African Business News

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

6595 nigeria others must embrace technology for food sufficiency akinbo

Nigeria, others must embrace technology for food sufficiency – Akinbo

By Ifunanya / January 15, 2023

The Supervisor, Centre of Excellence in Science, Technology and Innovation, African Union Development Agency, now known as AUDA-NEPAD, Dr Olalekan […]

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54729 estimated billing customers now six million

Unmetered power consumers drop to 7.74 million

By Ifunanya / January 15, 2023

Electricity consumers made 251,007 complaints against power distribution companies between April and June last year in protest against estimated billing, […]

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12046 Real Estate

Experts advocate alternative housing solutions

By Ifunanya / January 15, 2023

File: Housing units. www.housingfinanceafrica.org Due to the downturn in the economy, experts have advocated the use of red bricks and […]

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6489 nigerias non oil exports hit 4 8bn in 2022

Nigeria’s non-oil exports hit $4.8bn in 2022

By Ifunanya / January 14, 2023

Nigeria’s non-oil exports increased to $4.820 billion, representing 39.91 per cent growth in 2022, the Nigerian Export Promotion Council, NEPC, […]

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6372 pension 2304 next of kins paid n13bn

Pension: 2,304 next-of-kins paid N13bn

By Ifunanya / January 14, 2023

The relatives of 2,304 deceased workers under the Contributory Pension Scheme got N13.36bn benefits between July and September 2022. The […]

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11052 a1

Bakers protest Anambra multiple taxation

By Ifunanya / January 14, 2023

Bakers under the aegis of the Premium Breadmakers Association of Nigeria have accused the Governor of Anambra State, Professor Chukwuma […]

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14704 Nigerian Export Promotion Council NEPC Headquarters Abuja

Non-oil exports rose to $4.8bn in 2022 – NEPC

By Ifunanya / January 14, 2023

Nigerian Export Promotion Council (NEPC) Headquarters, Abuja. Nigeria’s non-oil exports grew by 39.91 per cent in 2022 to $4.820 billion, […]

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Customs abandon e-platform for vehicle auction – Agents

By Ifunanya / January 14, 2023

Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (retd.) The Nigeria Customs Service may have abandoned the e-auction platform […]

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Naira loses slightly, exchanges at 461.90 to dollar

By Ifunanya / January 14, 2023

The naira on Friday exchanged at N461.90 against $1 at the Investors and Exporters window. The figure represents a decrease […]

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6177 former uk pm blair condoles with afdb president on mothers death

Former UK PM Blair condoles with AfDB President on mother’s death

By Ifunanya / January 14, 2023

The former Prime Minister of the United Kingdom, Mr Tony Blair, has condoled with the President of the African Development […]

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11435 Crude oil

$2.5bn lost monthly to oil production – NECA

By Ifunanya / January 13, 2023

The Nigeria Employers’ Consultative Association has stated that the country has been losing about $2.5bn monthly for failing to meet […]

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12627 Customs officers on parade ground

Apapa Customs generated N1tn in 2022 – Comptroller

By Ifunanya / January 13, 2023

Customs officers on parade ground The Apapa Area Command of the Nigeria Customs Service has said that between January to […]

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5933 budget deficit rises 370 hits n47tn under buhari

Budget deficit rises 370%, hits N47tn under Buhari

By Ifunanya / January 13, 2023

The total budget deficit under the President, Major General Muhammadu Buhari (retd.), is set to hit N47.43tn, according to an […]

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12990 Godwin Obaseki

Edo demolishes illegal structures

By Ifunanya / January 13, 2023

Edo State Governor, Godwin Obaseki As part of efforts to ensure a properly planned and sanitised environment in the state, […]

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Banking industry’s total assets grew by N12.37tn – CBN

By Ifunanya / January 13, 2023

The Central Bank of Nigeria has said the banking industry’s total assets grew by N12.37 trillion between October 2021 and […]

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Nigeria lost $2.5bn monthly over failure to meet OPEC’s allocation – NECA

By Ifunanya / January 13, 2023

The Nigeria Employers’ Consultative Association, NECA, disclosed that the nation has lost close to $2.5 billion monthly over failure to […]

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20740 Insurance

Insurance broker canvasses poverty eradication

By Ifunanya / January 13, 2023

A former President, Nigerian Council of Registered Insurance Brokers, Dr Teslim Adekunle Sanusi, has emphasised the need for individuals and […]

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5810 fg probes shell oil leak after punch report

FG probes Shell oil leak after report

By Ifunanya / January 13, 2023

The Federal Government on Wednesday sent an investigative team to probe the leakage on Shell’s Trans Niger pipeline. Shell Petroleum […]

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5797 kaduna state gdp increased to 4 1 in 2020 commissioner

Kaduna State GDP increased to 4.1% in 2020 – Commissioner

By Ifunanya / January 13, 2023

The Kaduna State Commissioner of Planning and Budget Commission, PBC, Hajiya Umma Aboki, said the state’s Gross Domestic Product increased […]

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Kerosene price jumped to N1,083/per litre from N441 in 2021 – NBS

By Ifunanya / January 13, 2023

The price of cooking kerosene increased to N1,083.57/litre in November 2022 from N441.06 in the same month of 2021, the […]

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