African Business News

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

What Nigeria’s economy stands to gain from Halal products Industry – SON

By Ifunanya / April 23, 2023

The Standards Organization of Nigeria, SON, has revealed what the Nigerian economy would gain from the Halal products industry. According […]

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Internet users in Nigeria rose to 154m in Q4 2022

By Ifunanya / April 23, 2023

The National Bureau of Statistics has disclosed that Nigeria’s internet users grew to 154.8 million in the fourth quarter of […]

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SON reiterates commitment to Halal products standards

By Ifunanya / April 23, 2023

The Standards Organisation of Nigeria has reiterated its commitment to continually drive initiatives that promote the development of Halal products […]

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Sustain Presidential Power Initiative – Ondo commissioner, Obe tells FG

By Ifunanya / April 22, 2023

Engr Razaq Obe, the Commissioner for Energy and Mineral Resources in Ondo State, has appealed to the Federal Government and […]

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NDIC begins verification of Peak Merchant Bank depositors

By Ifunanya / April 22, 2023

The federal government has called on defunct Peak Merchant Bank depositors to come for verification to pay their insured deposits. […]

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Building collapse: Outsource project monitoring, architects advise govt

By Ifunanya / April 22, 2023

File photo: A collapsed building The Lagos State chapter of the Nigeria Institute of Architects has urged the state government […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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