African Business News

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

65366 dangote refinery a game changer for nigeria says ex presidential aspirant

Dangote Refinery: A Game Changer for Nigeria, Says Ex-Presidential Aspirant

By Ifunanya / May 23, 2023

Chief Stanley Osifo, a former All Progressive Congress presidential aspirant, has hailed Aliko Dangote, the founder of Dangote Industries, for […]

Continue Reading
56080 imf studies china us eu dominance charges nigeria others on afcfta

IMF Report Reveals Only 1.5% of eNaira Wallets Actively Used After One Year

By Ifunanya / May 23, 2023

According to a recent report by the International Monetary Fund on Nigeria’s eNaira, the Central Bank of Nigeria’s digital currency, […]

Continue Reading

Nigeria Leads in Africa’s Foreign Direct Investment, Attracts $4.4bn Investment in Tech Ecosystem

By Ifunanya / May 23, 2023

The Director-General of the National Information Technology Development Agency, Kashifu Inuwa, has said that Nigeria receives almost 30% of Africa’s […]

Continue Reading
65107 president buhari launches dangote refinery a milestone for nigerias economy

President Buhari Launches Dangote Refinery: A Milestone for Nigeria’s Economy

By Ifunanya / May 23, 2023

In a laudable feat for Nigeria’s economy, President Muhammadu Buhari inaugurated the Dangote Petroleum Refinery in Lagos’s Ibeju-Lekki area. This […]

Continue Reading
11724 EMEFIELE

Dangote Group Pays off 70% of Loans Secured to Build Refinery – CBN Governor

By Ifunanya / May 22, 2023

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that the Dangote Group has repaid 70% of […]

Continue Reading

CBN Unveils eNaira Ambassadors at University of Jos

By Ifunanya / May 22, 2023

The Central Bank of Nigeria (CBN) has inaugurated eNaira wallet student ambassadors at the University of Jos in Plateau state, […]

Continue Reading
64697 dangote refinery opens set to process crude from three continents

Dangote Group Set to Supply First Tranche of Petroleum Products by July

By Ifunanya / May 22, 2023

The Chairman of Dangote Group, Aliko Dangote, has disclosed that the first tranche of petroleum products from the refinery will […]

Continue Reading

CBN Approves Four Firms to Print Cheques While Excluding NPSMC

By Ifunanya / May 22, 2023

The Central Bank of Nigeria (CBN) has approved four printing firms for the printing of cheques and has excluded Nigeria […]

Continue Reading
64697 dangote refinery opens set to process crude from three continents

Dangote Refinery Opens, Set to Process Crude from Three Continents

By Ifunanya / May 22, 2023

The much-awaited Dangote Refinery, the largest single-train refinery in the world, will begin operations today. With a refining capacity of […]

Continue Reading
17429 Babatunde Fashola2

Construction Professionals Benefit from Buari’s Administration – Fashola

By Ifunanya / May 21, 2023

The Minister of Works and Housing, Babatunde Fashola, affirms that Nigeria’s building experts, which include surveyors, architects, and construction companies, […]

Continue Reading
64417 over 70 of nigerian food exports rejected abroad nafdac

70 per cent of Nigeria’s food exports are rejected abroad – NAFDAC

By Ifunanya / May 21, 2023

Prof Mojisola Adeyeye, the Director General of the National Agency for Food and Drug Administration and Control, said over 70 […]

Continue Reading
29915 nigerias inflation rate rises to 21 91

Personal Loans Drop to N1.75tn in Q4 2022 Due to High Borrowing Costs

By Ifunanya / May 21, 2023

The Central Bank of Nigeria has revealed that personal loans decreased from N1.85tn in Q3 to N1.75tn in Q4 2022 […]

Continue Reading
64185 oil revenue surpasses solid minerals earnings by 393bn fg

Oil revenue surpasses solid minerals’ earnings by $393bn – FG

By Ifunanya / May 21, 2023

The Federal Government has frowned at the poor contribution of the solid minerals sector to Nigeria’s Gross Domestic Product and […]

Continue Reading
64057 cibn records a 16 9 increase in revenue in 2022

CIBN Records a 16.9% Increase in Revenue in 2022

By Ifunanya / May 21, 2023

The Chartered Institute of Bankers of Nigeria (CIBN) has announced that its revenue increased by 16.9% from N1.76 billion in […]

Continue Reading

Kebbi Command Generates N127m and Seizes Contraband Worth N71m in April 2023 – Comptroller Oramalugo

By Ifunanya / May 20, 2023

The Kebbi Area Command of the Nigeria Customs Service has announced that it generated N127,364,100 as revenue in April 2023. […]

Continue Reading

CBN Reports Rise in Nigeria’s Foreign Reserves to $36.6 Billion

By Ifunanya / May 20, 2023

The Central Bank of Nigeria has recently reported that the country’s foreign reserves rose to $36,624 million on May 15, […]

Continue Reading
63722 pengassan urges president buhari to sign energy commission amendment bill

Sign energy commission amendment bill, PENGASSAN urges Buhari

By Ifunanya / May 20, 2023

The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Friday, appealed to the President, Major General Muhammadu Buhari […]

Continue Reading
63586 icmr raises concern over surge in cyberattacks in the capital market

ICMR Raises Concern Over Surge in Cyberattacks in the Capital Market

By Ifunanya / May 19, 2023

The Institute of Capital Market Registrars (ICMR) has expressed concerns about the increasing global surge in cyberattacks in the finance […]

Continue Reading

Customs confirms appointment of Five DCGs, 15 ACGs

By Ifunanya / May 19, 2023

The Nigeria Customs Service Board, NCSB, has confirmed the appointment of five Deputy Comptroller Generals (DCGs) and 15 Assistant Comptroller […]

Continue Reading
52791 fg approves n53bn for works education aviation ministries

Nigeria’s National Assembly Approves Buhari’s $800m World Bank Loan Request

By Ifunanya / May 19, 2023

The House of Representatives Committee member on Loans, Aids, and Debt Management, Abubakar Yunusa Ahmad, announced that President Muhammadu Buhari’s […]

Continue Reading
Scroll to Top