African Business News

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

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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Stakeholders reject Buhari’s government tax hike

By Ifunanya / May 3, 2023

Stakeholders in Nigeria’s production, manufacturing and private sectors have rejected the introduction of excise tax by President Muhammadu Buhari’s administration. […]

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56383 prices of beef beans yam others rose in march 2023 nbs

Prices of beef, beans, yam, others rose in March 2023 – NBS

By Ifunanya / May 3, 2023

As Nigerians battle with increasing prices of food items, with food inflation standing at 24.45 per cent in March and […]

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Nigerian Breweries issues N25bn commercial paper

By Ifunanya / May 3, 2023

Nigerian Breweries Plc has revealed a plan to raise N25bn from commercial paper issuance to support the company’s short-term working […]

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Turkish Airlines begins probe as wheelchair passenger alleges maltreatment

By Ifunanya / May 3, 2023

In her decades of flying, Ms Margaret Adeyileka, a middle-aged woman who uses a wheelchair, says the humiliation she suffered […]

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56173 zenith bank shareholders approve n100 47bn dividend payment

Zenith Bank shareholders approve N100.47bn dividend payment

By Ifunanya / May 3, 2023

Zenith Bank Plc has said it will pay its shareholders N100.47 bn dividend for the 2022 financial period. It disclosed […]

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Buhari approves exclusion of Ministry of Finance Incorporated from TSA

By Ifunanya / May 2, 2023

President Muhammadu Buhari on Tuesday in Abuja approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the […]

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38734 nigeria pakistan to improve bilateral trade

Stop planned demolition in Lagos, Senate urges aviation minister

By Ifunanya / May 2, 2023

Minister of Aviation, Hadi Sirika The Senate on Tuesday directed the Minister of Aviation, Senator Hadi Sirika, to stop forthwith, […]

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Nigerians with Bank Verification Number rises to 57m – CBN

By Ifunanya / May 2, 2023

The Central Bank of Nigeria, CBN, said that over 57 million Nigerians have Bank Verification Numbers (BVN) as of March […]

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55770 its an irrelevant burden expert faults new vat filing process

‘It’s an irrelevant burden’ – Expert faults new VAT filing process

By Ifunanya / May 2, 2023

A fellow of the Chartered Institute of Taxation of Nigeria, Dr Gbenga Adeoye, has advised the Federal Inland Revenue Service […]

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Subsidy: Salary payment unlikely after June, says Obaseki

By Ifunanya / May 2, 2023

Edo State Governor, Godwin Obaseki The Edo State Governor, Mr. Godwin Obaseki, on Monday, said the Federal Government might not […]

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Builders consider brick option as housing shortage worsens

By Ifunanya / May 2, 2023

With affordable housing still elusive in the country, some experts are advocating brick building as a viable solution to the […]

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