African Business News

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

Africa needs $614bn to tackle food insecurity – IFAD

By Ifunanya / March 4, 2023

The International Fund for Agricultural Development has stated that Africa needs a cumulative sum of $614bn by 2030 to address […]

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Currency swap: Naira loses further to dollar

By Ifunanya / March 3, 2023

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further […]

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27369 gombe pdp wants apc campaign coordinator arrested for threatening parents

APC demands immediate resignation of Malami, Emefiele after Supreme Court verdict

By Ifunanya / March 3, 2023

… hails El-Rufai, others for fighting The National Vice Chairman (North-West) of the All Progressives Congress, Mallam Salihu Lukman, on […]

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24202 zenith bank gets approval to operate as holdingco

Zenith Bank gets approval to operate as HoldingCo

By Ifunanya / March 3, 2023

The Central Bank of Nigeria has given approval in principle to Zenith Bank to operate as a financial holding company. […]

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External reserves fell by $317m in February – CBN

By Ifunanya / March 3, 2023

Figures obtained from the Central Bank of Nigeria, CBN, shows the nation’s external reserves dropped by $317 million in February. […]

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1.9m Nigerians receive 116.4bn yearly through NSIP implementation

By Ifunanya / March 3, 2023

The federal government has disclosed that 1.9 million vulnerable, poor Nigerians received stipends of N5,000 each, totalling 111.6 billion yearly […]

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Fintech booms as naira crisis stretches banks’ digital platforms

By Ifunanya / March 3, 2023

The naira crisis and the failure of banks to rise to the occasion have prompted customers to embrace mobile money […]

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Oyo to link zones for economic development

By Ifunanya / March 3, 2023

Governor of Oyo state, Seyi Makinde, has restated his administration’s commitment towards linking all the zones of the state in […]

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Over 75 per cent of CBN Anchor Borrowers’ loans unpaid – IMF

By Ifunanya / March 2, 2023

The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers’ Programme […]

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Banks’ assets rise to N73tn – CBN

By Ifunanya / March 2, 2023

Central Bank of Nigeria building Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn […]

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Honda launches Unicorn motorcycle

By Ifunanya / March 2, 2023

Honda Manufacturing (Nigeria) Limited says the company recently launched a new motorcycle, Honda CB Unicorn, into the Nigerian market to […]

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How rising oil production may boost FG revenue target

By Ifunanya / March 1, 2023

Nigeria’s rig count has been growing since the last quarter of last year and crude oil production has also been […]

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ILO seeks global effort to tackle poverty

By Ifunanya / March 1, 2023

The Director-General, International Labour Organisation, Gilbert Houngbo, has called for a global momentum to strengthen sustainability in order to reduce […]

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Google announces $4m funds for startups in Africa, Europe

By Ifunanya / February 28, 2023

Google has announced applications for the third cohort of its Black Founders Fund for startups in Africa and Euroupe. This […]

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Nigeria’s currency in circulation drops to 1.38trn in January

By Ifunanya / February 28, 2023

The country’s currency-in-circulation dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of […]

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NGX closes positive as investors gain N207bn

By Ifunanya / February 28, 2023

The first day of trading in the week closed positively for investors on the Nigerian stock exchange as they gained […]

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Nokia changes logo

By Ifunanya / February 28, 2023

Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with […]

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22540 us extends tourist visa validity to five years for nigerians

US extends tourist visa validity to five years for Nigerians

By Ifunanya / February 27, 2023

The United States of America has announced that starting March 1, 2023, it will increase visitor visa validity from 24 […]

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Nigerians lament economic woes over Naira crisis amid election

By Ifunanya / February 27, 2023

As the focus shifted to Saturday’s Presidential and National Assembly elections results, Nigerians have continued to lament the untold hardship […]

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UNECA projects $1.977b African economy by 2030

By Ifunanya / February 27, 2023

An economic advisory group, the United Nations Economic Commission for Africa, UNECA, has projected Africa’s economy to reach 1,977.6 billion […]

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