African Business News

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

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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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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