African Business News

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

Investors gain N10bn as market rebounds – NGX

By Ifunanya / March 22, 2023

Nigerian Exchange Limited said it ended trading on Tuesday, with the stock market gaining N10 billion for investors. The equities […]

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Telecom excise duty exemption commendable, send-off gift by Buhari – NATCOMS, ATCON

By Ifunanya / March 22, 2023

The President National Association of Telecoms Subscribers, Deolu Ogunbanjo, and the Executive Secretary Association of Telecommunications Companies of Nigeria, ATCON, […]

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Investors victims of 18 per cent interest rate hike – CPPE tells CBN

By Ifunanya / March 22, 2023

The Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, said that investors are the casualties of […]

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Nigeria, China bilateral trade dips to N37.8bn in one year

By Ifunanya / March 21, 2023

The bilateral trade between Nigeria and China has dropped by N37.3 bn in 2022 from the previous record in 2021, […]

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Investment firm acquires controlling stake in Infrastructure Bank

By Ifunanya / March 21, 2023

An investment firm, Norrenberger group, has taken over a controlling equity stake of 60 per cent in The Infrastructure Bank. […]

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Save Nigerians from poverty – Experts set economic agenda for governors-elect

By Ifunanya / March 21, 2023

As Nigeria enters the concluding moments of the highly anticipated general elections, especially the just concluded gubernatorial polls, financial experts […]

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17429 Babatunde Fashola2

How poor mortgage system frustrates housing programmes

By Ifunanya / March 21, 2023

Low-income earners have been facing challenges meeting one of the basic needs of man, shelter, due to lack of access […]

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32788 ecowas advises nigeria to grow vat revenue

ECOWAS advises Nigeria to grow VAT revenue

By Ifunanya / March 21, 2023

The Economic Community of West African States on Monday raised concern over the low contribution of Value Added Tax to […]

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32604 nigeria relies on generators for 75 electricity report

Nigeria relies on generators for 75% electricity – Report

By Ifunanya / March 21, 2023

ABOUT 75 per cent of electricity consumed in Nigeria comes from diesel and petrol-powered generators, the latest reports released on […]

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32606 e bills payment falls by 44 over cash crunch nibss

E-bills payment falls by 44% over cash crunch – NIBSS

By Ifunanya / March 21, 2023

The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira […]

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More than half of world’s poor in Africa – Economist

By Ifunanya / March 21, 2023

Chief Economist, Economic Commission for Africa (ECA), Hanan Morsy, said Africa accounts for more than half of the world’s poor. […]

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NCC launches TELCARE centre at Abuja airport

By Ifunanya / March 20, 2023

The Nigeria Communications Commission has launched its Telecom Consumer Assistance, Resolution and Enquiries Desk, in the Arrival Lounge of the Nnamdi […]

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FG earns N10tn in VAT under Buhari’s government

By Ifunanya / March 20, 2023

The Federal Government has earned N10.1 trillion in revenue from the Value Added Tax, VAT, under President Muhammadu Buhari’s administration. […]

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Unilever Nigeria to exit home care, skin cleansing markets

By Ifunanya / March 20, 2023

Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets […]

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Harvard alumnus advises incoming govt on economic growth

By Ifunanya / March 20, 2023

A former Chairman of the Federal Inland Revenue Service, Ms Ifueko Okauru, has urged the incoming government to focus on […]

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Currency in circulation now N982bn in February from N3.29tn – CBN

By Ifunanya / March 19, 2023

Nigeria’s Currency in Circulation, CIC, dipped by 235.03 per cent to 982.09 Billion at the end of February 2023 from […]

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FG raises fuel supply to avert price hike

By Ifunanya / March 19, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The Federal Government, through its Nigerian National Petroleum Company […]

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Currency in circulation now N982bn – CBN

By Ifunanya / March 19, 2023

The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February […]

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FG gives subsidies to mini-grid developers

By Ifunanya / March 18, 2023

The federal government has announced plans to award subsidies to mini-grid developers for the deployment of solar power mini-grids to […]

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Completed Lagos real estate projects fall 14% –Report

By Ifunanya / March 18, 2023

Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result […]

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