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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House of Representatives Urges CBN to Revoke 0.5% Cybersecurity Levy Directive

By Ifunanya / May 9, 2024

The House of Representatives has called on the Central Bank of Nigeria (CBN) to retract its recent circular instructing banks […]

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110881 chairman of presidential tax reforms committee taiwo oyedele addresses n5bn funds from firs

Presidential Committee Proposes VAT Rate Increase, Revenue-Sharing Review

By Ifunanya / May 9, 2024

The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax (VAT) rate, along […]

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LCCI Criticizes CBN’s 0.5% Cyber Security Levy, Calls for Reconsideration

By Ifunanya / May 9, 2024

The Lagos Chamber of Commerce and Industry (LCCI) has voiced its concerns over the Central Bank of Nigeria’s (CBN) directive […]

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Top Forecaster Warns: US Economy Heading for Recession, Stock Market Could Plummet 30%

By Ifunanya / May 8, 2024

Investors should brace themselves for a looming recession that could trigger a significant downturn in the stock market, according to […]

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POS operator

Federal Government Gives Two-Month Deadline for Registration of POS Operators

By Ifunanya / May 7, 2024

The Federal Government, through the Corporate Affairs Commission (CAC), has mandated Point of Sales (POS) companies to register their agents, […]

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CBN reviews timeline for issuance of credit letters amid forex

Central Bank of Nigeria Introduces 0.5% Cybersecurity Levy on Electronic Transactions

By Ifunanya / May 7, 2024

The Central Bank of Nigeria (CBN) has issued a directive instructing all banks to impose a 0.5% cybersecurity levy on […]

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naira

Federal Government Moves to Delist Naira from Crypto Platforms Amid Exchange Rate Concerns

By Ifunanya / May 7, 2024

In response to growing concerns over exchange rate manipulation and dollar racketeering in Nigeria’s crypto market, the Federal Government, through […]

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Labour Ministry Aims Beyond Industrial Disputes to Bolster Economy

By Ifunanya / May 6, 2024

The Federal Ministry of Labour and Employment is stepping up its efforts beyond its traditional role of resolving industrial disputes […]

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Bi-Courtney Aviation Plans Regional Expansion

By Ifunanya / May 6, 2024

During a media parley commemorating the 17th anniversary of Murtala Muhammed Airport Terminal Two (MMA2), Bi-Courtney Aviation Services Ltd., the […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira’s Plummet: N1,401 Per Dollar Sparks Concern Amidst Economic Turmoil

By Ifunanya / May 6, 2024

In recent economic news, the Nigerian Naira has taken a sharp downturn, plummeting to a new low of ₦1,401.464 per […]

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