African Business News

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

11383 500 and 1000 naira notes

Oil marketers reject old naira notes despite CBN directive

By Ifunanya / March 14, 2023

Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect […]

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12798 E Passports

Nigerians to pay N1,000 NIN fee for passports

By Ifunanya / March 14, 2023

Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National […]

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Nigeria’s economy loses N20trn over naira crisis

By Ifunanya / March 13, 2023

The Director of the Centre for the Promotion Of Private Enterprise, CPPE, Dr Muda Yusuf, said Nigeria’s economy had lost […]

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28567 firm builds market for building materials dealers

Firm builds market for building material dealers

By Ifunanya / March 13, 2023

A real estate firm, M. I. Okoro and Associates, has announced its partnership with Polaris Bank towards the relocation of […]

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Firm builds market for building materials dealers

By Ifunanya / March 13, 2023

A real estate firm, M. I. Okoro and Associates, has announced its partnership with Polaris Bank towards the relocation of […]

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Commuters, others face hard times as old notes rejection continues

By Ifunanya / March 13, 2023

The rejection of old notes by transport operators, fuel stations, traders, and other businesses continued over the weekend, leaving many […]

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SMEs to partner with Ekiti govt

By Ifunanya / March 13, 2023

The newly elected vice chairperson of Small and Medium Enterprises (SMEs) in Ekiti State, Mrs Sanyaolu Adebola, who doubles as […]

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Amid Naira crisis, CBN ends cash swap programme

By Ifunanya / March 12, 2023

The Central Bank of Nigeria, CBN, has ended its cash swap programme for rural and unbanked Nigerians amid the current […]

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CBN ends cash swap programme in rural areas

By Ifunanya / March 12, 2023

CBN Governor, Godwin Emefiele The Central Bank of Nigeria says residents of rural and unbanked areas can no longer swap […]

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Pilots back NCAT tuition hike

By Ifunanya / March 12, 2023

Stakeholders in the aviation industry have expressed support for the hike in the standard pilot fee of the Nigerian College […]

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‘Private sector contracted in February amid cash crunch’

By Ifunanya / March 12, 2023

The private sector business condition in Nigeria has plummeted amidst the naira scarcity, a monthly report by Stanbic IBTC has […]

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Currency swap: Naira ends week on negative note against dollar

By Ifunanya / March 11, 2023

The Naira lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window on Friday. The […]

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Visa revocation: Seplat CEO quits, COO takes over

By Ifunanya / March 11, 2023

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a […]

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Four US banks lose $52bn in market value

By Ifunanya / March 11, 2023

The four biggest United States of America banks lost $52bn in market value on Thursday after shares in SVB Financial, […]

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Ramadan: CBN told to release more new naira notes

By Ifunanya / March 10, 2023

The Chief Imam of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, Sheikh Yahya Al-Yolawi, on Friday called on the Central […]

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27493 visa revocation seplat ceo quits coo takes over

BREAKING: Seplat’s CEO steps down after court order

By Ifunanya / March 10, 2023

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a […]

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Crude oil sales rise by 46.41% to N21trn – NBS

By Ifunanya / March 10, 2023

Nigeria’s crude oil sales increased by 46.41 per cent to N21.09 trillion total sales in 2022 against N14.41 trillion in […]

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Nigeria’s total trade for Q4 2022 stood at N11.722bn – NBS

By Ifunanya / March 10, 2023

The National Bureau of Statistics, NBS, has said Nigeria’s total merchandise trade stood at N11,722.44 billion in the fourth quarter […]

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Mining benefits waste away amid drive to diversify economy

By Ifunanya / March 10, 2023

Nigeria’s overreliance on oil has made its economy susceptible to external shocks associated with the hydrocarbon industry.  DEBORAH DAN-AWOH writes […]

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27151 firm wants more women in tech sector

Firm wants more women in tech sector

By Ifunanya / March 10, 2023

The Managing Director, International Breweries Plc, Mr Coutino Carlos, has said it is important for women to increase their capacity […]

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