African Business News

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

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New naira: No bank will be shut down – CIBN

By Ifunanya / February 14, 2023

The Chartered Institute of Bankers of Nigeria has reiterated the statement of the Central Bank of Nigeria reassuring Nigerians that […]

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FG opposes creation of new agencies

By Ifunanya / February 13, 2023

…Says some agencies competing for roles A proposal for the creation of new agencies to monitor and evaluate projects by […]

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18524 Baba Keji

Alaafin of Oyo: Oldest palace worker, Baba Keji, dies at 120

By Ifunanya / February 13, 2023

13th February 2023 Photo credit: Tribune Morenikeji Lasisi, popularly known as Baba Keji in the palace of Alaafin of Oyo […]

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Nigeria will surpass $4.8bn revenue from non-oil export in 2023 – NEPC

By Ifunanya / February 13, 2023

The Nigerian Export Promotion Council, NEPC, said the agency would surpass $4.8 billion in revenue it generated in 2022. Ekiti […]

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Businesses in FCT defy Supreme Court, reject old naira

By Ifunanya / February 13, 2023

Some businesses in Abuja, the Federal Capital Territory, are rejecting the old naira notes despite a Supreme Court order temporarily […]

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Stakeholders plan talks on tourism growth

By Ifunanya / February 13, 2023

Stakeholders in the tourism industry will be converging on South Africa for this year’s Meetings Africa, to discuss how to […]

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Manufacturers groan as FX crisis worsens

By Ifunanya / February 13, 2023

The Manufacturers Association of Nigeria has said that the Central Bank of Nigeria’s processes of allocating foreign exchange have its […]

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$4.8bn earned from non-oil export in 2022 – NEPC

By Ifunanya / February 13, 2023

The Nigerian Export Promotion Council has expressed its commitment to ensure that in 2023, Nigeria makes more than $4.82bn it […]

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Aircraft management firm gets recognition

By Ifunanya / February 13, 2023

A foremost aircraft management and charter flight company, Leading-Edge Aviation, has emerged as the best operator in the Charter Flight […]

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NMDPRA expands database to cover crude oil inventory

By Ifunanya / February 12, 2023

The Federal Government has announced plans to establish a reliable database to determine the appropriate tariff methodology for the country’s […]

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Naira scarcity: FCT traders lament poor patronage

By Ifunanya / February 12, 2023

Foodstuff traders in major markets across the Federal Capital Territory, Abuja, are lamenting poor patronage from the public due to […]

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Operator projects health insurance expansion

By Ifunanya / February 12, 2023

The Managing Director/Chief Executive Officer, Ultimate Health Management Services, Mr Lekan Ewenla, has said Nigeria will record an increased coverage […]

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Dangote can produce 10,000 trucks yearly – Official

By Ifunanya / February 12, 2023

The Regional Sales Director, Lagos/Ogun, Dangote Cement Plc, Mr Dolapo Alli, has said that the firm’s automobile subsidiary can produce […]

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10 million artisans needed to address housing shortfall – CORBON

By Ifunanya / February 12, 2023

A building under construction in Lagos Photo: wikipedi commons, file The Council of Registered Builders of Nigeria has reiterated the […]

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N’West leads in Buhari’s low income houses allocation

By Ifunanya / February 12, 2023

The President, Major General Muhammadu Buhari (retd.) No fewer than 2,937 homes have been built under the National Housing Programme, […]

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17995 naira redesign policy may affect q1 2023 gdp by 5 percent rewane

Naira redesign policy may affect Q1 2023 GDP By 5 percent – Rewane

By Ifunanya / February 12, 2023

On Friday, an economic expert, Bismarck Rewane, projected a three-to-five-per cent drop in the gross domestic product (GDP) of Q1 […]

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1.3 billion litres of petrol now available – FG

By Ifunanya / February 12, 2023

About 1.3 billion litres of petrol has been imported into the country, The has learnt. This was revealed to Saturday […]

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FG plans governance codes for NGOs, public sector

By Ifunanya / February 12, 2023

Minister of Industry, Trade and Investment, Adeniyi Adebayo The Federal Government has concluded plans to unveil codes of corporate governance […]

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Northern traders hail Matawalle’s order on old naira

By Ifunanya / February 11, 2023

Governor of Zamfara State, Bello Matawalle Animasahun Salman Sokoto The Amalgamated Union of Northern Traders has endorsed a directive by […]

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Cash shortage exposes e-payment channels’ weakness, says ICAN

By Ifunanya / February 11, 2023

As Nigerians grapple with the reality of the new naira note policy, the Institute of Chartered Accountants of Nigeria says […]

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