African Business News

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11623 Investment

Firms collaborate to promote climate-related investments

By Ifunanya / January 22, 2023

 Investec Bank Limited has just announced its partnership with Proparco Development Finance Company to scale up its climate investments. According […]

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Oil production crashes by 83% – Report

By Ifunanya / January 22, 2023

Nigeria’s ability to produce crude oil has crashed by 83 per cent, findings have shown. Data sourced from the Organisation […]

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Price hike: NNPC keeps mum, MOMAN blames logistics

By Ifunanya / January 22, 2023

Group Managing Director of NNPCL, Mele Kyari Several calls to the NNPC to speak on the hike in PMS price, […]

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11311 customs

Customs intercept 5,124kg of cannabis in Lagos

By Ifunanya / January 22, 2023

FILE COPY: Customs personnel The Comptroller General of Customs Strike Force, Team A, Ikeja, has said that it intercepted 5,124 […]

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SIFAX recorded zero injuries in 2022 – Terminal

By Ifunanya / January 22, 2023

SIFAX Inland Container Terminal, a subsidiary of SIFAX Group, recorded 8,736 hours of zero lost time injury during terminal operations […]

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29703 debt crisis nigerias fuel subsidy heavily politicized financial expert laments

Uncertainty heightens as FG denies fuel price hike

By Ifunanya / January 22, 2023

The Federal Government’s denial of any increase in the price of Premium Motor Spirit, popularly called petrol, has heightened the […]

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11114 ZAINAB AHMED

FG plans to cut borrowing

By Ifunanya / January 21, 2023

The Minister of Finance, Budget and National Planning, Zainab Ahmed has said the country is planning to reduce its debt […]

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Businesses lose revenue to misinformation menace — OPSN

By Ifunanya / January 21, 2023

Member associations under the aegis of the Organised Private Sector have decried the financial and reputational damage suffered by business […]

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Redesigned Naira: CBN accuses banks of hoarding N4.5b new notes

By Ifunanya / January 21, 2023

The Central Bank of Nigeria (CBN) has accused some commercial banks in Port Harcourt, Rivers State, of refusing to dispense […]

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Access Bank strengthens cross-border banking

By Ifunanya / January 21, 2023

Access Bank Plc has reassured stakeholders of its commitment to sustain its cross-border banking presence in Africa following the bank’s […]

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10997 The President Muhammadu Buhari

Buhari okays fresh N1.9tn for NNPC road projects

By Ifunanya / January 21, 2023

The President, Major General Muhammadu Buhari (retd.) The President, Major General Muhammadu Buhari (retd.), has given approval to the recommendation […]

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New naira notes: Governors set up committee to work with CBN

By Ifunanya / January 21, 2023

The Nigerian Governor’s Forum (NGF) has set up a six-member committee to engage the Central Bank of Nigeria (CBN) to […]

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Naira redesign: CBN announces cash swap across 774 LGAs

By Ifunanya / January 21, 2023

The Central of Nigeria, CBN, has initiated a cash-swap programme across the 774 local government areas of the country as […]

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Winners to emerge in Wema Bank millionaire promo

By Ifunanya / January 21, 2023

Wema Bank has said it will produce millionaires among its customers at the second edition of the ALAT 5for5 promo. […]

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FG owes China, Japan, Germany, two others $4.85bn

By Ifunanya / January 21, 2023

The Federal Government of Nigeria borrowed about $3.27bn from five countries between June 30, 2015 and September 30, 2022, according […]

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FG generated N14.6bn in 5 years from issuance of mining licenses – Nkom

By Ifunanya / January 21, 2023

The Director General of Nigeria Mining Cadastre, Obadiah Nkom, on Thursday disclosed that the office generated N14.6 billion from 2018 […]

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Oil firms raise investments amid energy transition programme

By Ifunanya / January 20, 2023

The Federal Government plans to achieve net zero by 2060 but the journey to this destination seems bumpy as it […]

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FG licenses 20 local meter manufacturers

By Ifunanya / January 20, 2023

The Federal Government has issued fresh licences to 20 new local meter manufacturers in preparation for the next phase of […]

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28896 breaking naira crisis old n200 n500 n1000 notes remain legal until dec 31 cbn

Banks that will pay N1m over new notes – Emefiele reveals

By Ifunanya / January 20, 2023

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has slammed commercial banks for not issuing the new […]

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1,374km road projects approved by FG to generate N11.54trn for Nigeria – ICRC

By Ifunanya / January 20, 2023

The federal government has said its proposed 1,374-kilometre road projects will generate close to N11.54 trillion for the Nation’s treasury. […]

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