African Business News

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

Why theres a drop in Nigerias power supply TCN

Nigeria’s Power Supply Plummets: TCN Attributes Drop to Gas Constraints

By Ifunanya / January 25, 2024

In a recent statement, the Transmission Company of Nigeria (TCN) has identified gas constraints at thermal generating companies as the […]

Continue Reading
TCN raises alarm as insecurity threatens facilities

Nigeria’s National Power Grid Suffers 46 Collapses in 6 Years, IEA Report Reveals

By Ifunanya / January 25, 2024

A recent report by the International Energy Agency (IEA) has shed light on the tumultuous state of Nigeria’s national power […]

Continue Reading
NGX crosses historic 100000 points as ASI appreciates by 3

NGX Hits Record 100,000 Points: ASI Surges by 3%

By Ifunanya / January 25, 2024

The Nigerian Exchange Limited achieved a significant milestone on Wednesday, with the All-Share Index surpassing 101,571.11 points, marking a remarkable […]

Continue Reading
Naira tumbles against US dollar at foreign exchange market

Nigeria’s Naira Takes a Hit Against the US Dollar in Foreign Exchange Markets

By Ifunanya / January 25, 2024

The Naira, Nigeria’s currency, faced a setback in the foreign exchange market on Wednesday as it weakened against the US […]

Continue Reading
Customers of revoked 183 financial institutions receive N17bn

Government Agencies Allocate Over N8.7 Billion for Software in 2024 Budget

By Ifunanya / January 25, 2024

Three key government agencies in Nigeria, namely the Nigeria Deposit Insurance Corporation (NDIC), the Federal Inland Revenue Service (FIRS), and […]

Continue Reading
FG projects N194tn revenue in 2024

Nigeria Targets N19.4 Trillion Tax Revenue in 2024

By Ifunanya / January 25, 2024

The Nigerian government has set an ambitious tax revenue target of N19.4 trillion for the year 2024, following a record-breaking […]

Continue Reading
NIS gives update on automated issuance of Nigerian passport

Nigeria Immigration Service Announces Passport Automation Update

By Ifunanya / January 24, 2024

The Nigeria Immigration Service (NIS) has provided a crucial update on the automated issuance of Nigerian passports. According to Wura-Ola […]

Continue Reading
CBN reviews timeline for issuance of credit letters amid forex

Nigeria’s Central Bank Anticipates Inflation Decrease to 21.4% by 2024

By Ifunanya / January 24, 2024

In a recent pronouncement, the Central Bank of Nigeria (CBN) projected a decline in the country’s inflation rate to 21.4% […]

Continue Reading
Saudi Arabia to open first alcohol store in capital –

Saudi Arabia Plans to Open First Alcohol Store in Riyadh Amidst Vision 2030 Reforms

By Ifunanya / January 24, 2024

In a groundbreaking move, Saudi Arabia is set to introduce its first-ever alcohol store in the capital city of Riyadh, […]

Continue Reading
Why petrol pump price will fall in 2024 CBN

Nigeria’s CBN Governor Predicts Dip in Petrol Pump Prices by 2024

By Ifunanya / January 24, 2024

Yemi Cardoso, the Central Bank of Nigeria’s Governor, made a bold projection that the pump price of petrol will decrease […]

Continue Reading
Scroll to Top