has announced a […]

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75414 cross river state partners with utm offshore to host onshore base for floating gas plant

Cross River State Partners with UTM Offshore to Host Onshore Base for Floating Gas Plant

By Ifunanya / June 23, 2023

In a significant development for the oil and gas sector in Nigeria, the government of Cross River State has struck […]

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75323 intel restructures manufacturing business

Intel Restructures Manufacturing Business

By Ifunanya / June 23, 2023

Intel Corp (INTC.O) says its manufacturing enterprise will work like a separate unit and can start to generate a margin. […]

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75311 firs and matan join forces to streamline vat remittance from informal sector

FIRS and MATAN Join Forces to Streamline VAT Remittance from Informal Sector

By Ifunanya / June 23, 2023

The Federal Inland Revenue Service (FIRS) has taken a significant step towards tackling multiple taxation by partnering with the Market […]

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75236 naira weakens against us dollar trades at n763 17

Naira Weakens Against US Dollar, Trades at N763.17

By Ifunanya / June 22, 2023

In a recent development, the Nigerian Naira experienced a depreciation against the US dollar at the investor’s and exporters’ window. […]

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75152 canadas net zero 2050 emissions goal in danger of being missed says energy regulator

Canada’s Net-Zero 2050 Emissions Goal in Danger of Being Missed, Says Energy Regulator

By Ifunanya / June 21, 2023

The Canada Energy Regulator (CER) has warned that Canada will fail to achieve its net-zero emissions goal by 2050 unless […]

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Subsidy: Likelihood of increase in storage, freight, others will arise – ANLCA warns

By Ifunanya / June 20, 2023

The Association of Nigerian Licensed Customs Agents (ANLCA) says there is a likelihood of increase in storage by the terminal […]

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74987 investors make n8bn marginal gains at ngx amid tinubus forex reforms

Investors Make N8bn Marginal Gains at NGX Amid Tinubu’s Forex Reforms

By Ifunanya / June 20, 2023

Lagos, Nigeria – In a positive turn of events, investors at the Nigerian Exchange (NGX) closed on Monday with a […]

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74945 nigeria and us forge stronger partnership for energy sector growth

Nigeria and U.S. Forge Stronger Partnership for Energy Sector Growth

By Ifunanya / June 20, 2023

By Hauwa Abubakar, Last updated Jun 19, 2023 The Assistant Secretary of the U.S. Department of State’s Bureau of Energy […]

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74791 paris air show takes off with record breaking airbus deal

Paris Air Show Takes Off with Record-breaking Airbus Deal

By Ifunanya / June 19, 2023

The much-anticipated Paris Air Show has finally made its comeback after a four-year hiatus due to the COVID-19 pandemic. This […]

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71043 data safety nigeria takes lead in africa with over 200 million people nc ndpb

Data Protection Act: Banks, telcos to lose 2% revenue for breaches – NDPC CEO Olatunji

By Ifunanya / June 19, 2023

The National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has said that commercial banks, […]

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74676 late proposal disrupts eu energy market plan as subsidy extension for coal plants is proposed

Late Proposal Disrupts EU Energy Market Plan as Subsidy Extension for Coal Plants is Proposed

By Ifunanya / June 19, 2023

Last updated: June 19, 2023 Luxembourg – A sudden proposal to extend subsidies for coal plants has thrown a wrench […]

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CBN introduces new policies to boost transparency and stability in the foreign exchange market

By Ifunanya / June 19, 2023

The Central Bank of Nigeria (CBN) has recently implemented a series of policy changes in an effort to improve transparency, […]

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