African Business News

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

Gombe agency generates N1.8bn in two years

By Ifunanya / May 7, 2023

The Gombe State Geographic Information Systems has generated over N1.8 billion in revenue in two years, its Director-General, Dr Kabiru […]

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Nigeria’s borrowing from World Bank hits $14.34bn in Q1 – Report

By Ifunanya / May 7, 2023

Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023, The has learnt. This was an […]

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58418 e identity system vital to digital economy says nimc

E-identity system vital to digital economy, says NIMC

By Ifunanya / May 7, 2023

The Director-General of the National Identity Management Commission, Aliyu Abubakar , has said in order to advance digital infrastructure and […]

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Treasurers lament forex scarcity in Nigeria, urge FG to intervene

By Ifunanya / May 6, 2023

The Nigeria Association of Corporate Treasurers has lamented the scarcity of foreign exchange in the Country. Foreign scarcity has been […]

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Nigerian banks pay N260bn as income tax in 2022

By Ifunanya / May 6, 2023

To improve the country’s revenue drive, 10 commercial banks listed in the Nigerian Exchange Group, NGX, paid N260.3 billion in […]

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Corporate treasurers urge FG to address forex scarcity

By Ifunanya / May 6, 2023

The Association of Corporate Treasurers of Nigeria has urged the Federal Government to address the scarcity of foreign exchange that […]

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FG to begin N22.7tn loan repayment in 2026 –DMO

By Ifunanya / May 6, 2023

DG, Debt Management Office, Patience Oniha The repayments of principal to service the loans from the Central Bank of Nigeria […]

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Concerns over N142bn e-customs contract approval by Buhari’s government

By Ifunanya / May 5, 2023

Concerns of palpable wrongdoing have been raised over the recently approved N142.24 billion e-custom project by the Federal Executive Council. […]

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Nigeria’s electricity bill cheapest, most defaulted – Power Minister

By Ifunanya / May 5, 2023

Nigeria’s electricity bill is the cheapest in the world, the Minister of State for Power who appeared before the Senate […]

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Africa intensifies energy transition efforts amid climate change concerns

By Ifunanya / May 5, 2023

As the global race towards achieving the United Nations carbon-free world set for 2050 intensifies, African countries have ramped up […]

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Locally produced Indomie Instant Noodles safe for consumption – NAFDAC

By Ifunanya / May 4, 2023

The National Agency for Food and Drug Administration and Control (NAFDAC) has confirmed that locally produced Indomie Instant Noodles in […]

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FG disconnects discos from national grid over debt

By Ifunanya / May 4, 2023

Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission […]

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52775 serving me is very difficult buhari decorates personal security aides

Senate approves Buhari’s 22.7trn ‘Ways and Means’ loan request

By Ifunanya / May 4, 2023

After much ado, the Senate finally approved the request by President Muhammadu Buhari to restructure the N22.7 trillion loans the […]

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NGX group blames 2023 polls, naira scarcity for revenue drop

By Ifunanya / May 4, 2023

The Nigerian Exchange Group has said that the last general election and the Naira redesign policy of the Central Bank […]

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16216 NGX

CIS, NGX recommit to partnership as full physical trading returns

By Ifunanya / May 4, 2023

The Chartered Institute of Stockbrokers has said that it will continue to work with the board and management of Nigerian […]

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World Bank picks Ajay Banja as 14th President

By Ifunanya / May 4, 2023

The Washington-based World Bank has appointed Ajay Banga as its new President. The World Bank confirmed that Banga, who had […]

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56756 citn counsels inductees on capacity building

CITN counsels inductees on capacity building

By Ifunanya / May 4, 2023

The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has urged its new inductees to improve their knowledge […]

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Buhari launches National Development Plan as Nigeria targets $33,328 GDP per capita

By Ifunanya / May 3, 2023

President Muhammadu Buhari has launched a new long-term National Development Plan, tagged the Nigeria Agenda 2050, NA 2050. In a […]

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56580 updated world bank appoints ajay banga as president

UPDATED: World Bank appoints Ajay Banga as president

By Ifunanya / May 3, 2023

The World Bank confirmed on Wednesday that Ajay Banga would be its next president, handing him the reins at a […]

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16849 naira scarcity zenith bank shuts down operation in branches

Fire incident at Zenith Bank’s primary data centre is causing a network downtime

By Henry Orji / May 3, 2023

Zenith Bank, Nigeria’s biggest bank by market capitalisation, is experiencing a total infrastructure downtime after a fire at the company’s […]

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