African Business News

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

Federal Government Collaborates with ICAC to Revive Cotton/Textile Industry

Federal Government Collaborates with ICAC to Revive Cotton/Textile Industry

By Ifunanya / August 7, 2024

Nigeria’s Cotton/Textile Industry Revival: A New Beginning In a significant move to revitalize the moribund cotton/textile industry, the Federal Government […]

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Nigeria's Central Bank Approves Merger of Providus Bank and Unity

Nigeria’s Central Bank Approves Merger of Providus Bank and Unity Bank

By Ifunanya / August 6, 2024

Nigeria’s Central Bank Approves Merger Between Providus Bank and Unity Bank In a significant move to stabilize the country’s financial […]

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National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

By Ifunanya / August 6, 2024

Nigeria’s National Grid Not Collapsed, Says Transmission Company In a statement released on Tuesday, the Transmission Company of Nigeria (TCN) […]

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Aramco's Profit Drops 3.4% as Oil Volumes Sold Fall and

Aramco’s Profit Drops 3.4% as Oil Volumes Sold Fall and Refining Margins Weaken

By Ifunanya / August 6, 2024

Saudi Oil Giant Aramco Reports Slight Drop in Net Profit Saudi oil giant Aramco, the jewel of the Saudi economy, […]

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Fintava Partners with Bizipay to Boost Financial Inclusion in Jigawa

Fintava Partners with Bizipay to Boost Financial Inclusion in Jigawa State

By Ifunanya / August 6, 2024

Fintech Firm Fintava Partners with Bizipay to Expand Financial Access in Jigawa State A significant milestone has been achieved in […]

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Naira Reaches New High Against Dollar Despite Ongoing Hunger Protests

By Ifunanya / August 6, 2024

Naira Makes Gains Against Dollar Despite Ongoing Hunger Protests In a surprising turn of events, the Nigerian naira has recorded […]

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Rivers State Governor Signs Order to Boost Investment and Economic

Rivers State Governor Signs Order to Boost Investment and Economic Growth

By Ifunanya / August 5, 2024

Rivers State Establishes Investment Promotion Council to Spur Economic Growth Nigeria’s Rivers State Governor, Siminalayi Fubara, took a significant step […]

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Nigeria's NGX Receives SEC Approval for Impact Board to Boost

Global Stocks Crash: NGX, Europe, and Asia Suffer Heavy Losses

By Ifunanya / August 5, 2024

Global Stock Market Crash Hits Nigeria and Japan Hard Nigeria’s equities market took a significant hit on Monday, with the […]

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Federal Court Annuls Sale of Nigeria Air to Ethiopian Airlines

Federal Court Annuls Sale of Nigeria Air to Ethiopian Airlines

By Ifunanya / August 5, 2024

Nigeria’s Ambitious National Carrier Plan Hits Turbulence as Court Throws Out Sale to Ethiopian Airlines The Nigerian government’s plan to […]

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Nigeria Raises Import Duty Exchange Rate to N1618.73 Amid Forex

Nigeria Raises Import Duty Exchange Rate to N1618.73 Amid Forex Fluctuations

By Ifunanya / August 5, 2024

Nigeria’s Central Bank Raises Import Duty Exchange Rate Amid Currency Fluctuations The Central Bank of Nigeria (CBN) has increased the […]

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