African Business News

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

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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Tinubu signs Electricity Act 2023 into Law

By Ifunanya / June 9, 2023

Barely ten days after his inauguration, President Bola Ahmed Tinubu has assented to the Electricity Act 2023. The Electricity Act […]

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71769 nigerias revenue from oil sector dropped by 60 per cent to n308bn in february cbn

Nigeria’s revenue from oil sector dropped by 60 per cent to N308bn in February – CBN

By Ifunanya / June 9, 2023

Nigeria’s revenue from the oil sector dropped by 60 per cent to N308.07 billion in February 2023. According to the […]

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N69.4bn debt: AMCON, Jimoh Ibrahim differ on judgement

By Ifunanya / June 9, 2023

The Asset Management Corporation of Nigeria on Thursday said the Court of Appeal, Lagos State Division, has dismissed an appeal […]

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71627 nnpcl withheld n8 48trn oil subsidy since january 2022 rmafc

NNPCL withheld N8.48trn oil subsidy since January 2022 – RMAFC

By Ifunanya / June 8, 2023

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has accused the Nigeria National Petroleum Company Limited (NNPCL) of withholding N8.480trillion. […]

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71586 10 poorest states owe over n1tn provide govs jumbo package

10 poorest states owe over N1tn, provide govs jumbo package

By Ifunanya / June 8, 2023

The 10 poorest states in Nigeria owe native and overseas collectors about N1.18tn, in response to findings by The While […]

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71420 427962 nigerians in diaspora get nin

427,962 Nigerians in diaspora get NIN

By Ifunanya / June 8, 2023

The share of diasporan Nigerians with National Identification Numbers rose to 25.17 per cent in May 2023. The National Identity […]

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Nigeria loses N150bn to gas flaring in four months – NOSDRA

By Ifunanya / June 8, 2023

Oil and gas companies operating in Nigeria flared 92.3 million standard cubic feet of gas, mscf, worth an estimated N150.8 […]

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71221 plastic pollution threatens mangroves in ndelta says hyprep

Plastic pollution threatens mangroves in N’Delta, says HYPREP

By Ifunanya / June 8, 2023

Prof Nenibarini Zabbey, Coordinator of HYPREP, The Hydrocarbon Pollution Remediation Project has expressed considerations that plastic pollution was an rising […]

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71098 data protection bureau rakes in n5 5bn says commissioner

Data protection bureau rakes in N5.5bn, says Commissioner

By Ifunanya / June 7, 2023

The National Commissioner, Nigeria Data Protection Bureau, Dr Vincent Olatunji, has stated that the sector has mixed earnings of N5.5bn, […]

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Nigeria’s economic growth too slow to tackle poverty – World Bank

By Ifunanya / June 7, 2023

The World Bank has said that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in […]

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24529 naira loses further at official market amid currency scarcity

Naira Holds Steady at N464.67 Against the US Dollar

By Ifunanya / June 7, 2023

The Nigerian local currency, Naira, maintained its stability during Tuesday’s trading, exchanging at N464.67 to the dollar at the Investors […]

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70749 petrol depot prices double following subsidy removal say marketers

Petrol Depot Prices Double Following Subsidy Removal, Say Marketers

By Ifunanya / June 7, 2023

Petrol depot prices have increased by over 100% since the Nigerian government officially removed subsidies on May 29, according to […]

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30454 concerns over nigerias inflation free rise expert explains

Fuel subsidy: Nationwide shutdown looms as inflation bites harder

By Ifunanya / June 4, 2023

Since President Bola Tinubu announced the abolition of the fuel subsidy regime on Monday, May 29, 2023, the country has […]

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70463 world bank funded data protection bill fails to be signed by buhari

Buhari failed to sign data protection bill despite W’Bank funding

By Ifunanya / June 4, 2023

The former President of Nigeria, Muhammadu Buhari, failed to sign the Nigeria Data Protection Bill again despite World Bank’s funding […]

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