African Business News

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

KACRAN Urges President Tinubu to Boost NEDC Budget for Post Insurgency

KACRAN Urges President Tinubu to Boost NEDC Budget for Post-Insurgency Recovery

By Ifunanya / April 20, 2024

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) is urging President Bola Ahmed Tinubu to boost the annual budget […]

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Average price of cooking gas increases by 870 annually

Cooking Gas Prices Surge: NBS Reports 7.10% Increase in March 2024

By Ifunanya / April 20, 2024

The National Bureau of Statistics (NBS) has reported a significant increase in the average price of cooking gas in Nigeria. […]

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COP28 NNPCL signs two LNG deals

NNPCL and First E&P Commence Oil Production at Madu Field, Bayelsa State

By Ifunanya / April 19, 2024

The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner, First Exploration and Petroleum Development Company Limited (First […]

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Elon Musk Warns Against Engagement Farming on Micro Blogging Site

Elon Musk Warns Against Engagement Farming on Micro-Blogging Site

By Ifunanya / April 19, 2024

Elon Musk, the owner of the popular micro-blogging site X, has issued a stern warning to users engaging in what […]

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Nigerian Government Issues N8 Trillion in Treasury Bills to Boost

Nigerian Government Issues N8 Trillion in Treasury Bills to Boost Economy

By Ifunanya / April 19, 2024

The Nigerian Government has taken a significant step towards stabilizing and boosting the economy by issuing N8 trillion in government […]

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Middle East Tensions Drive Brent Crude Price to 9054 WTI

Middle East Tensions Drive Brent Crude Price to $90.54, WTI at $86.09

By Ifunanya / April 19, 2024

The global oil market is in turmoil as tensions between Israel and Iran continue to escalate, with the price of […]

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nerc 2

Without a tariff increase, Nigeria will need N3.2 trillion to subsidise electricity in 2024, says NERC

By IDBM Consult / April 18, 2024

April 18, 2024 The chairman of the Nigeria Electricity Regulatory Commission (NERC), Sanusi Garba, said on Thursday, April 18, that the Nigerian […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira Plummets 7.04% to N1,154.08 Against Dollar in Single Day

By Ifunanya / April 18, 2024

The Nigerian currency, the naira, experienced a significant drop in value against the US dollar in just one day, according […]

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Why petrol pump price will fall in 2024 CBN

Central Bank Governor: Continued Liquidity to Sustain Naira’s Appreciation

By Ifunanya / April 18, 2024

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed confidence that the naira’s appreciation will continue due […]

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FARC

N7.3trn accrued to Federation Account in H2 of 2023, says RMAFC

By IDBM Consult / April 18, 2024

April 18, 2024 The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has revealed that a total sum of N7,314,129,314,386.08 ($17.9 billion) accrued […]

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