African Business News

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40355 fg approves 173 loan apps bars illegal online banks

FG approves 173 loan apps, bars illegal online banks

By Ifunanya / April 4, 2023

The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the […]

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40357 oil price jumps as opec cuts production

Oil price jumps as OPEC+ cuts production

By Ifunanya / April 4, 2023

Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations […]

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11619 FASHOLA

Real estate investment suffers setback as land registration bottleneck worsens

By Ifunanya / April 4, 2023

JOSEPHINE OGUNDEJI writes in this piece about the complexity of land documentation in the country and how the simplification of […]

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40206 stakeholders fault ports task force over n5 4bn demurrage claim

Stakeholders fault ports task force over N5.4bn demurrage claim

By Ifunanya / April 4, 2023

Maritime stakeholders have faulted the claims by the Ports Standing Task Team that its operations saved visiting ships N5.4bn they […]

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FG to launch digital postcode in June 2023

By Ifunanya / April 3, 2023

The Federal Government has concluded plans to launch the digital postcode system in Nigeria in June 2023. The Postmaster General […]

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51263 nigerias indebtedness to world bank now n6tn

Chinese loans rise by 209% under Buhari, hit $4bn

By Ifunanya / April 3, 2023

The President, Major General Muhammadu Buhari (retd.) Federal Government’s borrowing from China has grown by 209.15 per cent under the […]

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External reserves fell by $1.46bn in Q1 2023 – CBN

By Ifunanya / April 3, 2023

According to data from the Central Bank of Nigeria, CBN, Nigeria’s external reserves fell by $1.46bn between January and March. […]

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Delta, Akwa Ibom, Rivers lead as states share N9.3tn in three years

By Ifunanya / April 3, 2023

The 36 states in Nigeria shared a total of about N9.3tn as federal allocation between June 2019 and December 2022, […]

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External reserves fall by $1.46bn in two months- CBN

By Ifunanya / April 3, 2023

Governor of Central Bank of Nigeria, Godwin Emefiele The country’s external reserves fell by $1.46bn between January and March, figures […]

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39621 oseni takes over as wema bank substantive md

Oseni takes over as Wema Bank substantive MD

By Ifunanya / April 3, 2023

Wema Bank Plc has appointed Moruf Oseni as the substantive managing director and chief executive officer effective April 1, 2023. […]

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Nigeria to save $1.3bn by eliminating substandard products – UN

By Ifunanya / April 2, 2023

The United Nations Environment Programme has said Nigeria will save about $1.3 billion yearly if it stops using air conditioners […]

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Lagos, Delta top states’ N5.33tn domestic debts

By Ifunanya / April 2, 2023

DG, Debt Management Office, Patience Oniha The domestic debt owed by state governments and the Federal Capital Territory administration rose […]

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Lafarge, MTN, six others vote N744bn dividends

By Ifunanya / April 2, 2023

Some investors in the Nigerian Exchange Limited are due to receive over N744bn in dividend as announced by at least […]

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Nigeria struggling with 5,000mw generation capacity since I was born – Femi Otedola laments

By Ifunanya / April 1, 2023

The Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola, says there has not been improvement in Nigeria’s […]

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Moruf Oseni takes over as MD/CEO Wema Bank Plc

By Ifunanya / April 1, 2023

Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. […]

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Nigeria, Pakistan to improve bilateral trade

By Ifunanya / April 1, 2023

Minister of Aviation, Hadi Sirika The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the […]

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NSIA grows net assets by 10% to N1tn

By Ifunanya / April 1, 2023

The manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent […]

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Nigerians buy one million air conditioners yearly – UN

By Ifunanya / March 31, 2023

United Nations Environment Programme representative Brian Holu disclosed that over one million air conditioners were sold annually in Nigeria, adding […]

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NSIA grows net assets by 10.5 per cent to N1.02tn  

By Ifunanya / March 31, 2023

www.ashryainfra.com Manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent […]

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4444 nigerias debt profile to hit 77tn amid rising repayment burden dmo

Nigeria’s debt stock increases by 6.69trn in 1 year

By Ifunanya / March 31, 2023

Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, representing a N6.69 trillion […]

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