African Business News

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FIRS orders immediate closure of unauthorised tax collection accounts

FIRS orders immediate closure of unauthorised tax collection accounts

By Ifunanya / April 29, 2025

The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria to immediately identify and shut […]

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Petrol price drop pushing cooking gas costs downwards - IPMAN

Petrol price drop pushing cooking gas costs downwards – IPMAN

By Ifunanya / April 29, 2025

The Independent Petroleum Marketers Association of Nigeria has explained how the reduction in the price of Premium Motor Spirit pushed […]

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Nigeria's non-oil exports climbed by 24.7% to $1.79 billion in Q1 - NEPC

Nigeria’s non-oil exports climbed by 24.7% to $1.79 billion in Q1 – NEPC

By Ifunanya / April 29, 2025

The Nigerian Export Promotion Council, NEPC, has said Africa’s most populous country’s non-oil exports increased by 24.75 percent to $1.791 […]

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Nigeria's naira continues to appreciate against dollar in black market

Nigeria’s naira continues to appreciate against dollar in black market

By Ifunanya / April 29, 2025

Nigeria’s currency, the naira, continued its appreciation against the dollar at the parallel foreign exchange market on Monday. Exchange rate […]

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CBN announces fresh date for first MPC meeting in 2025

AfCFTA: CBN reviews requirements for PAPSS transactions in Nigeria

By Ifunanya / April 28, 2025

The Central Bank of Nigeria, CBN, has announced a significant revision of the documentation requirements for transactions conducted through the […]

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Price of 50kg bag of rice drops — Report

Price of 50kg bag of rice drops — Report

By Ifunanya / April 28, 2025

The price of 50 kilogrammes of rice has reduced by 27 percent to N58,000 from N80,000 in some remote areas […]

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Paris Club Refund: Consultant slams contempt charges against CBN gov

CBN focusing on bringing down inflation — Cardoso

By Ifunanya / April 28, 2025

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated that the focus of the apex bank is […]

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Fitch upgrades four Nigerian states' investment rating

Fitch upgrades four Nigerian states’ investment rating

By Ifunanya / April 28, 2025

Fitch Ratings has upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings of Kaduna, Kogi, Lagos, and Oyo states from […]

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NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April

HERITAGE Bank: NDIC begins payment of ₦46.6bn liquidation dividends to depositors above insured limit

By Ifunanya / April 27, 2025

The Nigeria Deposit Insurance Corporation, NDIC, has commenced payment of ₦46.6 billion as the first tranche of liquidation dividends to […]

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Insecurity: Alia calls for calm in Benue community

Benue Govt targets N3bn monthly IGR to cover salaries, pensions

By Ifunanya / April 27, 2025

The Benue State Government has unveiled plans to increase its internally generated revenue (IGR) to N3 billion per month by […]

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CBN announces fresh date for first MPC meeting in 2025

CBN raises over N1tn in fresh OMO auction

By Ifunanya / April 27, 2025

The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held […]

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Tinubu's reforms not easy, delivering results - Cardoso

Tinubu’s reforms not easy, delivering results – Cardoso

By Ifunanya / April 27, 2025

The governor of the Central Bank of Nigeria has said the reforms implemented by President Bola Ahmed Tinubu’s government in […]

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Dangote Cement, other stocks lose N202bn as NGX records first dip in three days

Dangote Cement, other stocks lose N202bn as NGX records first dip in three days

By Ifunanya / April 26, 2025

Dangote Cement and other stocks pushed the Nigeria Exchange Limited to N202 billion in losses after three days of gains. […]

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Naira appreciates against dollar to end week on good note

Naira records highest appreciation against dollar

By Ifunanya / April 25, 2025

The naira recorded its highest appreciation against the dollar in both the parallel and official foreign exchange markets, ending the […]

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Yobe Tax Agency projects N15 billion revenue in 2025

Yobe Tax Agency projects N15 billion revenue in 2025

By Ifunanya / April 25, 2025

The Yobe State Internal Revenue Service, YIRS, is targeting N15 billion as Internally Generated Revenue, IGR for 2025. The Executive […]

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Dollar depreciates as investors wait on trade talks

Dollar set to rise since March fall

By Ifunanya / April 25, 2025

The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US […]

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BUA Cement PLC releases unaudited financial results for the 3-month period ended 31st March 2025; records strong revenue growth of 80.5% to N290.9 billion; profit before tax increases by 368.6% to N99.7 billion, with profit after tax increasing by 351.4% to N81.1 billion

BUA Cement Reports Exceptional Q1 2025 Results: Revenue Soars by 80.5%, PBT Jumps 368.6%

By Ifunanya / April 25, 2025

LAGOS, NIGERIA – April 25, 2025 – BUA Cement PLC (NGX: BUACEMENT) has announced remarkable unaudited financial results for the […]

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China reacts to Gabon presidential election

Trade talks: ‘Stop misleading the public’ – China slams US

By Ifunanya / April 25, 2025

The Chinese foreign ministry has urged the United States to stop “misleading the public” on bilateral tariff negotiations, saying it […]

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Apple to shift assembly of all US-sold iPhones to India from China

Apple to shift assembly of all US-sold iPhones to India from China

By Ifunanya / April 25, 2025

Apple Inc. has hinted at plans to shift assembly of all iPhones sold in the United States of America to […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues to appreciate against dollar at official, black markets

By Ifunanya / April 25, 2025

Nigeria’s currency, the Naira continued to appreciate against the dollar at the official and parallel foreign exchange markets on Thursday. Central […]

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