African Business News

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

FG plans Internet access at farm settlements

By Ifunanya / April 22, 2023

The Minister of State for Budget and National Planning, Clem Agba, has disclosed the Federal Government commenced some priority actions […]

Continue Reading

Nigeria can earn N1tn from mushrooms annually – Don

By Ifunanya / April 21, 2023

A mushroom plant scientist, Prof. Sami Ayodele, has urged the Federal Government to create an opportunity for farmers to embrace […]

Continue Reading

Nigeria’s oil reserve drops to 36.9bn barrels as gas rises

By Ifunanya / April 21, 2023

The Federal Government has said Nigeria’s oil reserve dropped slightly to 36.966 billion barrels as of January 2023 but the […]

Continue Reading

NBS sets date to release new unemployment, employment figures in Nigeria

By Ifunanya / April 21, 2023

The National Bureau of Statistics, the federal government agency responsible for all statistical information in Nigeria, has announced the date […]

Continue Reading

Access Holdings’ gross earnings hit N1.4tn

By Ifunanya / April 20, 2023

Financial institution, Access Holdings Plc, has grown its gross earnings by 42.30 per cent to N1.4 trillion in the 2022 […]

Continue Reading

Otedola acquires 5.52% stake in Transcorp

By Ifunanya / April 20, 2023

Indigenous conglomerate, Transcorp Corporation Plc, has disclosed that billionaire businessman, Femi Otedola, has bought 2,245,639,251 units of the shares of […]

Continue Reading

Buhari’s govt speaks on debt repayment default to China

By Ifunanya / April 20, 2023

The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, costing […]

Continue Reading

FEC approves N142.24bn e-Customs project amid controversy

By Ifunanya / April 20, 2023

Amid controversy, the Federal government has approved an e-Customs modernization project at N142.24 billion. The approval is coming amid reports […]

Continue Reading

Nigerian fintech gets recognition in US

By Ifunanya / April 20, 2023

Accelerex, a fintech, has won the prestigious Excellence in Commerce Enablement Award at the Africa Fintech Summit 2023. According to […]

Continue Reading

End Malabu dispute with Shell, Eni, Malami advises Buhari

By Ifunanya / April 20, 2023

The Minister of Justice and Attorney General of the Federation, Abubakar Malami, has advised the President, Major General Buhari, to […]

Continue Reading
49045 local content soars to 54 in oil gas sector fg

Local content soars to 54% in oil, gas sector – FG

By Ifunanya / April 20, 2023

The Federal Government said it had increased local content investment activities in the oil and gas industry by 54 per […]

Continue Reading

Suspend $800m loan from World Bank – Group tells Buhari

By Ifunanya / April 19, 2023

Amid Nigeria’s rising debt profile, an economic group, the Center for Fiscal Transparency and Integrity Watch has asked President Muhammadu […]

Continue Reading
48836 rice imports into nigeria dropped to 438 tons in 2022 ekwelem

Rice imports into Nigeria dropped to 438 tons in 2022 – Ekwelem

By Ifunanya / April 19, 2023

An increase in Nigeria’s local rice production led to a drop in foreign rice importation from 1.2 million metric tons […]

Continue Reading
48599 nigeria railway corporation revenue drops to n1 15bn in q4 2022

Nigeria Railway Corporation revenue drops to N1.15bn in Q4 2022

By Ifunanya / April 19, 2023

Nigeria Railway Corporation’s revenue from passengers dropped to N1.15 billion in the Fourth Quarter of 2022 compared to N1.91 billion […]

Continue Reading
48601 pos operators record 1 15trn transactions in march 2023

PoS operators record 1.15trn transactions in March 2023

By Ifunanya / April 19, 2023

As more Nigerians embrace electronic transactions, Point of Sale terminals recorded N1.15 trillion transactions in March 2023. The Nigeria Inter-Bank […]

Continue Reading

TotalEnergies appoints new executive director

By Ifunanya / April 19, 2023

The Board of Directors of TotalEnergies Marketing Nigeria Plc has approved the appointment of Mrs Bunmi Popoola-Mordi as an executive […]

Continue Reading

NGX rebounds with N2bn gain for investors

By Ifunanya / April 19, 2023

The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors. The All-Share Index also appreciated by 11.54 base […]

Continue Reading
48339 abiodun seeks ogun assemblys nod on stamp duties

Abiodun seeks Ogun Assembly’s nod on stamp duties

By Ifunanya / April 18, 2023

Ogun State Governor, Dapo Abiodun, has sent a letter to the House of Assembly, seeking its approval on the recovery […]

Continue Reading
48341 air transportation cote divoire given 10 day ultimatum to honour reciprocity agreement

Air transportation: Cote D’Ivoire given 10-day ultimatum to honour reciprocity agreement

By Ifunanya / April 18, 2023

Chairman of Air Peace, Mr. Allen Onyema The Airline Operators of Nigeria has slammed a 10-day ultimatum on the government […]

Continue Reading

Nigeria’s finance minister co-heads Commonwealth group for global financial reform

By Ifunanya / April 18, 2023

Minister of Finance, Budget and National Planning, Zainab Ahmed, has been named in the Commonwealth body for global financial reform. […]

Continue Reading
Scroll to Top