African Business News

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

Cashless policy crisis: We’ve lost over N30bn – Egg farmers lament

By Ifunanya / March 17, 2023

The Poultry Farmers Association of Nigeria, PFAN, said its members had lost more than N30 billion eggs due to the […]

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Increasing petrol pump price won’t stop rising inflation – ACCI

By Ifunanya / March 17, 2023

The Abuja Chamber of Commerce and Industry, ACCI, has said that increasing the pump price of Premium Motor Spirit, PMS, […]

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Unions protest airport concession, sue minister, FAAN

By Ifunanya / March 17, 2023

Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa on Thursday Aviation workers’ unions have dragged […]

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Naira, fuel scarcity will push 24.8m Nigerians into crisis – Report

By Ifunanya / March 17, 2023

No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are […]

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Concerns over Nigeria’s inflation-free rise- Expert explains

By Ifunanya / March 16, 2023

Nigeria’s rising inflation rate has raised concerns among economic stakeholders and citizens at large. The country has witnessed its twelfth […]

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Fuel consumption hits 80million litres daily, subsidy skyrockets

By Ifunanya / March 16, 2023

The consumption of Premium Motor Spirit, popularly called petrol, has risen to about 80 million litres daily, pushing up subsidy […]

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SVB: CBN urges African regulators to avoid bank failure

By Ifunanya / March 16, 2023

Central Bank of Nigeria building The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has urged the governors […]

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Experts fault minister on 13million cyberattacks during polls

By Ifunanya / March 16, 2023

Minister of Communications and Digital Economy, Isa Pantami Cybersecurity experts have stated that the Federal Government’s claim that 12.99 million […]

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Nigeria’s inflation rate rises to 21.91%

By Ifunanya / March 15, 2023

The National Bureau of Statistics, NBS, said the country’s headline inflation rate rose to 21.91 per cent in February 2023 […]

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NCC directs telcos to implement harmonised short codes

By Ifunanya / March 15, 2023

The Nigerian Communication Commission has released harmonised shortcodes for mobile networks in the country. With this development, MTN, Airtel, Glo […]

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Debt crisis: Nigeria’s fuel subsidy heavily politicized – Financial expert laments

By Ifunanya / March 15, 2023

The Chief Executive Officer of CFG Advisory, Mr Tilewa Adebayo, has said the fuel subsidies removal has been heavily politicized […]

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Banks slash travel allowance, foreign school fees amid dollar scarcity

By Ifunanya / March 15, 2023

Nigerians woke up to not-too-good news on Tuesday as Deposit Money Banks and DMOs have pruned down the amount of […]

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BREAKING: Nigeria inflation rises to 21.91%

By Ifunanya / March 15, 2023

Nigeria inflation rate has risen to 21.91%, compared to January 2023 inflation rate which was 21.82%. The percentage represents a […]

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Ghana removes fuel subsidy

By Ifunanya / March 15, 2023

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy  is […]

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29528 ex commissioner urges tinubu to develop agric roadmap

Ex-commissioner urges Tinubu to develop agric roadmap

By Ifunanya / March 15, 2023

A former Ekiti State Commissioner for Agriculture, Dr Olabode Adetoyi, has urged Nigeria’s President-elect, Bola Tinubu, to develop a roadmap […]

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Nestle SA buys N90bn stake in Nigerian arm

By Ifunanya / March 15, 2023

Food and beverage company, Nestle South Africa, has acquired N90.29bn worth of shares in its Nigerian subsidiary (Nestlé Nigeria Plc). […]

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Abuja business owners, traders defy CBN, reject old N500, N1000

By Ifunanya / March 14, 2023

Business owners, traders and transporters in the Federal Capital Territory, Abuja, are defying the Central Bank of Nigeria’s directive on […]

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Global banking stocks dip over Silicon Valley Bank collapse

By Ifunanya / March 14, 2023

The sudden collapse of Silicon Valley Bank on Friday and Signature Bank two days after has continued to rattle the […]

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JUST IN: Foreign airlines trapped funds hit $743m

By Ifunanya / March 14, 2023

The International Air Transport Association, on Tuesday, disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have […]

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E-payment falls to N37tn as failed transaction mount

By Ifunanya / March 14, 2023

An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions […]

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