African Business News

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

12042 Godwin Emefiele

New naira deadline: Kano, Ondo, Anambra depositors flood banks with old notes

By Ifunanya / January 25, 2023

CBN shuns National Assembly, insists on January 31 cash-swap deadline EFCC, ICPC won’t arrest huge depositors, Emefiele assures bank customers […]

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How INEC can prevent cyberattacks

By Ifunanya / January 25, 2023

The 2022 Electoral Act, which set the motion for the digitalisation of Nigeria’s electoral process, is aimed at improving the […]

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Group seeks boost for local renewable energy

By Ifunanya / January 25, 2023

Africa Centre for Energy Policy, an African energy policy think tank, has advocated Africa’s inclusion in the production of renewable […]

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CBN increases interest rate to 17.5%

By Ifunanya / January 25, 2023

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate […]

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12257 Abubakar Malami

FG asks London court to cancel $11bn damages

By Ifunanya / January 25, 2023

Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN) Nigeria was the victim of “a campaign […]

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Aviation union strike stirs Lagos airport commotion

By Ifunanya / January 25, 2023

Murtala Muhammed International Airport, Lagos Several international passengers were stranded at the Murtala Muhammed International Airport, Lagos on Monday, as […]

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32391 fg earns n10tn in vat under buharis government

Buhari inaugurates over $1.5b Lekki Deep Sea Port in Lagos

By Ifunanya / January 24, 2023

President Muhammadu Buhari on Monday officially inaugurated the Lekki Deep Sea Port located in Itoke village, Ibeju-Lekki, Lagos, observing the […]

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52633 public notice firs extends vat filing deadline for april 2023

Tax report: FIRS crosses N10 trillion mark in revenue collection

By Ifunanya / January 24, 2023

The Federal Inland Revenue Service, FIRS, on Monday said it collected over N10 trillion in tax revenue in 2022, which […]

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12148 National Emergency Management Agency NEMA

FG predicts fresh flooding, says 662 killed 2022

By Ifunanya / January 24, 2023

The Federal Government, on Monday, declared that Nigeria would definitely witness another round of flood in many states this year, […]

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Air pollution: FG begins testing of generators, vehicles

By Ifunanya / January 24, 2023

Minister of Environment, Mohammed Abdullahi The Federal Government, on Monday, flagged-off the national emissions control programmes for generators and vehicles, […]

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12064 banks lending rate to customers hits 29 13 percent

Banks’ lending rate to customers hits 29.13 percent

By Ifunanya / January 24, 2023

The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per […]

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12066 naira redesign cbn deadline insensitive spells doom for countrys economy experts

Naira redesign: CBN deadline insensitive, spells doom for country’s economy – Experts

By Ifunanya / January 24, 2023

As the 31 January 2023 deadline given by the Central Bank of Nigeria, CBN, to phase out the old naira […]

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12042 Godwin Emefiele

Banks battle new naira shortage ahead deadline

By Ifunanya / January 24, 2023

Eight days to the January 31 deadline set by the Central Bank of Nigeria to stop the old N1,000, N500, […]

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68815 funding reforms top real estate sector demand from government

FG assures workers of housing scheme

By Ifunanya / January 24, 2023

File: Housing units. www.housingfinanceafrica.org The Federal Government has reiterated its commitment to provide affordable houses and reduce the housing deficit […]

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11962 experts divided over interest rate hike ahead of mpc meeting

Experts divided over interest rate hike ahead of MPC meeting

By Ifunanya / January 23, 2023

Ahead of the two-day Monetary Policy Committee meeting of the Central Bank of Nigeria commencing on Monday, financial experts have […]

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Cash swap: CBN bars Abuja, Lagos PoS operators

By Ifunanya / January 23, 2023

The Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched […]

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11945 petrol e1540377561386

Petrol may hit N800/litre on subsidy removal – Marketers

By Ifunanya / January 23, 2023

As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that […]

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11845 buhari to attend international conference on agriculture in senegal tuesday

Buhari to attend International Conference on Agriculture in Senegal, Tuesday

By Ifunanya / January 23, 2023

President Muhammadu Buhari will depart Lagos for Senegal on Tuesday, where he will attend the 2nd edition of the Dakar […]

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11847 google deletes over 1 7 billion ads in nigeria other african countries

Google deletes over 1.7 billion ads in Nigeria, other African countries

By Ifunanya / January 23, 2023

Global tech giant, Google, has disclosed that it deleted over 1.7 billion ads, restricted over 5.7 billion, and suspended over […]

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Onochie seeks stakeholders’ support to achieve NDDC mandate

By Ifunanya / January 23, 2023

The Chairman of Governing Board of the Niger Delta Development Commission, Mrs Lauretta Onochie, has urged stakeholders in the Niger […]

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