African Business News

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

74548 lagos government urges safe conversion of petrol powered equipment to gas

Lagos Govt advocates safe conversion of Petrol-powered equipment to Gas 

By Ifunanya / June 18, 2023

Luqmon Balogun, LagosLast updated Jun 18, 2023 The Lagos State Government is calling on residents to be safety conscious in […]

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74502 nigeria records significant increase in crude oil production generating n1 27tn in may

Nigeria Records Significant Increase in Crude Oil Production, Generating N1.27tn in May

By Ifunanya / June 18, 2023

In a positive development for Nigeria’s economy, the country’s crude oil production witnessed a significant rise in May 2023. According […]

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Fuel subsidy hardship: Economists offer Tinubu urgent solutions

By Ifunanya / June 18, 2023

Financial experts have listed what the federal government must do to boost the country’s external reserves amid the economic hardship […]

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Nigeria’s Mining Cadastre Office Generates Impressive N18bn Revenue

By Ifunanya / June 18, 2023

The Nigeria Mining Cadastre Office (MCO) has achieved a significant milestone by generating approximately N18 billion in revenue from 2019 […]

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74373 foreign exchange unification and electricity act tackle 45 of nigerias manufacturing challenges christopher enemuo

Foreign Exchange Unification and Electricity Act Tackle 45% of Nigeria’s Manufacturing Challenges – Christopher Enemuo

By Ifunanya / June 18, 2023

In a recent statement, manufacturing expert Mr. Christopher Enemuo has hailed the newly signed 2023 Electricity Act, stating that the […]

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Stakeholders Advocate Investment Clubs In Schools

By Ifunanya / June 17, 2023

By: Salamatu Ejembi, LagosLast updated Jun 17, 2023 Some stakeholders in the education sector in Lagos State are proposing the […]

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23539 over 75 per cent of cbn anchor borrowers loans unpaid imf

IMF backs CBN on foreign exchange unification

By Ifunanya / June 17, 2023

The International Monetary Fund has backed the Central Bank of Nigeria in unifying its foreign exchange Market. Media Talk Africa […]

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Nigeria Mining Cadastre generated N18bn in four years – DG, Nkon

By Ifunanya / June 16, 2023

The Director General of Nigeria Mining Cadastre Office (MCO), Mr Obadiah Nkon, said the office increased revenue generation to about […]

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24529 naira loses further at official market amid currency scarcity

Naira Exchange Rate Plummets Against Dollar, Now at N702.19

By Ifunanya / June 16, 2023

In a turn of events following the Central Bank of Nigeria’s decision to liberalize the foreign exchange market, the Naira […]

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Cooking gas prices in Nigeria decrease due to international market forces, say industry experts

By Ifunanya / June 15, 2023

The recent decrease in the retail price of cooking gas in Nigeria can be attributed to the fall in product […]

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73601 central bank of nigeria ends rt200 rebate and naira4dollar remittance schemes

Central Bank of Nigeria Ends RT200 Rebate and Naira4Dollar Remittance Schemes

By Ifunanya / June 15, 2023

In a recent statement, the Central Bank of Nigeria (CBN) has officially announced the discontinuation of the RT200 Rebate and […]

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CBN Confirms Operational Changes to Foreign Exchange Market

By Ifunanya / June 15, 2023

The Central Bank of Nigeria (CBN) has announced operational changes to the foreign exchange market. In a statement issued by […]

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CBN grants banks freedom to trade forex at any rate

By Ifunanya / June 14, 2023

The Central Bank of Nigeria has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation means […]

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73209 fg grants indigenous firm license to export and import oil with potential for 100000 jobs

FG Grants Indigenous Firm License to Export and Import Oil, with Potential for 100,000 Jobs

By Ifunanya / June 14, 2023

The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a license for the establishment of Belema Sweet Expert […]

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Experts claim Nigeria’s economy suffered under Emefiele’s leadership at CBN

By Ifunanya / June 13, 2023

Economic experts have stated that Nigeria’s economy suffered due to the wrong policies implemented by the suspended Governor of the […]

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73042 nigerias 2022 electrical product imports reach 3 47 billion report

Nigeria’s 2022 Electrical Product Imports Reach $3.47 Billion – Report

By Ifunanya / June 13, 2023

Nigeria’s imports of phones, generators, electrical transformers and other electrical products amounted to $3.47 billion in 2022, according to a […]

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Nigerian govt accuses ExxonMobil of oil theft, economic sabotage

By Ifunanya / June 12, 2023

The Federal Government has accused American multinational oil and gas giant, ExxonMobil of oil theft in Rivers State. The Nigerian […]

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Binance is illegal, do not patronize it – SEC warns Nigerians

By Ifunanya / June 11, 2023

The Securities and Exchange Commission has declared the activities of a cryptocurrency site known as Binance illegal in Nigeria. The […]

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72379 nnpcl refutes rumours of mele kyaris sack

NNPCL Refutes Rumours of Mele Kyari’s Sack

By Ifunanya / June 10, 2023

The Nigerian National Petroleum Corporation Limited (NNPCL) has debunked the rumours circulating on social media that its Group Chief Executive […]

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72185 telecoms sector makes over n2 5 trillion contribution to nigerian gdp

Telecom sector contributes N2.508tn to Nigeria’s GDP

By Ifunanya / June 10, 2023

The telecommunications and Information Services sector in Nigeria has, in the first quarter of 2023, delivered a handsome N2.508 trillion […]

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