African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the […]
Continue ReadingNigerian Railway Corporation The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December […]
Continue ReadingThe Washington based-World Bank said Nigeria had spent 96.3 per cent of its 2022 revenue on debt servicing. Word Bank […]
Continue ReadingThe Nigeria National Petroleum Company Limited said it is strengthening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas […]
Continue ReadingBarring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay […]
Continue ReadingMultiple brands of foreign rice from countries including Thailand and India have returned to markets in Kano, Jigawa, and Katsina […]
Continue ReadingProf Ken Ife, a development economist, says the federal government must invest in modular refineries to stabilize Nigeria’s economy. Ife […]
Continue Reading…says worsening economic environment leaving millions of Nigerians in poverty The World Bank says Nigeria’s constant fiscal deficit has worsened […]
Continue ReadingExperts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a […]
Continue ReadingThe Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of […]
Continue ReadingThe Central Bank of Nigeria has stressed that despite the challenges with the country’s banking infrastructure, the cashless policy will […]
Continue ReadingNigeria’s March inflation rate rose to 22.04 per cent from 21.91 per cent in February 2023, according to the National […]
Continue ReadingThe International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked […]
Continue ReadingThe Central Bank of Nigeria and stakeholders in the financial services sector have said a robust cashless policy system is […]
Continue ReadingSecurities and Exchange Commission, SEC, has said the lack of foreign exchange should be blamed for low Foreign Portfolio investments […]
Continue ReadingThe Director-General of the Securities and Exchange Commission, Lamido Yuguda, has blamed the dwindling level of Foreign Portfolio Investments in […]
Continue ReadingThe United States has resumed huge crude oil importation from Nigeria, increasing the country’s oil revenue by N156bn last month, […]
Continue ReadingThe World Bank has said the growth rate of Sub-Saharan Africa would slow by 3.6 per cent in 2023 as […]
Continue ReadingA Nigerian carrier, United Nigeria Airlines, says it has been registered as an Operational Safety Audit Programme operator under the […]
Continue ReadingThe World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like […]
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