African Business News

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

Nigeria Approves ₦150,000 Grant for Jigawa State Business Owners, Increases

Nigeria Approves ₦150,000 Grant for Jigawa State Business Owners, Increases National Minimum Wage

By Ifunanya / July 24, 2024

Nigeria’s President Tinubu Announces ₦150,000 Grant for Jigawa State Business Owners, Senate and House of Representatives Pass National Minimum Wage […]

Continue Reading
Nigeria's Oil Sector Under Scrutiny: Ezekwesili Calls for Independent Audit

Nigeria’s Oil Sector Under Scrutiny: Ezekwesili Calls for Independent Audit of Dangote Refinery-NNPC Deal

By Ifunanya / July 24, 2024

Nigeria’s Dangote Refinery Embroiled in Controversy as Minister Calls for Independent Audit Nigeria’s Dangote Petroleum Refinery, a planned $20 billion […]

Continue Reading
Naira Appreciation Drive Sustainable Growth Predicted by Financial Expert

Naira Plunges to Record Low Against Dollar Following CBN Interest Rate Hike

By Ifunanya / July 23, 2024

Naira Sinks Against Dollar as Nigeria’s Central Bank Raises Interest Rates In a move that has sent shockwaves through foreign […]

Continue Reading
House Asks NERC, DISCOs to Reverse Tariff Hike for Band

House Asks NERC, DISCOs to Reverse Tariff Hike for Band A Customers Immediately

By Ifunanya / July 23, 2024

Nigeria’s Parliament Orders Reverse of Electricity Tariff Hike for Band A Customers The Nigerian House of Representatives has ordered the […]

Continue Reading
Mercury Bank Terminates Accounts for Businesses from Certain Countries

Mercury Bank Terminates Accounts for Businesses from Certain Countries

By Ifunanya / July 23, 2024

In a sudden move, American financial technology company, Mercury, has announced plans to terminate the accounts of businesses based in […]

Continue Reading
CBN Increases Nigeria's External Reserves to $36.89 Billion

CBN Raises Interest Rate to 26.75% to Combat Inflation, Food Prices

By Ifunanya / July 23, 2024

Nigeria’s Central Bank Raises Interest Rate to Tackle Inflation The Central Bank of Nigeria (CBN) has announced a significant increase […]

Continue Reading
Imo State and DIGITAL SME Launch Digital Skills Initiative for

Imo State and DIGITAL SME Launch Digital Skills Initiative for Economic Growth

By Ifunanya / July 23, 2024

Imo State and Digital SME Launch Digital Skills Initiative The Imo State Government in Nigeria has partnered with the European […]

Continue Reading
Nigeria Proposes 50% Windfall Tax on Bank FX Gains to

Nigeria Proposes 50% Windfall Tax on Bank FX Gains to Balance Economy

By Ifunanya / July 23, 2024

Nigeria Proposes 50% Windfall Tax on Banks’ Foreign Exchange Gains to Balance Economy In a move aimed at recovering losses […]

Continue Reading
Nigerian Enamelware Reports 254% Profit Decline, Posts N2.6bn Loss

Nigerian Enamelware Reports 254% Profit Decline, Posts N2.6bn Loss

By Ifunanya / July 23, 2024

Nigerian Enamelware Records Post-Tax Loss of N2.6bn, Revenue Jumps 216% Nigerian Enamelware PLC, a manufacturer of enamelware, plastic products, and […]

Continue Reading
KEDCO Urges Peaceful Settlement with Manufacturers Association of Nigeria

KEDCO Urges Peaceful Settlement with Manufacturers Association of Nigeria

By Ifunanya / July 22, 2024

Kano Electricity Distribution Company Urges Manufacturers to Settle Dispute Peacefully The Kano Electricity Distribution Company (KEDCO) has appealed to the […]

Continue Reading
Scroll to Top