African Business News

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

FG identifies new fields for 681,000bpd oil production

By Ifunanya / February 26, 2023

The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and […]

Continue Reading

Exporters eye $158bn market as FG lifts charcoal ban

By Ifunanya / February 25, 2023

To boost the country’s foreign exchange earnings, the Federal Government has announced the conditional lifting of the charcoal and processed […]

Continue Reading

CBN announces tenure limit for bank MD, DMDs, EDs

By Ifunanya / February 25, 2023

The Central Bank of Nigeria (CBN) has announced a tenure limit for Executive Management and Non-Executive Directors of banks and […]

Continue Reading

FG to regulate electrical equipment importers

By Ifunanya / February 25, 2023

The Federal Government has commenced the registration of importers of electrical electronic equipment across the country in a bid to […]

Continue Reading

Vandals jailed for stealing EKEDC property

By Ifunanya / February 25, 2023

A magistrate court has sentenced two culprits to different jail terms for vandalising property belonging to Eko Electricity Distribution Company. […]

Continue Reading

CBN appoints Acting Director Corporate Communications as Nwanisiobi retires

By Ifunanya / February 24, 2023

The Central Bank of Nigeria (CBN) on Friday appointed Isa Abdulmumin as the Acting Director of the Corporate Communications Department […]

Continue Reading

Price of 5kg cooking gas jumps to N4,588.75 in January – NBS

By Ifunanya / February 24, 2023

The National Bureau of Statistics, NBS, sats the average price of 5kg of cooking gas jumped from N4,565.56 recorded in […]

Continue Reading

Minister tasks finance institutions on disbursement of Cabotage fund

By Ifunanya / February 24, 2023

Minister of Transportation, Jaji Sambo The Minister of Transportation, Mu’azu Sambo has urged Primary Lending Institutions and other stakeholders to […]

Continue Reading

Cooking gas price rose by 39% in 12 months – NBS

By Ifunanya / February 24, 2023

File Photo: Cooking Gas Depot The National Bureau of Statistics has revealed that the price of 12.5kg of cooking gas […]

Continue Reading

Insecurity may worsen poverty, unemployment, says report

By Ifunanya / February 24, 2023

Insecurity challenges in the country which continued after 2022 may worsen poverty and high unemployment rate in 2023, according to […]

Continue Reading
21379 cash crisis cbn launches ussd for enaira on bullnet

Cash crisis: CBN launches USSD for eNaira on Bullnet

By Ifunanya / February 24, 2023

The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on […]

Continue Reading

Nigeria’s GDP growth fell to 3.10% in 2022 –NBS

By Ifunanya / February 23, 2023

Nigeria’s Gross Domestic Product, GDP, growth fell to 3.10 per cent in 2022 from 3.40 per cent in 2021, according […]

Continue Reading

Cashless Policy: Nigerians groan over failed online banking transactions

By Ifunanya / February 23, 2023

Nigerians have continued to lament failed online banking transactions owing to the Central Bank of Nigeria’s cashless policy implementation. Financial […]

Continue Reading

Air Peace suspends flight operations for polls

By Ifunanya / February 23, 2023

File: An Airpeace aircraft Air Peace on Thursday announced that flight operations will be suspended on February 25 as a […]

Continue Reading

Oil theft: Panel seeks review of Niger Delta security plan

By Ifunanya / February 23, 2023

The Chairman, Federal Government’s special investigative panel on oil theft/losses, Major General Barry Ndiomu, has called for the review of […]

Continue Reading
16881 naira swap nigerians react as supreme court suspends cbns feb 10 deadline

Banks, business owners, count huge revenue losses amid naira crisis

By Ifunanya / February 22, 2023

For weeks, there has been chaos in Nigeria’s micro and macroeconomic sectors as commercial banks, business owners and Nigerians continued […]

Continue Reading
15633 Buhari new naira notes

Small businesses battle for survival as naira crisis paralyses operations

By Ifunanya / February 22, 2023

Micro, Small and Medium Enterprises are contending with a barrage of constraints now worsened by the cash crunch nationwide, as […]

Continue Reading
17643 DMO

DMO records N45bn subscription in five years

By Ifunanya / February 22, 2023

The Debt Management Office says the Federal Government Savings Bond has received a total subscription of N45.135 billion between 2017 […]

Continue Reading
21082 nnpcl vows to stop oil theft as production rises above 1 6m barrels per day

NNPCL vows to stop oil theft as production rises above 1.6m barrels per day

By Ifunanya / February 21, 2023

The Nigerian National Petroleum Corporation Limited, NNPCL has reiterated its commitment to end oil theft as production increased above 1.6 […]

Continue Reading
24529 naira loses further at official market amid currency scarcity

Currency swap: Naira loses marginally against dollar

By Ifunanya / February 21, 2023

The Naira on Monday exchanged at N461.50 to the dollar at the Investors and Exporters window. The figure represented a […]

Continue Reading
Scroll to Top