African Business News

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

Reps seek Bida-Zungeru road repair over $1.3bn power project

By Ifunanya / January 17, 2023

FILE PHOTO: Members of the House of Representatives during plenary The House of Representatives has urged the Federal Ministries of […]

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47357 lagos ondo bayelsa lead states in rising inflation

Inflation drops slightly, production costs remain high

By Ifunanya / January 17, 2023

Nigeria’s headline inflation fell from 21.47 per cent in November 2022 to 21.34 per cent in December 2022 according to […]

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26374 lagos fire buhari reacts mourns death of security guard

Buhari to commit 0.5% GDP to research, development

By Ifunanya / January 17, 2023

President Muhammadu Buhari has said henceforth the Federal Government would allocate at least 0.5 per cent of the nation’s Gross […]

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Naira redesign: CBN gives new update on deadline for return of old notes

By Ifunanya / January 17, 2023

The Central Bank of Nigeria, CBN, has given a fresh update on the deadline to phase out old naira notes. […]

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8102 crowdfunding future of real estate npta president

Crowdfunding, future of real estate – NPTA president 

By Ifunanya / January 17, 2023

The President of the Nigerian Proptech Association, Dr Roland Igbinoba, speaks with JOSEPHINE OGUNDEJI on how crowdfunding can be used […]

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8104 terror attacks rising debts top nigerias risks wef

Terror attacks, rising debts top Nigeria’s risks – WEF

By Ifunanya / January 17, 2023

The World Economic Forum has identified the top five risks in Nigeria that may hamper the country’s growth and development. […]

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29915 nigerias inflation rate rises to 21 91

Nigeria’s December inflation marginal decline not worth celebrating – Expert

By Ifunanya / January 17, 2023

An Accounting and Financial Development don at Lead City University, Ibadan, Prof Godwin Oyedokun said the Nigeria’s 0.13 per cent […]

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8033 cbn governor emefiele resumes duty amid dss probe

CBN Governor Emefiele resumes duty amid DSS probe

By Ifunanya / January 17, 2023

Governor of Central Bank of Nigeria, CBN, Godwin Emefiele has resumed duty after his annual vacation abroad. Emefiele, who proceeded […]

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8006 oil blocs licensing will end in april fg

Oil blocs licensing will end in April –FG

By Ifunanya / January 17, 2023

The Federal Government, on Monday, announced that the licensing round for seven deep offshore open oil blocs, which commenced on […]

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N’Assembly resumes today, N23.7tn loan restructuring tops agenda

By Ifunanya / January 17, 2023

National Assembly Complex The National Assembly will on Tuesday (today) resume from its Christmas and New Year break to attend […]

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11032 cbn

Bank borrowing from CBN rises 260% to N21.87tn

By Ifunanya / January 16, 2023

Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window […]

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7622 electricity bills international bilateral consumers owe nigeria n4 71bn

Electricity bills: International, bilateral consumers owe Nigeria N4.71bn

By Ifunanya / January 16, 2023

International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from […]

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International, bilateral consumers owe Nigeria N4.71bn in electricity bills amid power crisis – NERC

By Ifunanya / January 16, 2023

International and bilateral power consumers receiving supply from Nigeria owe the country close to N4.71 billion, figures obtained on Sunday […]

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14773 The President Major General Muhammadu Buhari retd.

FG begins minimum wage review

By Ifunanya / January 16, 2023

The President, Major General Muhammadu Buhari (retd.) Credit: Adaojo Victor | Facebook The National Salaries Incomes and Wages Commission says […]

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271 buildings collapse in 10 years

By Ifunanya / January 16, 2023

Rescue efforts at the site of the three-storey building collapse in Ebute Metta, Lagos Lagos State tops the list of […]

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6916 n2bn debt case still in court polaris bank

N2bn debt case still in court –Polaris Bank

By Ifunanya / January 16, 2023

Polaris Bank Plc on Saturday reacted to the judgement of an Ondo State High Court, ordering the Central Bank of […]

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Diaspora Nigerian professionals plan devt group

By Ifunanya / January 16, 2023

Nigerians in Diaspora Group A group of Nigerian professionals in the diaspora have convened to birth a group that seeks […]

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6780 construction sector under yoke of inflation

Construction sector under yoke of inflation

By Ifunanya / January 15, 2023

JOSEPHINE OGUNDEJI x-rays the slow growth of the construction sector in 2022 due to inflation which has heavily impacted on […]

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Sue fraudulent property developers, surveyor tells landlords

By Ifunanya / January 15, 2023

A quantity surveyor, Mr Olujide Oke, has urged property owners who have been short-changed by estate developers to seek redress […]

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15938 cashless transactions

Cashless transactions rise to N395tn

By Ifunanya / January 15, 2023

Cashless transactions in Nigeria rose by 42.05 per cent to hit N395.47tn in 2022, according to new data from the […]

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