African Business News

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

Naira Freefall CBN bars IOCs in Nigeria from repatriating 100

Central Bank of Nigeria Revokes Heritage Bank Plc’s Banking License

By Ifunanya / June 3, 2024

June 3, 2024 – Abuja In a decisive move to uphold the integrity of Nigeria’s financial system, the Central Bank […]

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CBN Governor Yemi Cardoso

Mass Layoffs Disrupt Operations at Central Bank of Nigeria

By Ifunanya / June 3, 2024

The Central Bank of Nigeria (CBN) is experiencing operational disruptions following the mass dismissal of over 600 staff since March […]

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27176 chinas xi handed historic third term as president

China Reaffirms Commitment to Support Zambia’s Debt Restructuring Efforts

By Ifunanya / June 2, 2024

China is closely monitoring the progress of Zambia’s debt restructuring negotiations and remains committed to supporting the nation through its […]

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Erisco Foods CEO Threatens N5 Billion Lawsuit Against Facebook User Over Sugar Too Sweet Tomato Mix 1

Court Grants Bail to Chioma Okoli Over Online Commentary on Erisco Foods Limited

By Ifunanya / May 31, 2024

In a significant development, the Federal High Court in Abuja has granted bail to Mrs Chioma Okoli in the sum […]

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Sisi Xi jinping meeting

Egypt and China Sign Agreements to Deepen Cooperation

By Ifunanya / May 30, 2024

Beijing, China – Egypt and China signed agreements on Wednesday to deepen their cooperation during President Abdel-Fattah el-Sissi’s visit to […]

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Brass Digital Bank Acquired by Investment Group Led by Paystack

By Ifunanya / May 28, 2024

Lagos, Nigeria – Nigerian digital bank for small businesses, Brass, has been acquired by an investment group spearheaded by Paystack. […]

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Finance Minister Wale Edun

Nigeria’s Economic Growth Allows Debt Payment Without Central Bank Loans, Says Finance Minister

By Ifunanya / May 28, 2024

Abuja, Nigeria – Nigeria’s Minister of Finance, Wale Edun, announced on Tuesday that the country is now financially stable enough […]

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Former CBN Director Testifies in Trial of Ex-Governor Godwin Emefiele Over Naira Redesign

By Ifunanya / May 28, 2024

Abuja, Nigeria – Ahmed Bello Umar, former Director of Currency Operations at the Central Bank of Nigeria (CBN), testified on […]

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Nigeria’s Rising Tomato Prices Blamed on Tomato Ebola Infestation

By Ifunanya / May 28, 2024

The Minister of Agriculture and Food Security has attributed the soaring cost of tomato products across Nigeria to an infestation […]

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Governor Sanwo-Olu Vows to Strengthen Lagos Justice System to Attract Global Investment

By Ifunanya / May 28, 2024

Lagos, Nigeria – Governor Babajide Sanwo-Olu has reiterated his commitment to transforming Lagos State into a global investment hub by […]

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