African Business News

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

15044 Lagos State map

Lagos begins aerial mapping

By Ifunanya / February 18, 2023

The Lagos State government has deployed a Cessna 406 aircraft for the aerial mapping of the state. According to the […]

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N400bn monthly fuel subsidy extremely challenging, laments NNPCL

By Ifunanya / February 18, 2023

Group Managing Director of NNPCL, Mele Kyari The over N400bn spent monthly to subsidise Premium Motor Spirit, popularly called petrol, […]

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Naira scarcity disrupting flow of goods, manufacturers lament

By Ifunanya / February 18, 2023

The Manufacturers Association of Nigeria has said that the current scarcity of naira notes has negatively impacted business activities by […]

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21613 cbn announces tenure limit for bank md dmds eds

Naira redesign: El-Rufai accuses CBN Governor, Emefiele of economic sabotage

By Ifunanya / February 18, 2023

Governor of Kaduna State, Nasir El-Rufai has accused the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele of […]

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Ex-finance minister blames CBN for new naira crisis

By Ifunanya / February 18, 2023

A former Minister of Finance, Dr Idika Kalu, has faulted the logistics of the Central Bank of Nigeria for the […]

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18566 Minister of Water resources Suleiman Adamu

178 LGs risk high flooding — FG

By Ifunanya / February 18, 2023

Minister of Water Resources, Suleiman Adamu The Federal Government, on Friday, announced that a total of 178 local government areas […]

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19799 mass job losses loom in q1 2023 amid naira crisis manufacturers economist

Mass job losses loom in Q1 2023 amid naira crisis – Manufacturers, Economist

By Ifunanya / February 17, 2023

A recent report by the Manufacturers Association of Nigeria, MAN has predicted imminent mass job losses in the first quarter […]

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19801 cash swap buhari wrong cannot overrule supreme court ozekhome

Cash swap: Buhari wrong, cannot overrule Supreme Court – Ozekhome

By Ifunanya / February 17, 2023

A Senior Advocate of Nigeria, Mike Ozekhome, has said it is wrong for President Muhammadu Buhari to disobey the Supreme […]

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18176 Dangote

Dangote canvasses increased engagement to boost trade

By Ifunanya / February 17, 2023

Dangote Industries Limited, one of the sponsors of the 44th Kaduna International Trade Fair, has called for increased engagement that […]

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‘Data mining key to marketing intelligence’

By Ifunanya / February 17, 2023

The organisers of the Industry Summit/Awards have said that this year’s edition of the event would focus on the effective […]

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19046 complete gentleman hell be greatly missed buhari reacts to senator abba alis death

Naira redesign: Buhari’s solution to currency crisis insufficient – Expert warns

By Ifunanya / February 17, 2023

An economist, Idakolo Gbolade, has insisted that President Muhammadu Buhari’s decision to allow only old N200 notes as legal tender […]

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Naira crunch: Nigerians urge banks to dispense N100, N50 notes

By Ifunanya / February 17, 2023

As the effects of the current cash crunch bite harder, Nigerians have called on the Central Bank of Nigeria (CBN) […]

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Solve trade barriers, World Bank tells Nigeria, others

By Ifunanya / February 17, 2023

In order to reap the benefits of the African Continental Free Trade Area, non-tariff barriers and hurdles affecting cross-border goods […]

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19663 union bank firm back farmers

Union Bank, firm back farmers

By Ifunanya / February 17, 2023

Tropical General Investments Group says it has entered into a collaborative arrangement with the Union Bank of Nigeria Plc through […]

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11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

Naira crisis: Banks lose N5bn to protesters

By Ifunanya / February 16, 2023

The Association of Senior Staff of Banks, Insurance and Financial Institutions, an umbrella body of banking sector workers, disclosed that […]

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11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

Naira crisis reason for Nigeria’s soaring inflation – Expert

By Ifunanya / February 16, 2023

An economic expert, Idakolo Gbolade has said the strain caused by the naira redesign crisis resulted in Nigeria’s inflation soaring […]

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14813 Fuel scarcity

Private sector blames fuel scarcity as inflation hits 21.8%

By Ifunanya / February 16, 2023

Inflation soared to 21.82 per cent in January 2023 as the country struggled to grapple with persistent fuel and naira […]

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19541 Nigeria Federal Executive Council Meeting

FEC okays cargo e-tracking to curb revenue leakage

By Ifunanya / February 16, 2023

Nigeria Federal Executive Council Meeting The Federal Executive Council, on Wednesday, approved the installation of Electronic Cargo Tracking Notes for […]

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19425 Obaseki Edo pos operators scaled

New naira: Obaseki, CBN, PoS operators strategise on cash disbursement

By Ifunanya / February 16, 2023

Photo credit: Edo state Media The Edo State Governor, Mr Godwin Obaseki, on Thursday, met with officials of the Central […]

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11383 500 and 1000 naira notes

Banks lose N5bn to destruction on facilities over naira scarcity

By Ifunanya / February 16, 2023

The Association of Senior Staff of Banks, Insurance and Financial Institutions has revealed that banks have lost the sum of […]

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