African Business News

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

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World Bank tasks Nigeria on equal access to broadband, digital economy

By Ifunanya / February 1, 2023

The World Bank has tasked Nigeria to increase its broadband penetration to provide internet access to people in rural areas […]

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Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS

By Ifunanya / February 1, 2023

Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion […]

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Transport union gets government approval

By Ifunanya / February 1, 2023

Minister of Labour and Employment, Chris Ngige The Federal Government has approved the registration of the Amalgamated Union of App-Based […]

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Reps dump N22.7tn loan request, okay N1tn borrowing

By Ifunanya / February 1, 2023

FILE PHOTO: Members of the House of Representatives during plenary The House of Representatives, on Tuesday, partly approved of the […]

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New naira notes: Ogun banks mismanaged N4m, hoard cash – CBN

By Ifunanya / February 1, 2023

The Central Bank of Nigeria has revealed how a commercial bank mismanaged about N4 million of the new naira notes […]

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14495 google unveils first startup accelerator for african women entrepreneurs

Google unveils first startup accelerator for African women entrepreneurs

By Ifunanya / February 1, 2023

Global tech giant Google on Tuesday launched a programme that would provide resources and opportunities for women founders in Africa. […]

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N650 petrol: PENGASSAN plans clampdown on marketers

By Ifunanya / February 1, 2023

FILE PHOTO: Long queues at a fuel station The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Monday, […]

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Amid economic crunch, Nigeria flares N9tn gas in 11 years

By Ifunanya / February 1, 2023

Although Nigeria’s gas flare rate has been decreasing over the years, the country still has a long way to go […]

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CISLAC raises the alarm over Nigeria’s debt profile

By Ifunanya / January 31, 2023

FILE: The President, Major General Muhammadu Buhari (retd.) …Legislature responsible for the country’s debt woes Amidst devastating insecurity, high prices […]

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New naira: Racketeering booms in Lagos, Abuja, Anambra

By Ifunanya / January 31, 2023

The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the […]

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New Naira Notes: Saboteurs responsible for shortage – Experts

By Ifunanya / January 31, 2023

Economic experts have reacted to the arrest of members of syndicates intercepted selling the new naira notes amid the suffering […]

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Lagos battles plastic pollution amid $2bn recycling industry

By Ifunanya / January 31, 2023

Industry players have estimated Nigeria’s recycling industry to be worth at least $2bn. Despite this potential economic opportunity, Lagos State […]

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Electioneering raises stake as politicians offer property for sale

By Ifunanya / January 31, 2023

JOSEPHINE OGUNDEJI writes on the uncertainties in the real estate sector occasioned by the forthcoming general elections and the recurring […]

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14127 Mrs. Abiola Bawuah

UBA gets first female Africa CEO

By Ifunanya / January 30, 2023

The United Bank for Africa Plc has appointed Ghanaian national, Mrs. Abiola Bawuah, as its Africa new Chief Executive Officer. […]

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14131 Digital Economy

Firm raises $296m Africa Tech fund

By Ifunanya / January 30, 2023

Convergence Partners, the leading private equity investor dedicated to the technology sector across sub-Saharan Africa, said it has successfully raised […]

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14057 nigeria banks customers lost over n1bn to fraud in q2 2022

Nigeria Banks’ customers lost over N1bn to fraud in Q2 2022

By Ifunanya / January 30, 2023

A report by the Financial Institutions Training Centre, FITC, has disclosed that Bank customers in Nigeria lost over one billion […]

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14023 GUINNESS Nigeria Plc

Guinness records nine per cent revenue growth in Q1

By Ifunanya / January 30, 2023

Guinness Nigeria Plc’s revenue for the first half of the 2022 financial year grew by nine per cent, the company […]

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Domestic bond demand to rise over Eurobond cut

By Ifunanya / January 30, 2023

Minister of Finance, Budget and National Planning, Zainab Ahmed Operators in the Nigerian capital market have said the Federal Government’s […]

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13941 zamfara pos operators charge 10 of new naira withdrawal

Zamfara POS operators charge 10% of new naira withdrawal

By Ifunanya / January 30, 2023

Operators of Point of Sales (POS) system in Zamfara State have resorted to the collection of 10 per cent of […]

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13274 nigeria launches new payment card afrigo to boost economy

Exchange rate now stable, naira swap deadline Feb 10 – Emefiele

By Ifunanya / January 30, 2023

The Central Bank of Nigeria (CBN) has finally bowed to pressure after it extended the deadline for the exchange of […]

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