African Business News

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

CAC to delist 91843 companies over failure to comply with

CBN Gives 4,173 BDCs 3-Month Ultimatum to Change Names After License Revocation

By Ifunanya / July 11, 2024

Nigeria’s Central Bank Orders 4,173 Bureau De Change Companies to Change Names or Face Consequences In a recent move, the […]

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CAC Warns 4,173 BDCs of Certificate Cancellation Over Regulatory Noncompliance

CAC Warns 4,173 BDCs of Certificate Cancellation Over Regulatory Noncompliance

By Ifunanya / July 11, 2024

Nigeria’s Central Bank and Corporate Affairs Commission Take Action Against Non-Compliant Bureau De Change Operators In a move to maintain […]

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ABCON Urges CBN to Ban Non Oil Exporters from Official FX

Nigeria’s External Reserves Reach One-Year High Under President Tinubu

By Ifunanya / July 11, 2024

Nigeria’s Economy Sees Surge in External Reserves, But Forex Crisis Persists Date: July 2024 Despite a one-year high of $35.05 […]

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kenyas president william ruto attends a plenary session during the summit on peace in ukraine in obburgen switzerland sunday june 16 2024

Kenya Faces Growing Debt and Economic Challenges After Protests Derail Finance Bill

By Ifunanya / July 10, 2024

The ballooning debt in East Africa’s economic hub of Kenya is expected to grow even more after deadly protests forced […]

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PENGASSAN

PENGASSAN President Blames Fuel Scarcity on Bad Roads and Ineffective Railway System

By Ifunanya / July 9, 2024

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has attributed the current scarcity […]

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NGX records bearish trading as ASI declines by 033 per

Nigerian Exchange Group Suspends Trading for Unity Bank, NPF Microfinance Bank, and Six Other Companies

By Ifunanya / July 9, 2024

The Nigerian Exchange Group (NGX) has suspended trading of shares for Unity Bank, Nigerian Police Force Microfinance Bank, and six […]

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a cargo ship sails through the panama canal in panama city thursday june 13 2024

Court Decision May Greenlight New Reservoir for Panama Canal Amid Drought

By Ifunanya / July 9, 2024

Waterway managers announced on Monday that a recent court decision might pave the way for constructing a new reservoir to […]

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fuel scarcity 2

Fuel Scarcity Worsens in Abuja and Surrounding States, Transport Fares Soar

By Ifunanya / July 9, 2024

Residents of Abuja, Nasarawa, and other surrounding states are grappling with long fuel queues at filling stations, despite assurances from […]

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Nigeria’s Federal Government Suspends Import Duties on Key Food Items for 150 Days

By Ifunanya / July 8, 2024

In a significant policy move, Nigeria’s Federal Government announced on Monday the suspension of duties, tariffs, and taxes on the […]

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Nigerian Government Denies Signing EU Agreement for $150 Million Loan

By Ifunanya / July 7, 2024

FCT, Abuja — The Nigerian government has refuted claims of signing an agreement with the European Union (EU) to secure […]

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