African Business News

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

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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11827 NGX Group Building

Six listed firms violated rules in 2022 – Report

By Ifunanya / January 23, 2023

Six listed companies on the local bourse violated the listing rules of the Nigerian Exchange Limited on unauthorised publication and […]

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11720 tax Somya

Companies pay N11.5tn tax under Buhari – Report

By Ifunanya / January 23, 2023

The Federal Government has raked in N11.5tn from taxes paid by business organisations under the administration of Major Gen. Muhammadu […]

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11724 EMEFIELE

Interest rate hike likely as MPC meets today

By Ifunanya / January 23, 2023

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

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11619 FASHOLA

Skyrocketing rents drive tenants to city outskirts

By Ifunanya / January 22, 2023

Many Nigerians are faced with a consistent increase in annual house rents; some of them have resorted to living in […]

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