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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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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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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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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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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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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16112 Debt

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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16044 fg targets n250bn revenue from excise duty in 2023

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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