African Business News

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

15465 NIMASA

NIMASA woos private sector to grow blue economy

By Ifunanya / February 4, 2023

The Director-General of Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh, has called for deeper private sector participation in […]

Continue Reading
15469 flood victims

NEMA, NSCDC partner to tackle election, flood emergencies

By Ifunanya / February 4, 2023

The National Emergency Management Agency and the Nigeria Security and Civil Defence Corps have signed a Memorandum of Understanding to […]

Continue Reading

Nigeria’s external reserves fell by $63.62m in January

By Ifunanya / February 3, 2023

External reserves fell by $63.62 million in January, latest figures from the Central Bank of Nigeria, CBN, have revealed. The […]

Continue Reading
12733 fec okays national duct policy to mitigate damage of infrastructures

Average price of 1GB data reduced to N350 from N1,200 in 4 years – Minister

By Ifunanya / February 3, 2023

The Minister of Communications and Digital Economy, Prof Isa Pantami, has said that the average price of one-gigabyte data was […]

Continue Reading

Missing crude probe: IGP refers Reps to Malami

By Ifunanya / February 3, 2023

The House of Representatives Ad Hoc Committee to Investigate Alleged Loss of Over $2.4bn in Revenue from Illegal Sale of […]

Continue Reading
NNPC Limited new logo e1658490695904

NNPCL, Daewoo sign N342bn Kaduna refinery rehabilitation deal

By Ifunanya / February 3, 2023

The Nigerian National Petroleum Company Limited and Daewoo Engineering and Construction Nigeria Limited, on Thursday, signed a contract of $740.67m […]

Continue Reading
15246 Google Apple

Google, Apple disappoint in gloomy tech earnings

By Ifunanya / February 3, 2023

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned […]

Continue Reading

Smuggling: Govt shuts 270 filling stations, deploys DSS

By Ifunanya / February 3, 2023

The Federal Government is now deploying operatives of the Department of State Services on tankers transporting Premium Motor Spirit,  popularly […]

Continue Reading
15184 moodys downgrade of 9 nigerian banks surprising development finance minister

Moody’s downgrade of 9 Nigerian banks surprising development — Finance Minister

By Ifunanya / February 3, 2023

Amidst the money crisis rocking the financial system, the Minister of Finance, Budget and National Planning, Zainab Ahmed has expressed […]

Continue Reading
15144 MONEY

Moody’s downgrades nine Nigerian banks

By Ifunanya / February 3, 2023

An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks, following its downward review of Nigeria’s rating last […]

Continue Reading

Agents protest hike in shipping fee

By Ifunanya / February 3, 2023

Maersk / AFP PHOTO / Robert FRANCOIS Clearing agents have protested against Grimaldi Shipping Company’s plans to charge N25,000 for […]

Continue Reading
15040 WhatsApp Image 2022 11 23 at 11.20.34 AM 1

Fuel, new naira scarcity protests rock Delta, Ekiti

By Ifunanya / February 2, 2023

Angry youths, students, motorists and traders on Wednesday took to the streets in Delta and Ekiti states to protest the […]

Continue Reading
15044 Lagos State map

Heifer launches solar-powered storage for Lagos farmers

By Ifunanya / February 2, 2023

Heifer International’s sponsored agritech storage solution, ColdHubs, has launched its solar-powered facility for smallholder farmers and sellers of perishable farm […]

Continue Reading

JUST IN: CBN directs banks to begin paying new naira notes

By Media Talk Africa / February 2, 2023

The statement read, “We have equally noticed the queues at Automated Teller Machines across the country and an upward trend […]

Continue Reading
14955 phasing out old naira notes has no economic value lcci

Phasing out old naira notes has no economic value – LCCI

By Ifunanya / February 2, 2023

The Lagos State Chamber for Commerce and Industry, LCCI, has expressed disappointment over phasing out old naira notes. LCCI disclosed […]

Continue Reading

Firm raises $40m funding for expansion

By Ifunanya / February 2, 2023

An Edutech firm, Classera, said it has raised $40m in a Series A funding round to advance its Learning Super […]

Continue Reading
14925 forex

Forex shortage may persist over polls, says Coronation

By Ifunanya / February 2, 2023

Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher. The Chief Economist of […]

Continue Reading
11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

Banking halls empty as naira scarcity worsens

By Ifunanya / February 2, 2023

Banking halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as […]

Continue Reading
14813 Fuel scarcity

Abuja fuel queues disappear, NNPC pumps 67 million litres

By Ifunanya / February 2, 2023

FILE: Queues of vehicles at a filling station on the Lagos-Ibadan Expressway. Photo: Stanley Ogidi The queues for Premium Motor […]

Continue Reading

Nigeria’s rising debt stock will affect infrastructural projects, economy – Expert

By Ifunanya / February 1, 2023

A financial expert has estimated that infrastructural projects in the country would suffer as Nigeria’s debt stock surged in the […]

Continue Reading
Scroll to Top