African Business News

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

16324 Independent Petroleum Marketers Association of Nigeria IPMAN 1280x720 1

IPMAN appeals for time to adhere with pump price

By Ifunanya / February 6, 2023

IPMAN logo and a fuel pump The Independent Petroleum Marketers Association of Nigeria has appealed to the Federal Government for […]

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Naira redesign: NACCIMA reveals what CBN could’ve done differently

By Ifunanya / February 6, 2023

The Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Mr Sola Obadimu, said the Central Bank […]

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29703 debt crisis nigerias fuel subsidy heavily politicized financial expert laments

Pump price: Oil marketers refute threat to stop selling fuel

By Ifunanya / February 6, 2023

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has denied planning to cease operations once the government enforces N195 per […]

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Mineral titles fall 37% as insecurity threatens sector

By Ifunanya / February 6, 2023

Minister of Mines and Steel Development, Olamilekan Adegbite The total number of mineral titles issued to mining companies has dropped […]

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Banking index raises stock market by N1.08tn

By Ifunanya / February 6, 2023

Despite investors’ sentiment trading and uncertainty surrounding the 2023 general elections, the anticipation for dividend payout and sectoral performance of […]

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How to avoid bad loans

By Ifunanya / February 6, 2023

Debt is the amount of money that a person or entity owes, according to a definition by Merriam-Webster. Debt burdens […]

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Reps mull emergency session over new naira crisis

By Ifunanya / February 6, 2023

FILE PHOTO: Members of the House of Representatives during plenary The Speaker of the House of Representatives, Femi Gbajabiamila, has […]

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FG targets N250bn revenue from excise duty in 2023

By Ifunanya / February 5, 2023

Amid a revenue crunch, the Federal Government has targeted raising N250.09bn from excise duty in 2023 as a viable solution. […]

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FG projects N250bn from excise duty

By Ifunanya / February 5, 2023

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed The Federal Government plans to raise N250.09bn from excise duty […]

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Nigerdock plans shift to renewable energy

By Ifunanya / February 5, 2023

The Chief Executive Officer, Nigerdock, Maher Jarmakani, says the company has concluded plans to focus more on renewable energy. Jarmakani, […]

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How ‘Yahoo Boys’ influence skyrocketing rent in cities

By Ifunanya / February 5, 2023

Forty-six-years-old trader, Mrs Janet Akinyele, was frustrated when she approached a house agent to inquire about a room, but was […]

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Fuel scarcity won’t end until refineries work – Marketers

By Ifunanya / February 5, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The incessant reoccurrence of the scarcity of Premium Motor […]

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No going back on road, haulage taxes – Ogun

By Ifunanya / February 5, 2023

The Executive Chairman, Ogun State Internal Revenue Service, Mr Olugbenga Olaleye, has reiterated the determination of the state government to […]

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FG faults Moody’s downgrade of Nigerian banks

By Ifunanya / February 5, 2023

The Federal Government on Thursday said it received with shock the report of an international rating agency, Moody’s Investors Service, […]

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African Alliance pays N25.7bn claims in three years

By Ifunanya / February 4, 2023

Life insurance company, African Alliance, said it paid N25.7bn claims to its policyholders in three years. The company which recently […]

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FG projects 9,000MW from renewable energy

By Ifunanya / February 4, 2023

Minister of State for Power, Goddy Jeddy-Agba The Federal Government, on Thursday, said it was currently implementing measures to ensure […]

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13274 nigeria launches new payment card afrigo to boost economy

Naira Redesign: We’re on our knees – Emefiele rules out extension of 10-day, begs Nigerians

By Ifunanya / February 4, 2023

The Central Bank of Nigeria, CBN Governor, Godwin Emefiele has ruled out the possibility of extending the 10-day grace for […]

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Twitter announces plans to share Ad revenue in reply threads

By Ifunanya / February 4, 2023

Twitter owner Elon Musk has announced the Blue App will share revenues from advertisements that appear in reply threads between […]

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New naira: CBN insists on deadline, arrests hawkers

By Ifunanya / February 4, 2023

CBN Governor, Godwin Emefiele The Governor, Central Bank of Nigeria, Godwin Emefiele, has said law enforcement agencies have made arrests […]

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Why SMEs lack access to funds —Firm

By Ifunanya / February 4, 2023

The Chief Executive Officer, VerifyMe Nigeria, Esigie Aguele, has said the lack of trust infrastructure is hindering the growth of […]

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