African Business News

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

Naira depreciation’ll worsen Nigeria’s food, energy crisis — W’Bank

By Media Talk Africa / November 1, 2022

The shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices […]

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FG exceeds loan target by N1.12tn, borrows N5.3tn

By Media Talk Africa / November 1, 2022

Experts warn Buhari, propose revenue drive FG’s recurrent rise 217% to N8tn The Federal Government exceeded its borrowing by N1.15tn […]

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Naira redesign Ill-timed, will worsen economy – Kachikwu

By Media Talk Africa / October 31, 2022

The presidential candidate of the African Democratic Congress, Dumebi Kachikwu, on Monday, faulted the Naira redesign policy of the Central […]

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CBN destroys over N6tn banknotes under Buhari

By Media Talk Africa / October 31, 2022

The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the […]

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CBN has my backing on naira redesign– Buhari

By Media Talk Africa / October 30, 2022

President Muhammadu Buhari has stated the Central Bank of Nigeria (CBN) has his backing on the controversy trailing the decision to introduce […]

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Nigeria, Canada trade grows, hits $2.7bn

By Media Talk Africa / October 30, 2022

The Canadian Trade Commissioner to Nigeria, Temitayo Dada, has said Nigeria is Canada’s largest trading partner in Africa with $2.67bn in […]

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Naira redesign: Governor of Central Bank of Nigeria, Godwin Emefiele, insists it followed due process

By Media Talk Africa / October 29, 2022

In an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry […]

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$1.5b Lekki Deep Sea Port ready for test run

By Media Talk Africa / October 28, 2022

Lekki Deep Sea Port, Nigeria’s deepest seaport will test run operation next week, Lagos State Governor Babajide Sanwo-Olu confirmed yesterday. The test […]

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Flood threatens N1.9tn CBN agric schemes, losses mount

By Media Talk Africa / October 28, 2022

The devastation caused by floods on hundreds of thousands of hectares of farmlands across the country currently poses a threat […]

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Operators kick over bidders named to manage airports

By Media Talk Africa / October 28, 2022

Operators in the aviation industry yesterday kicked over the naming of some companies  selected as  preferred bidders of three  international […]

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Naira redesign not economic priority — CISLAC

By Media Talk Africa / October 28, 2022

The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and […]

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JUST IN: Experts react to CBN’s plan to redesign Naira

By Media Talk Africa / October 27, 2022

By Emma Ujah,   Abuja Bureau Chief, Peter Egwuatu, Asst. Business Editor, Yinka Kolawole, Nkiru Nnorom, Rosemary Iwunze and Godfrey Bivbere […]

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Ogun communities lament blackout, tackle IBEDC

By Media Talk Africa / October 27, 2022

Landlords and residents around Magboro and Ibafo communities, in the Obafemi Owode Local Government Area of Ogun State, have lamented […]

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Northern group kicks against redesign of Naira notes

By Media Talk Africa / October 26, 2022

A group, the Concerned Northern Forum, has kicked against the proposed redesign of the Naira notes by the Central Bank […]

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FG decries rising inflation, moves to stop trend

By Media Talk Africa / October 26, 2022

…Oil theft, petrol subsidy frustrated 2022 budget performance – Minister The Federal Government has decried the growing inflation in Nigeria, […]

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FG earmarks $7bn for poverty reduction

By Media Talk Africa / October 26, 2022

The Federal Government says it has earmarked about $7 billion within the last seven years in its efforts to pull […]

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Fuel scarcity grounds Lagos, Ogun, Abuja, commuters stranded

By Media Talk Africa / October 26, 2022

Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to […]

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New naira notes to be in circulation December 15 – Emefiele

By Media Talk Africa / October 26, 2022

In line with this approval, we have finalized arrangements for the new currency to begin circulation from December 15, 2022. – […]

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Breaking: CBN redesigns Naira

By Media Talk Africa / October 26, 2022

The Central Bank governor Godwin Emefiele, Wednesday said that the apex bank would redesign the country’s currency.

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CBN, AMCON sell Polaris Bank to SCIL- Media Talk Africa

By Media Talk Africa / October 21, 2022

The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share […]

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