African Business News

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

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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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20978 fg states lgcs share n750bn for january

FG, States, LGs share N656bn in FAAC for April

By Ifunanya / May 19, 2023

The Federal Government, States, and Local Government Councils (LGCs) have received N655.932 billion in the month of April, according to […]

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58814 subsidy removal spending on petrol may jump 250 to n8tn

NNPCL begins oil supply to Dangote Refinery next week

By Ifunanya / May 19, 2023

Group Managing Director of NNPCL, Mele Kyari As the Dangote Refinery begins operations next week, the supply of 300,000 barrels […]

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63143 nigerias data price among the worlds lowest statistics reveals

Nigeria’s Data Price Among the World’s Lowest: Statistics Reveals

By Ifunanya / May 18, 2023

The cost of 1GB mobile data in Nigeria is among the lowest worldwide, according to a report by the World […]

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63124 cfan and tinubu to revive cocoa production in nigeria

CFAN and Tinubu to Revive Cocoa Production in Nigeria

By Ifunanya / May 18, 2023

The Cocoa Farmers Association of Nigeria (CFAN) has expressed its intention to collaborate with the incoming administration led by Bola […]

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Nigerian Shipper’s Council Generates Over N2.5bn in Two Years from Demurrages and Other Charges

By Ifunanya / May 18, 2023

The Nigerian Shipper’s Council (NSC) has announced that it has generated more than N2.5 billion in revenue from demurrages and […]

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12727 SIRIKA

Uncertainty as Nigeria Air fails to fly 11 days to Buhari’s handover

By Ifunanya / May 18, 2023

LILIAN UKAGWU examines the possibility of the national carrier flying before the end of Buhari’s administration As Nigerians look forward […]

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Nigeria needs $12bn for oil spills clean up – Report

By Ifunanya / May 17, 2023

Nigeria, one of Africa’s largest oil producers, would need $12 billion to clean up several years of oil spills in […]

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