African Business News

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

48601 pos operators record 1 15trn transactions in march 2023

PoS operators record 1.15trn transactions in March 2023

By Ifunanya / April 19, 2023

As more Nigerians embrace electronic transactions, Point of Sale terminals recorded N1.15 trillion transactions in March 2023. The Nigeria Inter-Bank […]

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TotalEnergies appoints new executive director

By Ifunanya / April 19, 2023

The Board of Directors of TotalEnergies Marketing Nigeria Plc has approved the appointment of Mrs Bunmi Popoola-Mordi as an executive […]

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NGX rebounds with N2bn gain for investors

By Ifunanya / April 19, 2023

The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors. The All-Share Index also appreciated by 11.54 base […]

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48339 abiodun seeks ogun assemblys nod on stamp duties

Abiodun seeks Ogun Assembly’s nod on stamp duties

By Ifunanya / April 18, 2023

Ogun State Governor, Dapo Abiodun, has sent a letter to the House of Assembly, seeking its approval on the recovery […]

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48341 air transportation cote divoire given 10 day ultimatum to honour reciprocity agreement

Air transportation: Cote D’Ivoire given 10-day ultimatum to honour reciprocity agreement

By Ifunanya / April 18, 2023

Chairman of Air Peace, Mr. Allen Onyema The Airline Operators of Nigeria has slammed a 10-day ultimatum on the government […]

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Nigeria’s finance minister co-heads Commonwealth group for global financial reform

By Ifunanya / April 18, 2023

Minister of Finance, Budget and National Planning, Zainab Ahmed, has been named in the Commonwealth body for global financial reform. […]

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IKEDC generates highest revenue in Q3, Q4 2022 -NBS

By Ifunanya / April 18, 2023

The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the […]

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NRC services debt with N111bn, generates N12bn – Report

By Ifunanya / April 18, 2023

Nigerian Railway Corporation The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December […]

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Nigeria spent 96.3 per cent revenue in 2022 on debt servicing – World Bank

By Ifunanya / April 18, 2023

The Washington based-World Bank said Nigeria had spent 96.3 per cent of its 2022 revenue on debt servicing. Word Bank […]

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48007 nnpcl has deepened investments in akk other gas utilisation projects kyari

NNPCL has deepened investments in AKK, other gas utilisation projects – Kyari

By Ifunanya / April 18, 2023

The Nigeria National Petroleum Company Limited said it is strengthening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas […]

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51263 nigerias indebtedness to world bank now n6tn

Fuel subsidy: FG begins 40% pay rise for workers April ending

By Ifunanya / April 18, 2023

Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay […]

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Processors, farmers lament as foreign rice reappear in markets

By Ifunanya / April 17, 2023

Multiple brands of foreign rice from countries including Thailand and India have returned to markets in Kano, Jigawa, and Katsina […]

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Investment in modular refineries would stabilize Nigeria’s dwindling economy – Prof Ife

By Ifunanya / April 17, 2023

Prof Ken Ife, a development economist, says the federal government must invest in modular refineries to stabilize Nigeria’s economy. Ife […]

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Nigeria’s 96% revenue used to service debt in 2022 – World Bank

By Ifunanya / April 17, 2023

…says worsening economic environment leaving millions of Nigerians in poverty The World Bank says Nigeria’s constant fiscal deficit has worsened […]

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Banana Island building: LASEMA accident’s claim false, say builders

By Ifunanya / April 17, 2023

Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a […]

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47167 cbn approves george taylor as new ceo heritage bank

CBN approves George-Taylor as new CEO Heritage Bank

By Ifunanya / April 16, 2023

The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of […]

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Cashless Policy promotes banking services for MSMEs – CBN

By Ifunanya / April 16, 2023

The Central Bank of Nigeria has stressed that despite the challenges with the country’s banking infrastructure, the cashless policy will […]

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Nigeria’s inflation rises by 0.13%

By Ifunanya / April 16, 2023

Nigeria’s March inflation rate rose to 22.04 per cent from 21.91 per cent in February 2023, according to the National […]

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IMF lists reasons for Nigeria, others, low FDI

By Ifunanya / April 16, 2023

The International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked […]

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Cashless policy will boost MSME loans – CBN

By Ifunanya / April 16, 2023

The Central Bank of Nigeria and stakeholders in the financial services sector have said a robust cashless policy system is […]

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