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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Naira’s fate is in our hands, Reno Omokri tells Nigerians

By IDBM Consult / April 15, 2024

April 15, 2024 The Naira made a steady recovery against the dollar in April, with the Nigerian currency trading at […]

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March 2024 Inflation Report Nigerias Headline Inflation Rate Jumps to

March 2024 Inflation Report: Nigeria’s Headline Inflation Rate Jumps to 33.20%

By Ifunanya / April 15, 2024

Nigeria’s Inflation Rate Climbs to 33.20% in March 2024 The National Bureau of Statistics has recently revealed that Nigeria’s headline […]

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Another power system collapse paralyses economic activities in South East

By IDBM Consult / April 15, 2024

April 15, 2024 The Enugu Electricity Distribution Company (EEDC) says that another system collapse have led to loss of electricity supply in […]

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Kerosene consumers experienced unprecedented price hike in 2023 NBS

Nigeria’s Food Inflation Surges to 40.01% Annually, Driven by Price Hikes in Staple Foods

By Ifunanya / April 15, 2024

Nigeria is currently facing a significant challenge as food inflation has skyrocketed to 40.01 per cent annually, marking a 15-point […]

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CBN’s Cashless Drive Boosts Electronic Banking Revenue for Top Nigerian Banks

By Ifunanya / April 15, 2024

The digital revolution in Nigeria’s banking sector is gaining momentum, with a significant increase in electronic banking revenue reported by […]

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BREAKING Nigerias inflation rate hits 2990 in January amid rising

NBS Inflation Report: February Figures Rise to 31.70%, Food Inflation Soars to 37.92%

By Ifunanya / April 15, 2024

The National Bureau of Statistics is gearing up to reveal the latest inflation data on Monday, March 15, 2024. This […]

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Reviewing the Petroleum Industry Act Akwa Ibom Oil Producing Communities

Reviewing the Petroleum Industry Act: Akwa Ibom Oil Producing Communities Demand Justice for Environmental Pollution

By Ifunanya / April 15, 2024

Dr. Ufot Phenson, an environmental activist and President General of the Akwa Ibom Oil Producing Community Development Network, has raised […]

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Federal Government Appeals to NUEE Over Electricity Tariff Hike

Federal Government Appeals to NUEE Over Electricity Tariff Hike

By Ifunanya / April 15, 2024

The Federal Government is urging members of the National Union of Electricity Employees not to go on strike in response […]

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UBA well capitalised with over N2tr shareholders’ fund – GMD

By IDBM Consult / April 14, 2024

April 14, 2024 United Bank for Africa (UBA) Plc is very well capitalized with shareholders’ fund in excess of N2 […]

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FCCPC backs NERCs N105bn fine on 11 DisCos over arbitrary

FCCPC Urges Nigerians to Report Arbitrary Price Hikes for Action

By Ifunanya / April 14, 2024

The Federal Competition and Consumer Protection Commission (FCCPC) is cracking down on businesses engaging in price fixing and arbitrary price […]

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