African Business News

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

52626 tinubus enemies will sing his praise after inauguration bayelsa apc chieftain

Businesses make brisk profit ahead of Tinubu’s inauguration

By Ifunanya / May 28, 2023

Ahead of Monday’s inauguration of Bola Ahmed Tinubu as the President of the Federal Republic of Nigeria, businesses in the […]

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67534 what buhari osinbajo and others will get as severance packages

What Buhari, Osinbajo, and Others Will Get as Severance Packages

By Ifunanya / May 28, 2023

As the tenure of President Muhammadu Buhari and other political appointees comes to an end, it has been revealed that […]

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FG orders DisCo to disconnect uncertified transformers

By Ifunanya / May 27, 2023

The Federal Government on Friday ordered the Enugu Electricity Distribution Company to immediately disconnect all 33kV and 11kV transformers that […]

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Niger bans exportation of unprocessed shea nuts

By Ifunanya / May 27, 2023

Niger State governor, Alhaji Abubakar Sani Bello has announced a ban on the exportation of unrefined shea nuts as part […]

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66950 competition and consumer protection tribunal unveils practice rules

Competition and Consumer Protection Tribunal Unveils Practice Rules

By Ifunanya / May 26, 2023

The Competition and Consumer Protection Tribunal (CCPT) in Nigeria has launched its practice rules and its hearing room dedicated to […]

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66800 controversy trails nigeria air as airline operators protest its commencement

Controversy Trails Nigeria Air As Airline Operators Protest Its Commencement

By Ifunanya / May 26, 2023

Airlines Operators of Nigeria (AON) has opposed the start of Nigeria Air before May 29, following a court order. A […]

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Manufacturers criticize CBN for raising Interest Rate to 18.5%

By Ifunanya / May 26, 2023

The Manufacturers Association of Nigeria (MAN) has expressed dissatisfaction with the decision of the Central Bank of Nigeria (CBN) to […]

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IMF tasks Tinubu on revenue generation, debt reduction

By Ifunanya / May 26, 2023

The International Monetary Fund has urged the incoming government of President-elect, Sen. Bola Tinubu to take steps to increase the […]

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NDIC Plans to Liquidate Revoked Licenses of 132 Microfinance Banks Soon

By Ifunanya / May 25, 2023

The Nigeria Deposit Insurance Corporation (NDIC) has stated that it will soon fully liquidate the licenses of the 132 microfinance […]

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LCCI Urges Review of Poorly Implemented Policies by Incoming Government

By Ifunanya / May 25, 2023

The Lagos Chamber of Commerce and Industry (LCCI) has called on President-elect Bola Ahmed Tinubu to review the policies responsible […]

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66319 federal ministry of works and housing disburses n221bn to road contractors

Federal Ministry of Works and Housing Disburses N221bn to Road Contractors

By Ifunanya / May 25, 2023

The Federal Ministry of Works and Housing declared that N221bn has been disbursed to contractors who finished 71 road projects […]

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Non-Oil Sector’s Contribution to Nigeria’s GDP Drops to 93.79% in Q1 2023

By Ifunanya / May 25, 2023

In the first quarter of 2023, the non-oil sector’s contribution to Nigeria’s Gross Domestic Product (GDP) decreased to 93.79% from […]

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56948 ngx group blames 2023 polls naira scarcity for revenue drop

Sustainable Finance Vital to Nigeria’s Economic Growth – NGX

By Ifunanya / May 25, 2023

The Nigerian Exchange Limited (NGX) has emphasized the significance of sustainable financing to the transformation of the Nigerian economy. At […]

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CBN Explains Rationale for Hiking Interest Rate to 18.5%

By Ifunanya / May 25, 2023

The Central Bank of Nigeria (CBN) has explained why it increased the Monetary Policy Rate, known as the interest rate, […]

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52633 public notice firs extends vat filing deadline for april 2023

FIRS Extends Due Date for Filing of VAT Returns

By Ifunanya / May 24, 2023

The Federal Inland Revenue Service (FIRS) has announced the extension of the due date for filing of Value Added Tax […]

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BREAKING: CBN raises interest rate to 18.5%

By Ifunanya / May 24, 2023

CBN Governor, Godwin Emefiele The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase […]

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65809 nnpcl pays off 3 8bn joint venture debts to iocs

NNPCL Pays off $3.8bn Joint Venture Debts to IOCs

By Ifunanya / May 24, 2023

The outstanding $3.8 billion cash-call debts owed to international oil companies (IOCs) by the Nigerian National Petroleum Company Limited (NNPCL) […]

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65658 arla foods launches holstein friesian heifer delivery to boost nigerias dairy industry

Arla Foods Launches Holstein-Friesian Heifer Delivery to Boost Nigeria’s Dairy Industry

By Ifunanya / May 24, 2023

Arla Foods, the makers of Dano Milk, is set to boost milk production in Nigeria with the recent arrival of […]

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65534 local demand should take priority over exports for dangote refinery analyst advises

Local Demand Should Take Priority over Exports for Dangote Refinery – Analyst Advises

By Ifunanya / May 23, 2023

A business analyst, Michael Olajuwon, has called on the Dangote Refinery to prioritize meeting local demands before considering exports. His […]

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65469 dr bashir gwandu appointed as new executive vice chairman of naseni

Gwandu resumes office as NASENI’s executive vice chairman

By Ifunanya / May 23, 2023

The new and substantive Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure, NASENI, Dr Bashir Gwandu, […]

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