African Business News

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

Controversy surrounds Sylva’s alleged resignation

By Ifunanya / March 31, 2023

Minister of State for Petroleum, Timipre Sylva There were claims, on Thursday, that the Minister of State for Petroleum Resources, […]

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Nigerians buy one million air conditioners annually, says UN

By Ifunanya / March 31, 2023

Nigeria must not be a dumping ground for air conditioners and refrigerators with energy efficiency ratio that are below internationally […]

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Banking system best option to safeguard your funds – NDIC to Nigerians

By Ifunanya / March 31, 2023

The Nigeria Deposit Insurance Corporation, NDIC has reiterated its call to members of the public, particularly, the Medium, Small and […]

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37981 isuzu to increase market share in nigeria

Isuzu to increase market share in Nigeria

By Ifunanya / March 30, 2023

The Deputy President and Executive Vice President, Isuzu Motors International, Hirokazu Maruyama, has revealed plans to increase its market share […]

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Ecobank grows PBT by 13% to $540m

By Ifunanya / March 30, 2023

The Ecobank Group grew its profit before tax by 13 per cent to $540m in the 2022 financial year. This […]

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Subsidy removal: Invest N12trn in Nigeria’s fuel refining capacity – PETROAN Boss, Gillis-Harry

By Ifunanya / March 30, 2023

Dr Billy Gillis-Harry, the national president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has asked the […]

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37848 fuel subsidy removal wasteful if importation persists onovo

Fuel subsidy removal wasteful if importation persists – Onovo

By Ifunanya / March 30, 2023

Martin Onovo, a petroleum engineer and the National Conscience Party presidential candidate during the 2015 election, said that fuel subsidy […]

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NICA inaugurates governance committees

By Ifunanya / March 30, 2023

The President of the National Institute of Credit Administration, Mr Andy Ojei, has announced the inauguration of committees set up […]

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64.3million Nigerians lack adequate food, says UN

By Ifunanya / March 30, 2023

Thirty-two per cent (64.3 million) of Nigerians do not have enough food to consume, the World Food Programme, an organisation […]

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Domestic airfare decreased slightly by 0.18% in February – NBS

By Ifunanya / March 29, 2023

According to the National Bureau of Statistics’ recent report, domestic air transport fares decreased slightly by 0.18 per cent in […]

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NDDC adopts new youth development scheme

By Ifunanya / March 29, 2023

The Niger Delta Development Commission says it has developed a new concept of working with the Niger Delta Chamber of […]

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Rising cyberattacks threatening digital economy – Minister

By Ifunanya / March 29, 2023

Minister of Communications and Digital Economy, Isa Pantami The Minister of Communications and Digital Economy, Isa Pantami, has stated that […]

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Commodity trading firm redeems N5.7bn commercial papers

By Ifunanya / March 28, 2023

A commodities export and trading company, Neveah Limited, has redeemed its series 3 and 4 commercial papers at maturity, totalling […]

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Currency swap: Naira drops against dollar

By Ifunanya / March 28, 2023

The Naira depreciated against the dollar, exchanging N461.50 at the investors’ and exporters’ window on Monday. The rate represented a […]

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Nigeria’s economy may experience constraints in second quarter – Experts

By Ifunanya / March 28, 2023

The former President of Chartered Institute of Bankers of Nigeria, CIBN, Prof Segun Ajibola, in an interview with Media Talk […]

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Poor corporate governance worsens small business woes

By Ifunanya / March 28, 2023

Many small businesses struggle to survive in harsh operating environments. Their non-adherence to corporate governance has compounded their situation. DEBORAH […]

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Reps invite ministers, firms over $2.4bn oil sale

By Ifunanya / March 28, 2023

The House of Representatives’ will on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of […]

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Kaduna bank customers now able to withdraw 50,000 Naira across counter

By Ifunanya / March 27, 2023

Customers flooded commercial banks in Kaduna on Monday, making withdrawals, following the Central Bank directives to all commercial banks to […]

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Global economy speed slowed by COVID-19, Russia-Ukraine war – World Bank

By Ifunanya / March 27, 2023

The “speed limit” of the global economy is set to slump to a three-decade low by 2030, a new World […]

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Diamond aircraft explores investment prospects in Nigeria

By Ifunanya / March 27, 2023

Diamond Aircraft, a leading aircraft manufacturer, has announced its plans to expand into Africa with a focus on Nigeria. The […]

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