African Business News

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

20608 Peter Obi

UK shut Obi’s company over account issues – Report

By Ifunanya / January 12, 2023

For failing to submit its annual accounts, authorities in the United Kingdom, have struck off Next International (UK) Limited, a […]

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5284 afcfta rising energy cost forex crisis threaten local manufacturing

AfCFTA: Rising energy cost, forex crisis threaten local manufacturing

By Ifunanya / January 11, 2023

SAMI OLATUNJI examines how local challenges could stop Nigeria from reaping the benefits of the African Continental Free Trade Area […]

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13573 Prof Yemi Osinbajo

Legacy companies must invest in technology, says Osinbajo

By Ifunanya / January 11, 2023

Vice President Yemi Osinbajo Vice President Yemi Osinbajo, on Tuesday in Abuja, said despite the existing business models in most […]

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5274 rising energy cost affecting broadcasting in nigeria bon

Rising energy cost affecting broadcasting in Nigeria – BON

By Ifunanya / January 11, 2023

The Broadcasting Organisation of Nigeria, BON, has said soaring energy costs are affecting the operation and revenue of broadcasters. In […]

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42128 he put everything on the line osinbajo pays tribute to diya

Investment in tech key to economic growth – Osinbajo

By Ifunanya / January 11, 2023

The Vice President, Prof Yemi Osinbajo, SAN, said investment in technology is key to achieving economic growth. According to the […]

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5193 hyundai launches all electric suv in india

Hyundai launches all-electric SUV in India

By Ifunanya / January 11, 2023

South Korean automaker Hyundai Motor India Ltd on Wednesday launched its full-battery electric SUV IONIQ 5 for the Indian market […]

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45618 fuel subsidy oil theft gulped n29tn says fg

FG disburses N173bn for uniform fuel price nationwide

By Ifunanya / January 11, 2023

PMS price exceeds approved rates in states despite equalisation The Federal Government disbursed about N173.2bn for the equalisation of over […]

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5177 nuprc commences 2022 mini bid round

NUPRC commences 2022 mini-bid round

By Ifunanya / January 11, 2023

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced the commencement of its 2022 mini-bid round. The Commission’s Chief Executive […]

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29703 debt crisis nigerias fuel subsidy heavily politicized financial expert laments

FG disburses N173bn for nationwide fuel price equalization amid persisting scarcity

By Ifunanya / January 11, 2023

The Federal Government disbursed about N173.2 billion for equalizing over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, […]

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5045 why nigerian vessels cant lift crude ex comd nnpc

Why Nigerian vessels can’t lift crude – Ex COMD-NNPC

By Ifunanya / January 11, 2023

A former General Manager, Shipping and Terminal Operations, Crude Oil Marketing Division of the Nigerian National Petroleum Corporation, Kon Bob-Manuel, […]

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62656 forgery lp seeks evidence to disqualify enugu governor elect

Scarcity: Pinnacle boss blames poor downstream sector investment

By Ifunanya / January 11, 2023

Inadequate investment in the downstream sector of Nigeria’s oil and gas industry was responsible for the perennial fuel scarcity, the […]

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5036 nigerias rising debt profile spells doom for incoming government experts

Nigeria’s rising debt profile spells doom for incoming government – Experts

By Ifunanya / January 11, 2023

Nigeria’s swelling debt profile without a commensurate infrastructural development has become of great concern to many Nigerians. For economic experts, […]

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4909 clients assault firms employees vandalise offices

Clients assault firm’s employees, vandalise offices

By Ifunanya / January 10, 2023

Angry clients of Oxford International Group have assaulted senior executives of the firm, inflicting injuries, vandalising vehicles, properties, and residential […]

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12920 WhatsApp Image 2021 07 05 at 12.47.03 PM e1655812028233

Ondo govt to spend N3.2bn on security

By Ifunanya / January 10, 2023

Governor Rotimi Akeredolu of Ondo State The Ondo State government on Monday said it will be spending N3.2bn on security […]

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Heads will roll over N23.7 trillion CBN’s advances to government – Expert

By Ifunanya / January 10, 2023

An investment and economic expert, Titewa Adebajo, has called for consequences over the N23.7 trillion Ways and Means advance from […]

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4898 expert reveals key considerations to unpack in nigerias 2023 budget

Expert reveals key considerations to unpack in Nigeria’s 2023 Budget

By Ifunanya / January 10, 2023

An economic expert has identified six critical considerations for the N21.88 trillion 2023 National Budget. The Regional Senior Partner, Nigeria […]

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4776 airtel gets 5g licence mafab begins test run

Airtel gets 5G licence, Mafab begins test-run

By Ifunanya / January 10, 2023

Airtel Networks Limited has paid the Nigerian Communications Commission $316.7m for 100 MHz of spectrum in the 3500MHz band for […]

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4778 property investments will boost economy stakeholders

Property investments will boost economy – Stakeholders

By Ifunanya / January 10, 2023

Stakeholders in the real estate sector have stated that property investment would boost the country’s economy this year. The Chief […]

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12042 Godwin Emefiele

Cash limits: Customers protest as banks begin enforcement

By Ifunanya / January 10, 2023

Over 20 Deposit Money Banks on Monday began the implementation of the Central Bank of Nigeria’s new cash withdrawal limit […]

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33968 ipman faults minister over port harcourt refinery completion date

Scarcity: FG orders NNPC to reduce petrol price

By Ifunanya / January 10, 2023

The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its […]

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