African Business News

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

Manufacturers groan as FX crisis worsens

By Ifunanya / February 13, 2023

The Manufacturers Association of Nigeria has said that the Central Bank of Nigeria’s processes of allocating foreign exchange have its […]

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$4.8bn earned from non-oil export in 2022 – NEPC

By Ifunanya / February 13, 2023

The Nigerian Export Promotion Council has expressed its commitment to ensure that in 2023, Nigeria makes more than $4.82bn it […]

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Aircraft management firm gets recognition

By Ifunanya / February 13, 2023

A foremost aircraft management and charter flight company, Leading-Edge Aviation, has emerged as the best operator in the Charter Flight […]

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NMDPRA expands database to cover crude oil inventory

By Ifunanya / February 12, 2023

The Federal Government has announced plans to establish a reliable database to determine the appropriate tariff methodology for the country’s […]

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18208 naira scarcity fct traders lament poor patronage

Naira scarcity: FCT traders lament poor patronage

By Ifunanya / February 12, 2023

Foodstuff traders in major markets across the Federal Capital Territory, Abuja, are lamenting poor patronage from the public due to […]

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Operator projects health insurance expansion

By Ifunanya / February 12, 2023

The Managing Director/Chief Executive Officer, Ultimate Health Management Services, Mr Lekan Ewenla, has said Nigeria will record an increased coverage […]

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18176 Dangote

Dangote can produce 10,000 trucks yearly – Official

By Ifunanya / February 12, 2023

The Regional Sales Director, Lagos/Ogun, Dangote Cement Plc, Mr Dolapo Alli, has said that the firm’s automobile subsidiary can produce […]

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10 million artisans needed to address housing shortfall – CORBON

By Ifunanya / February 12, 2023

A building under construction in Lagos Photo: wikipedi commons, file The Council of Registered Builders of Nigeria has reiterated the […]

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36690 oil exploration in benue trough key to prosperity energy security buhari

N’West leads in Buhari’s low income houses allocation

By Ifunanya / February 12, 2023

The President, Major General Muhammadu Buhari (retd.) No fewer than 2,937 homes have been built under the National Housing Programme, […]

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17995 naira redesign policy may affect q1 2023 gdp by 5 percent rewane

Naira redesign policy may affect Q1 2023 GDP By 5 percent – Rewane

By Ifunanya / February 12, 2023

On Friday, an economic expert, Bismarck Rewane, projected a three-to-five-per cent drop in the gross domestic product (GDP) of Q1 […]

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1.3 billion litres of petrol now available – FG

By Ifunanya / February 12, 2023

About 1.3 billion litres of petrol has been imported into the country, The has learnt. This was revealed to Saturday […]

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17957 Otunba Niyi Adebayo

FG plans governance codes for NGOs, public sector

By Ifunanya / February 12, 2023

Minister of Industry, Trade and Investment, Adeniyi Adebayo The Federal Government has concluded plans to unveil codes of corporate governance […]

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Northern traders hail Matawalle’s order on old naira

By Ifunanya / February 11, 2023

Governor of Zamfara State, Bello Matawalle Animasahun Salman Sokoto The Amalgamated Union of Northern Traders has endorsed a directive by […]

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Cash shortage exposes e-payment channels’ weakness, says ICAN

By Ifunanya / February 11, 2023

As Nigerians grapple with the reality of the new naira note policy, the Institute of Chartered Accountants of Nigeria says […]

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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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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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