African Business News

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

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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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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