African Business News

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

Dangote investors gain N514bn after refinery takeoff

Dangote Refinery Welcomes Three Major Oil Marketers Associations as Distributors

By Ifunanya / January 23, 2024

The Dangote Petroleum Refinery has taken a significant step by registering three prominent oil marketer associations in Nigeria as its […]

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Nigerian exchange market appreciates by 131

Nigerian Stock Market Surges, All-Share Index Reaches New High

By Ifunanya / January 23, 2024

The Nigerian Exchange Limited has showcased remarkable resilience, with the All-Share Index surging by 1.31% on Monday to reach an […]

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CBN to increase banks capital base to N907bn Report

CBN Proposes Monumental Increase in Banks’ Capital Base to Drive Economic Growth

By Ifunanya / January 23, 2024

The Central Bank of Nigeria (CBN) is on the verge of implementing a groundbreaking change that could reshape the country’s […]

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Naira depreciates against US Dollar at forex market

Naira Falls Further Against US Dollar, Hits N925.34 at Forex Market

By Ifunanya / January 23, 2024

The Nigerian Naira has continued its decline against the US dollar in the foreign exchange market. According to data from […]

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Nigerians languish in poverty as inflation rises unfettered under Tinubu

Nigeria’s Economic Struggles Under President Tinubu: Battling Rampant Inflation and Soaring Poverty Rates

By Ifunanya / January 23, 2024

The persistent economic turmoil in Nigeria has taken a heavy toll on its citizens, with inflation reaching unprecedented levels and […]

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Foreign airlines decry lingering forex crisis as backlog mounts

Foreign Airlines Struggle Amid Lingering Forex Crisis in Nigeria

By Ifunanya / January 23, 2024

Foreign airlines are facing a mounting challenge in Nigeria as they grapple with a prolonged forex crisis, raising concerns of […]

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Average price of cooking gas increases by 870 annually

Global Cooking Gas Prices Surge by 8.70% Annually, Reaching Record Highs

By Ifunanya / January 22, 2024

The average price of 5kg of Liquified Natural Gas (LNG), commonly known as cooking gas, has soared by 8.70% to […]

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Dangote Cement emerges first stock to hit N10tn capitalisation on

Dangote Cement’s Market Cap Hits N10tn, a Historic Milestone for NGX

By Ifunanya / January 22, 2024

Dangote Cement, a major player on the Nigerian Exchange (NGX), achieved a historic milestone as it became the first company […]

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Dangote Cement emerges first stock to hit N10tn capitalisation on

Dangote Cement: First Stock to Achieve N10tn Capitalisation Milestone on NGX

By Ifunanya / January 22, 2024

At the close of trading on Monday, Dangote Cement’s market capitalisation surged to N10tn, making history on the Nigerian Exchange […]

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British Council Raises IELTS Exam Fees in Nigeria for the Second Time in Five Months

By Ifunanya / January 22, 2024

The British Council in Nigeria has announced a significant increase in the fees for the International English Language Testing System […]

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