African Business News

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

Nigeria Imposes $220M Fine on Meta for Data Breaches and

Nigeria Imposes $220M Fine on Meta for Data Breaches and Rights Violations

By Ifunanya / July 19, 2024

Nigeria Fines Meta $220 Million for Data Breaches and Consumer Rights Violations In a major blow to social media giant […]

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CBN Sells $110.81 Million to BDCs Amid Naira Defense Efforts

CBN Sells $110.81 Million to BDCs Amid Naira Defense Efforts

By Ifunanya / July 19, 2024

Nigeria’s Central Bank Sold $110 Million in Foreign Currencies to Bureau De Change Operators The Central Bank of Nigeria (CBN) […]

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Kenya Airways Hit by Global IT Outage, Grounds Flights

By Ifunanya / July 19, 2024

Global IT Outage Brings Chaos to Airlines, Media, and Banks A widespread IT outage has brought chaos to the world, […]

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TCN Issues 5 Day Disconnection Notice to AEDC Over Non Compliance

TCN Issues 5-Day Disconnection Notice to AEDC Over Non-Compliance

By Ifunanya / July 19, 2024

Darkness Looms in Abuja and Surrounding States as TCN Issues Disconnection Notice to AEDC The Transmission Company of Nigeria (TCN) […]

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Nigeria's External Reserves Surge to $35.77 Billion, Defying CBN's 2024

Nigeria’s External Reserves Surge to $35.77 Billion, Defying CBN’s 2024 Forecast

By Ifunanya / July 19, 2024

Nigeria’s External Reserves Surpass $35 Billion Mark The Central Bank of Nigeria (CBN) has announced a significant increase in the […]

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Kenya’s Shilling Slumps Amid Protests and Moody’s Downgrade

By Ifunanya / July 19, 2024

Kenyan Shilling Slips Against Global Currencies Amid Ongoing Protests and Downgraded Credit Rating The Kenyan shilling has taken a hit […]

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NMDPRA Warns of Inferior Petroleum Quality from Dangote Refinery and

NMDPRA Warns of Inferior Petroleum Quality from Dangote Refinery and Modular Refineries

By Ifunanya / July 19, 2024

Nigerian Refinery Quality a Concern: Regulator Rejects Dependence on Dangote In a recent interview with journalists, Farouk Ahmed, Chief Executive […]

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Naira Appreciates Against Dollar at Official and Parallel Markets

Naira Appreciates Significantly Amid Tinubu’s N70,000 Minimum Wage Increase

By Ifunanya / July 18, 2024

Naira Appreciates Against US Dollar Amid New Minimum Wage Increase In a surprising turn of events, the Nigerian naira has […]

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Innovating Through Resilience: CEO Forum Highlights Tech’s Transformative Power

By Ifunanya / July 18, 2024

Nigerian Businesses Must Embrace Innovation and Resilience to Thrive in Challenging Economy At the recent BusinessDay CEO Forum, Chukwuma Nwanze, […]

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Nigeria to Impose 50% Tax on Bank Profits from Foreign

Nigeria to Impose 50% Tax on Bank Profits from Foreign Exchange Revaluation

By Ifunanya / July 18, 2024

Nigerian Government Plans 50 Percent Tax on Bank Profits for Minimum Wage Increase As Nigerian President Bola Tinubu submits proposed […]

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