African Business News

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

17120 port

Lekki port will attract investments –LFZ

By Ifunanya / February 9, 2023

The Chief Executive Officer of the Lagos Free Zone, Dinesh Rathi, has said that the newly commissioned Lekki deep seaport […]

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17052 nigeria stock market suffers n37bn decline

Nigeria Stock Market suffers N37bn decline

By Ifunanya / February 9, 2023

The stock market suffered a N37 billion decline on Tuesday after experiencing a six-day successive bullish run on the floor […]

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Sterling Bank faults ICPC, denies hoarding N258m

By Ifunanya / February 9, 2023

Sterling Bank has disproved claims made by the Independent Corrupt Practices Commission over the newly designed naira notes at its […]

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16216 NGX

Stock market rebound as investors gain N69bn

By Ifunanya / February 9, 2023

The Nigerian stock market rebounded after previous day’s pullback as investors’ profit rose by N69bn. The All Share Index grew […]

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16939 banks diverted n4 3 billion new naira notes in yobe microfinance executive alleges

Banks diverted N4.3 billion new naira notes in Yobe – Microfinance executive alleges

By Ifunanya / February 8, 2023

The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billion […]

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23539 over 75 per cent of cbn anchor borrowers loans unpaid imf

IMF urges CBN to extend February 10 deadline on naira swap

By Ifunanya / February 8, 2023

The International Monetary Fund has urged the Central Bank of Nigeria to extend the February 10 deadline on new, old […]

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Banks ordered to freeze Pakistani terror financier’s accounts

By Ifunanya / February 8, 2023

Central Bank of Nigeria building The Central Bank of Nigeria has directed banks to freeze accounts related to a Pakistani, […]

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16909 One of the banks attacked by customers

Banks shut branches over customer attacks

By Ifunanya / February 8, 2023

As the naira scarcity persists, some banks are shutting their branches over rising customer attacks, according to findings by The […]

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16789 Sterling Bank

Sterling Bank waives transaction fees over naira scarcity

By Ifunanya / February 8, 2023

Sterling Bank says it has waived all personal account transaction fees as part of its gesture of solidarity for its […]

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11535 Kwara State Governor.fw

Kwara pledges support for aviation training college

By Ifunanya / February 8, 2023

Kwara State Governor, AbdulRahman-AbdulRazaq The Kwara State Governor, Mr Abdulrahman Abdulrazaq, has reiterated commitment to the growth of aviation industry […]

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15184 moodys downgrade of 9 nigerian banks surprising development finance minister

N612.6bn Sukuk loan spent on roads, bridges – FG

By Ifunanya / February 7, 2023

The Federal Government said it had spent N612.6 billion in loans raised through Sovereign Sukuk between 2017 and 2021 for […]

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14363 pos operators increase charges as scarcity of new notes persists in kaduna

Naira scarcity: Over 50% of PoS operators shut down

By Ifunanya / February 7, 2023

Over 50 per cent of Point of Sale operators have shut down their businesses as scarcity of the new naira […]

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Oil revenue fell by N500bn in January – Report

By Ifunanya / February 7, 2023

Nigeria lost a total of N500bn in revenue in January as a result of low crude oil production in January, […]

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CBN may fine banks hoarding new notes

By Ifunanya / February 7, 2023

Central Bank of Nigeria building The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m […]

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Fears as Binance stops USD deposits, withdrawals

By Ifunanya / February 7, 2023

Crypto exchange, Binance has announced that it will temporarily suspend USD deposits and withdrawals on February 8th because of an […]

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50% PoS operators close shops over naira scarcity

By Ifunanya / February 7, 2023

Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira […]

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16469 coalition warns buhari over new naira policy

Coalition warns Buhari over new naira policy

By Ifunanya / February 7, 2023

A coalition of political parties on Monday threatened to boycott the forthcoming election if President Muhammadu Buhari bowed to pressure […]

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16435 ARAB

Multiple taxations responsible for rising rice price – Operator

By Ifunanya / February 7, 2023

A leading rice farmer and processor in Gombe State and Northeast region, Musa Arab, in this interview with CHIMA AZUBUIKE, […]

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40% of industrial computers record malware attack — Kaspersky

By Ifunanya / February 7, 2023

Kaspersky in its latest report has revealed that 40 per cent of global industrial control system computers were attacked with […]

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11869 World bank

New naira, fuel scarcity may influence election uncertainty –World Bank

By Ifunanya / February 6, 2023

The World Bank Country Office in Nigeria has disclosed that the incessant fuel scarcity and the inability of Nigerians to […]

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