African Business News

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

24529 naira loses further at official market amid currency scarcity

Currency swap: Naira appreciates slightly against dollar

By Ifunanya / February 11, 2023

The Naira exchanged at N461.50 to the dollar at the Investors and Exporters window on Friday. The number represented an […]

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32450 ncc launches telcare centre at abuja airport

Destruction of telecom facilities affect digital platforms – NCC

By Ifunanya / February 11, 2023

The Nigerian Communications Commission has said the destruction of telecommunications facilities in the country is affecting standard service delivery on […]

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17745 Bamboo System Limited

SEC issues digital broker licence to Bamboo

By Ifunanya / February 11, 2023

The Nigeria Securities and Exchange Commission has issued a broker licence to Bamboo SSEC issues digital broker licence to Bambooystems […]

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17643 DMO

DMO reopens four bonds estimated at N360bn for auction

By Ifunanya / February 11, 2023

The Debt Management Office has listed four bonds valued at N360 billion for auction. Announcing the bond auction on behalf […]

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11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

New naira: Confusion deepens as CBN deadline ends today

By Ifunanya / February 11, 2023

Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria […]

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Currency swap crisis bites in Kwara as banks shut down operations

By Ifunanya / February 10, 2023

The crisis which trailed the currency swap across Nigeria continued unabated in Kwara State despite the Supreme Court ruling restraining […]

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CBN’s silence over February 10 deadline leaves Nigerians confused

By Ifunanya / February 10, 2023

Today marks the end of the Central Bank of Nigeria’s deadline to phase out the circulation of old Naira notes; […]

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17523 Trade Union Congress TUC e1561981856419

TUC threatens to sue FG over fuel, naira scarcity

By Ifunanya / February 10, 2023

The Trade Union Congress on Thursday threatened to take “constitutional and legal ways” against the Federal Government over the lingering […]

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17160 Fuel queue

FG vows sanctions for fuel marketers rejecting PoS, transfers

By Ifunanya / February 10, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The Federal Government, on Thursday, commenced the deployment of […]

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How naira scarcity affects supply of fuel – IPMAN

By Ifunanya / February 10, 2023

The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency […]

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Naira gains 0.07 percent at Investors and Exporters window

By Ifunanya / February 10, 2023

Amid the national currency crisis, the naira on Wednesday exchanged at N461.17 to the dollar at the Investors and Exporters […]

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17421 Fuel retailing

Ways to reduce fuel consumption in your car

By Ifunanya / February 10, 2023

Fuel in Nigeria has become a scarce commodity and the possibility of getting it after a long queue is not […]

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PoS transactions grow by 40%, e-payment hits N39.58tn – NIBSS

By Ifunanya / February 10, 2023

Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions […]

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Nigeria generates $4.8bn from non-oil exports in 2022 – NEPC

By Ifunanya / February 10, 2023

The Nigerian Export Promotion Council, NEPC, said the country generated $4.8b in revenue from non-oil exports in the year 2022. […]

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Allow old, new naira notes to co-circulate for six months – CPPE tells FG, CBN

By Ifunanya / February 10, 2023

Following the Supreme Court judgement restraining the Federal Government and the Central Bank of Nigeria from enforcing the February 10 […]

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17318 oloibiri e1457817274962

FEC approves N117bn for Oloibiri research centre

By Ifunanya / February 10, 2023

The Federal Government, on Wednesday, said marketers who engaged in racketeering activities were responsible for the rising cost and scarcity […]

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17322 MUAZU SAMBO

Uncertainty as cabotage funds widen division among shipowners

By Ifunanya / February 10, 2023

Although, the President, General Muhammadu Buhari (retd) has twice approved the disbursement of Cabotage Vessels Financing Funds to shipowners to […]

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Logistics, electricity stifling agro-fintech companies in Nigeria – Firm

By Ifunanya / February 9, 2023

A Nigerian-based agricultural fintech company, Genesis360, has identified the cost of production, transportation, and electricity as key factors hindering the […]

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17214 Ben Akabueze

No funds to establish, finance new agencies – FG

By Ifunanya / February 9, 2023

Director General, Budget Office of the Federation, Ben Akabueze The Federal Government, on Wednesday, said it had no funds to […]

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11623 Investment

Group gives investment tips on equities, others

By Ifunanya / February 9, 2023

Parthian Group has advised investors to stay liquid, take advantage of specific equities and invest in dollar assets and placements. […]

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