African Business News

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

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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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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Ikeja Electric Slashes Electricity Tariff for Band A Customers to N206.80/kWh.

By Ifunanya / May 6, 2024

In a surprising turn of events, Ikeja Electric Distribution Company (IE) has announced a significant reduction in the electricity tariff […]

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SON and Ogun State Government Collaborate on CNG Standards Implementation

By Ifunanya / May 6, 2024

The Standards Organisation of Nigeria (SON) and the Ogun State government join forces to implement Compressed Natural Gas (CNG) standards […]

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Tincan Island Port Achieves 42% Stakeholder Feedback in Customs’ Time Release Study

By Ifunanya / May 6, 2024

The Tincan Island Port Command of the Nigeria Customs Service (NCS) reports a significant milestone in its Time Release Study […]

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116150 fg vows to bolster mining sectors contribution to nigerias gdp

Federal Government to Review Mining Licence Fees, Seeks Stakeholder Support

By Ifunanya / May 3, 2024

The Federal Government, through the Ministry of Solid Minerals Development, has unveiled plans to revise the rates of mining licences […]

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109687 ndic empowers law enforcement agents and legal practitioners through training

FG (NDIC) Raises Deposit Insurance Coverage

By Henry Orji / May 3, 2024

The Nigerian Government has announced an increase in the Maximum Deposit Insurance Coverage for banks operating in the country, as […]

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