African Business News

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

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Banex Plaza Remains Shut as Soldiers Maintain Presence After Thug Attack

By Ifunanya / May 20, 2024

Banex Plaza, a major electronics and telecommunications market in Abuja, remains closed, as soldiers maintain their presence following a recent […]

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CBN reviews timeline for issuance of credit letters amid forex

CBN Halts 0.5% Cybersecurity Levy Following Presidential Directive

By Ifunanya / May 20, 2024

The Central Bank of Nigeria (CBN) has directed all banks to cease the implementation of a 0.5 per cent cybersecurity […]

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Air Peace Faces Safety Violation Allegations from UK After Duke and Duchess of Sussex Flew Airline in Nigeria

By Ifunanya / May 20, 2024

The United Kingdom Civil Aviation Authority (UK CAA) has raised safety concerns about Nigerian airline Air Peace. The UK CAA […]

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German-Nigerian Trade Relations Hit €3 Billion, Ambassador Annett Gunther Reveals

By Ifunanya / May 19, 2024

The German Ambassador to Nigeria, Mrs. Annett Gunther, announced that trade relations between the Federal Republic of Nigeria and the […]

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IMF

IMF: Import Restrictions and Forex Shortages Stifle African Business Growth

By Ifunanya / May 19, 2024

The International Monetary Fund (IMF) has reported that import restrictions and foreign currency scarcity are hindering business growth in Nigeria […]

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US and Nigeria Strengthen Aviation Ties with New Air Transport Agreement

By Ifunanya / May 19, 2024

The United States and Nigeria have taken a significant step towards enhancing their bilateral aviation relationship by announcing the reintroduction […]

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Dangote Predicts End to Nigeria’s Fuel Importation by June 2024

By Ifunanya / May 19, 2024

In a recent announcement at the Africa CEO Forum Annual Summit in Kigali, Aliko Dangote, the Chairman of the Dangote […]

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Banks

South Africa’s Top Banks in 2024: A Look at the Leaders

By Chinonso / May 17, 2024

South Africa’s banking sector thrives on competition, with each institution offering unique strengths and catering to specific customer segments. Here’s […]

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top 10 Banks in Nigeria

Nigeria’s Banking Titans: A 2024 Snapshot of the Country’s Largest Financial Institutions

By Ifunanya / May 17, 2024

Nigeria’s banking sector is a crucial engine for economic growth, providing financial services to individuals, businesses, and the government. Here, […]

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Court Denies Binance Executive, Tigran Gambaryan Bail

By Ifunanya / May 17, 2024

A Federal High Court sitting in Abuja has denied the bail application of Tigran Gambaryan, an executive of Binance, a […]

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