African Business News

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

125694 fg plans to establish special police force to combat illegal mining

Nigeria Cracks Down on Illegal Lithium Mining Amid Global Demand

By Ifunanya / May 27, 2024

Abuja, Nigeria – Nigeria’s government has intensified efforts to clamp down on illegal mining activities, particularly targeting unlicensed miners involved […]

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Zim Currency

Zimbabwe’s Newest Currency Faces Public Mistrust Despite Reggae Artist’s Praise

By Ifunanya / May 27, 2024

Harare, Zimbabwe – Despite a catchy reggae tune praising Zimbabwe’s newest currency, the ZiG (Zimbabwe Gold), public mistrust persists. Released […]

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Banex Plaza 1

Nigerian Military Reopens Banex Plaza After Week-Long Siege Following Violent Clash

By Ifunanya / May 27, 2024

Abuja, Nigeria – The Nigerian military has reopened Banex Plaza in the Wuse 2 area of Abuja for business after […]

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110026 no plans to impose fresh taxes in aviation sector minister keyamo

Nigeria Air Suspended Amid Fraud Allegations, Says Minister of Aviation

By Ifunanya / May 27, 2024

Abuja, Nigeria – The Minister of Aviation and Aerospace Development, Festus Keyamo, has labelled the ‘Nigeria Air’ project, introduced by […]

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uba board learning session 2016 20

UBA Records Record-Breaking Gross Revenue of N2.08 Trillion in 2023

By Ifunanya / May 27, 2024

Lagos, Nigeria – The United Bank for Africa (UBA) has reported a remarkable 143% increase in gross revenue, reaching a […]

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igerian Securities and Exchange Commission SEC Tower in Abuja

SEC to Issue Framework for Bank Recapitalization in Capital Market

By Ifunanya / May 27, 2024

Abuja, Nigeria—The Securities and Exchange Commission (SEC) has announced its intention to release a framework guiding the capital market in […]

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Dr. Ernest Addison

Ghana’s Public Debt Surges by GH¢47.4 Billion in Early 2024

By Ifunanya / May 26, 2024

Accra, Ghana – Ghana’s public debt experienced a significant rise of GH¢47.4 billion in the first two months of 2024, […]

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food crisis

Soaring Food Prices Compound Nigeria’s Economic Woes, 130% Increase

By Ifunanya / May 25, 2024

Lagos, Nigeria – The prices of essential food items including rice, garri, beans, and yam have skyrocketed by over 130 […]

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CBN raises exchange rate for cargo clearance amid forex crisis

Central Bank of Nigeria Sacks 200 Staff Amid Economic Challenges

By Ifunanya / May 25, 2024

In a significant development amid ongoing economic difficulties, the Central Bank of Nigeria (CBN) has reportedly terminated the employment of […]

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ABCON Urges CBN to Ban Non Oil Exporters from Official FX

FX Inflows Skyrocket: Nigeria Sees 136% Surge in First Quarter of 2024, Central Bank Reports

By Ifunanya / May 23, 2024

The Central Bank of Nigeria (CBN) has unveiled startling statistics indicating a remarkable surge in foreign exchange (FX) inflows into […]

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