African Business News

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

1024x576 cmsv2 ec4eeb27 c435 53ae adab 5e7533800287 8441754

Unrest in New Caledonia Fuels Global Nickel Price Surge

By Ifunanya / May 23, 2024

Tensions in the French Pacific territory of New Caledonia have sent shockwaves through global nickel markets, with prices soaring in […]

Continue Reading
cbn dollars

CBN Revises Guidelines For Bureau De Change Operators

By Ifunanya / May 23, 2024

The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the […]

Continue Reading
31411266be3e9c7c

600,000 Kenyans Stop Using Mobile Money in 2023 Due to Taxes, Cybercrime

By Ifunanya / May 22, 2024

The number of Kenyans using mobile money services dropped by 600,000 in the year ending December 2023, according to the […]

Continue Reading
1706098260 Inflation to fall in 2024 — Cardoso

CBN Governor Dismisses Speculation, Asserts No Nigerian Bank Under Pressure for Recapitalisation

By Ifunanya / May 21, 2024

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has clarified that Nigerian banks are not facing pressure regarding […]

Continue Reading
CBN Governor Yemi Cardoso

CBN Governor Clarifies Stance on Fintech Licenses

By Ifunanya / May 21, 2024

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the licenses of fintech companies such as […]

Continue Reading
18401014 bannex2 jpeg6a2e3c2e4cd1e93ba085326a12ce42cd

Military Assault at Banex Plaza Leaves Woman in Coma

By Ifunanya / May 21, 2024

A military personnel stationed at the Banex Plaza in the Wuse 2 area of Abuja has reportedly assaulted a woman, […]

Continue Reading
CBNs Monetary Policy Rate Increase Wont Boost Economy Ex CBN Director

CBN Raises Interest Rate to 26.25% to Combat Soaring Inflation

By Ifunanya / May 21, 2024

The Central Bank of Nigeria (CBN) has increased the interest rate by 150 basis points, raising it from 24.75% to […]

Continue Reading
CAC to delist 91843 companies over failure to comply with

Only 20% of Registered Entities Pay Annual Returns, Says CAC Registrar General

By Ifunanya / May 20, 2024

The Registrar General (RG) of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), has revealed that only 20 per cent […]

Continue Reading
CBNs Monetary Policy Rate Increase Wont Boost Economy Ex CBN Director

Financial Experts Warn of Naira Depreciation Amid Low FX Reserves and Investor Withdrawal

By Ifunanya / May 20, 2024

Financial experts have expressed concerns over the Central Bank of Nigeria’s (CBN) low net foreign exchange (FX) reserves and its […]

Continue Reading
CEO of MTN Nigeria Karl Toriola

MTN Nigeria CEO Defends Board’s Remuneration Amid Economic Challenges

By Ifunanya / May 20, 2024

Lagos, Nigeria – The Chief Executive Officer of MTN Nigeria Communications, Mr. Karl Toriola, has addressed concerns regarding the remuneration […]

Continue Reading
Scroll to Top