African Business News

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

9567 cbn sensitises jigawa traders to new naira notes

External reserves fall by $427m in one month – CBN

By Ifunanya / February 21, 2023

Central Bank of Nigeria building The country’s external reserves fell by $427.14m in one month, figures obtained from the Central […]

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20938 SEC

SEC seeks youths participation in capital market

By Ifunanya / February 21, 2023

The Director-General, Securities and Exchange Commission, Mr Lamido Yuguda, has said the capital market is working to develop products that […]

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20854 more nigerians to fall into poverty over rising inflation lcci expert

More Nigerians to fall into poverty over rising inflation – LCCI, Expert

By Ifunanya / February 21, 2023

The Lagos Chamber of Commerce and Industry and an economist have warned that the recent rise in the general price […]

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20740 Insurance

Insurance industry premium to hit N700bn – Report

By Ifunanya / February 21, 2023

Agusto & Co. Limited, a pan-African credit rating agency and business information provider has said Nigeria’s insurance industry’s 2022 gross […]

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20820 CIIN

CIIN, SUNU boost insurance growth

By Ifunanya / February 21, 2023

The Chartered Insurance Institute of Nigeria has commended SUNU Assurance Plc for its constant support of the institute and the […]

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20736 Aeroplane

Domestic airlines record 47,144 delayed flights in 2022

By Ifunanya / February 20, 2023

Overland Airways, Azman Air, Arik Air and United Airlines have been cited among most domestic airlines that recorded the highest […]

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20740 Insurance

IEI plans to revamp capacity in energy insurance

By Ifunanya / February 20, 2023

The Managing Director, International Energy Insurance, Mr Olasupo Sogelola, has said the company will expand its retail and corporate businesses, […]

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Naira crisis worsens as currency-in-circulation tumbles to N1.54tn

By Ifunanya / February 20, 2023

Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn, […]

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20624 STOCK

Stock investors lose N281bn in one week

By Ifunanya / February 20, 2023

Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The […]

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How states, FG may clash over salary review

By Ifunanya / February 20, 2023

While states believe they should be able to set their own salaries, the Federal Government insists on a uniform national […]

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LCCI logo

Rising inflation worsening poverty, LCCI warns FG

By Ifunanya / February 20, 2023

The Lagos Chamber of Commerce and Industry has warned that the sustained rise in the general price level in recent […]

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11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

Naira redesign: Massive job losses loom – Experts

By Ifunanya / February 19, 2023

Economists and financial experts have said massive job losses loom amid the naira currency. The experts were reacting to the […]

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Farmers score FG low on food security

By Ifunanya / February 19, 2023

Farmers in the country under the aegis of the United Integrated Farmers Association of Nigeria have scored the regime of […]

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20420 oil fuel e1477483236346

Upstream oil investments hit $499bn in 2022 – Report

By Ifunanya / February 19, 2023

The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, […]

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20320 IMF1

CBN: IMF calls for review of 2007 Act

By Ifunanya / February 19, 2023

The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the […]

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20324 NNPCL

NNPCL completes depot repairs

By Ifunanya / February 19, 2023

The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area, The has […]

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20238 nigerias high cost of finance disturbing minister

Nigeria’s high cost of finance disturbing – Minister

By Ifunanya / February 19, 2023

Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning says the cost of finance has remained one of the […]

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20208 SON

SON embraces technology to tackle trade problems

By Ifunanya / February 19, 2023

Determined to fight trade barriers, the Standards Organisation of Nigeria has introduced mobile calibration vehicles and measurement equipment in the […]

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20212 ISA PANTAMI

How high cost may weaken mass adoption of 5G

By Ifunanya / February 19, 2023

Following Mafab and MTN’s launch of 5G, SAMI OLATUNJI writes about the affordability issue around 5G deployment and mass adoption […]

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20096 some offa residents

New naira: Banks will ensure workers’ safety – CIBN

By Ifunanya / February 18, 2023

File: Some residents on the premises of one of the affected banks The Chartered Institute of Bankers of Nigeria on […]

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