African Business News

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

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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13903 mohammed haruna

How NASENI developed 150 products – CEO

By Ifunanya / January 30, 2023

Executive Vice Chairman, NASENI, Prof. Mohammed Haruna The Executive Vice Chairman and Chief Executive of the National Agency for Science […]

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ECA projects expansion in intra-African trade

By Ifunanya / January 30, 2023

Economic Commission for Africa has said intra-African trade in agri-food, industry, and services sectors will increase by nearly 35 per […]

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21613 cbn announces tenure limit for bank md dmds eds

N2.7trn was kept permanently in people’s homes before we ordered redesign of new naira notes – Emefiele

By Ifunanya / January 29, 2023

Governor of the Central Bank of Nigeria, Godwin Emefiele on Sunday, revealed that part of the reasons the Federal Government […]

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11413 locals reject old naira as scarcity of new notes hits kaduna

Naira swap: 10-day extension insufficient – CPPE tells CBN

By Ifunanya / January 29, 2023

The Centre for the Promotion of Private Enterprises, CPPE, has reacted to the Central Bank of Nigeria’s 10-day extension for […]

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‘Airtel, Mafab, MTN spend $820m on 5G spectrums’

By Ifunanya / January 29, 2023

Airtel, Mafab and MTN Nigeria have spent about $820.8m to acquire the fifth-generation spectrums. The Minister of Communications and Digital […]

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FG metering scheme falls by 58%

By Ifunanya / January 29, 2023

The distribution of free meters under the National Mass Metering Programme of the Federal Government, dropped by 58 per cent […]

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13683 Hacker

Bank customers lose N2.72bn to fraudsters – Report

By Ifunanya / January 29, 2023

A report by FITC has revealed that bank customers in Nigeria lost a total of N2.72bn to fraud in the […]

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IMF links global inflation to rising shipping costs

By Ifunanya / January 29, 2023

The International Monetary Fund has attributed the current global inflationary pressure to the dramatic increase in shipping costs. In a […]

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13565 provide enabling business environment lcci urges govt

Provide enabling business environment, LCCI urges govt

By Ifunanya / January 29, 2023

The Lagos Chamber of Commerce and Industry has advised the Federal Government to ensure consistency in policymaking in order to […]

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Firm gets recognition for improved standards

By Ifunanya / January 29, 2023

Tropical General Investments Group, an international investment, and holding company, says it is committed to maintaining standards across its global […]

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Tincan Island Port generated N574bn in 2022 – Customs

By Ifunanya / January 28, 2023

The Nigeria Customs Service, NCS, Tincan Island Port Command, generated revenue of N574.3 billion in 2022. Comptroller Olakunle Oloyede, the […]

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13503 fg to establish free trade zone in ekiti nepza

FG to establish Free Trade Zone in Ekiti – NEPZA

By Ifunanya / January 28, 2023

The Federal Government on Thursday confirmed its plan to make Ekiti a major Free Trade Zone, FTZ, in Nigeria. Prof. […]

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