African Business News

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

Global food prices fall by 2.1 per cent except Sugar – UNFAO

By Ifunanya / April 8, 2023

The United Nations, Food and Agriculture Organization said World food prices declined for the 12th consecutive month in March. FAO’s […]

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CBN tight monetary policy affecting banks’ profits, says operator

By Ifunanya / April 8, 2023

In the face of the Central Bank of Nigeria’s adoption of a hawkish monetary stance, more local lenders would pursue […]

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49635 forex scarcity energy costs others hurting manufacturers lcci

LCCI, Providus Bank partner on entrepreneurship

By Ifunanya / April 8, 2023

The Lagos Chamber of Commerce and Industry has received sponsorship worth N10m from Providus Bank as a grant for entrepreneurship […]

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41306 zamfara nscdc arrests three for circulating n2m fake currency

Naira depreciated by 10% in 2022 – World Bank

By Ifunanya / April 7, 2023

The World Bank has revealed that the naira has suffered a record depreciation of 10.2 per cent in 2022. This, […]

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Naira lost 10.2 per cent in 2023 – World Bank

By Ifunanya / April 7, 2023

The World Bank has said the naira lost 10.2 per cent of its value in 2022. The bank was speaking […]

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Less than 7% of African SMEs adopting tech – Report

By Ifunanya / April 7, 2023

Despite the vast opportunities for success that access to the internet and technology provides for small businesses in Africa, less […]

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House probes NCC over telecom fund, poor network

By Ifunanya / April 7, 2023

FILE PHOTO: Members of the House of Representatives at plenary The House of Representatives has resolved to investigate the Nigerian […]

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41564 bua foods records 31 growth in profit after tax

BUA Foods records 31% growth in profit after tax

By Ifunanya / April 6, 2023

Consumer goods company, BUA Foods, has reported a 31 per cent appreciation in its profit after tax for the financial […]

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LCCI raises alarm as Nigeria’s debt servicing decline to N3.87trn in 2022

By Ifunanya / April 6, 2023

The Lagos Chamber of Commerce and Industry, LCCI, has raised the alarm that Nigeria’s debt servicing declined to 3.87 trillion […]

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41347 nsia firm partner on eco friendly solutions

NSIA, firm partner on eco-friendly solutions

By Ifunanya / April 6, 2023

The Nigeria Sovereign Investment Authority has said it has completed a joint venture agreement with Vitol to invest in a […]

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Senate indicts NNPC over N102bn crude oil deliveries

By Ifunanya / April 6, 2023

Senate on Wednesday indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery and […]

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12046 Real Estate

Firm gets A-rating

By Ifunanya / April 6, 2023

File: Housing units. www.housingfinanceafrica.org A real estate company, Wemabod Limited, has emerged with A-rating after Augusto & Co, an international […]

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Africa’s growth low – World Bank

By Ifunanya / April 5, 2023

Growth across Africa remains sluggish due to the underperformance of its largest economies, high inflation, and a deceleration of investment […]

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Bitcoin platform with over one million Nigerian users shuts down

By Ifunanya / April 5, 2023

Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was […]

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Fuel subsidy removal: World Bank gives FG $800m for palliatives

By Ifunanya / April 5, 2023

The World Bank has granted the Nigerian government $800 million to put up a comprehensive palliative scheme for its citizens, […]

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26374 lagos fire buhari reacts mourns death of security guard

Buhari promises funding for implementing Nigeria Startup Act 2022

By Ifunanya / April 5, 2023

President Muhammadu Buhari on Wednesday inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the […]

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UBA Foundation empowers women with tech skills

By Ifunanya / April 5, 2023

UBA Foundation, the corporate social responsibility arm of United Bank for Africa Plc, says it has joined the rest of […]

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Osinbajo directs NSIA to develop carbon market plan

By Ifunanya / April 5, 2023

Vice President Yemi Osinbajo Vice President Yemi Osinbajo, on Tuesday, in Abuja, directed the Nigeria Sovereign Investment Authority to develop […]

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FCCPC gives update on approval of 173 digital lending apps

By Ifunanya / April 4, 2023

The Federal Competition and Consumer Protection Commission, FCCPC, is yet to approve 173 digital lending applications in the country. Ondaje […]

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Senate rescinds decision on financier of $22.79bn FG loan for railway

By Ifunanya / April 4, 2023

The Senate on Tuesday amended its decision on the financier of Kaduna-Kano railway project in the country, switching from the […]

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