African Business News

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

Mercy Eke

Reality Star Mercy Eke Voices Concern Over Funds in Revoked Heritage Bank Account

By Ifunanya / June 6, 2024

Following the revocation of Heritage Bank’s operating license by the Central Bank of Nigeria (CBN), reality star Mercy Eke has […]

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Federal Government Files Tax Evasion Lawsuit Against Binance Crypto Exchange

Nigerian Government Accuses Binance of $20 Billion Turnover Without Tax Payments

By Ifunanya / June 6, 2024

Abuja, Nigeria – The Nigerian government has disclosed that Binance, a prominent cryptocurrency platform, generated a turnover exceeding $20 billion […]

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Global Public Debt Hits Record High of $97 Trillion, UN Reports

By Ifunanya / June 6, 2024

June 4, United Nations Headquarters – Global public debt surged to an unprecedented $97 trillion in 2023, with developing countries […]

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A currency trader displays US dollars and Congolese francs at a local market in Kinshasa Congo Thursday November 9 2006 AP

Central Bank of Congo Mandates Exclusive Use of Congolese Francs for Electronic Payments to Curb Dollarization

By Ifunanya / June 6, 2024

The Central Bank of Congo (BCC) has mandated that all Electronic Payment Terminals (EPTs) in the Democratic Republic of Congo […]

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Ghana, Korea sign $2bn deal to drive development agenda

By Ifunanya / June 6, 2024

Ghana has secured a major financial boost for its development aspirations, inking a $2 billion framework arrangement with South Korea’s […]

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Finance Minister Wale Edun 1

Tripartite Committee Resumes Talks on New Minimum Wage for Nigerian Workers

By Ifunanya / June 5, 2024

The Tripartite Committee on Minimum Wage has resumed discussions regarding a new minimum wage for workers in Nigeria. The talks […]

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Femi Otedola Exposes ‘fraudulent’ Transactions In Company’s Zenith Account

By Ifunanya / June 5, 2024

Billionaire Businessman, Femi Otedola has accused Jim Ovia, Chairman of Zenith Bank Plc of fraudulently using an account belonging to […]

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15958 South Korea President Yoon Suk yeol

South Korea Strengthens Ties with Africa: President Yoon Announces Key Minerals Partnership at Inaugural Korea-Africa Summit

By Ifunanya / June 5, 2024

South Korean President Yoon Suk Yeol committed to fostering shared growth, sustainability, and solidarity during the closing day of the […]

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Nobody goes around searching for foreign investors Peter Obi

Heritage Bank: CBN Should Not Destabilize The Country’s Financial System — Peter Obi

By Ifunanya / June 4, 2024

The latest CBN’s revocation order on Heritage Bank’s operating license and subsequent appointment of NDIC as liquidator of its assets […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Lifts Ban on Onboarding New Customers for Five Fintech Startups

By Ifunanya / June 4, 2024

Abuja, June 5, 2024 – The Central Bank of Nigeria (CBN) has officially lifted its ban on onboarding new customers […]

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