African Business News

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

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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38020 banking system best option to safeguard your funds ndic to nigerians

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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49635 forex scarcity energy costs others hurting manufacturers lcci

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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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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