African Business News

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

Tinubu tax panel asks states to suspend low revenue taxes

Tinubu-Led Committee Urges Suspension of Low-Revenue Taxes Across Nigerian States

By Ifunanya / January 22, 2024

The Presidential Committee on Fiscal Policy and Tax Reforms has taken a significant step towards enhancing Nigeria’s tax system. By […]

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Telcos spending on diesel rises by 35 hits N429bn

Telcos’ Spending on Diesel Soars by 35%, Reaching N429 Billion

By Ifunanya / January 21, 2024

An unprecedented surge in diesel prices has led to a substantial 35% increase in the expenditure of fueling Nigeria’s communication […]

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Kano Internal Revenue Service debunks sacking eight directors

Kano State Revenue Service Denies Dismissing Eight Directors

By Ifunanya / January 21, 2024

The Kano State Internal Revenue Service has vehemently refuted claims of dismissing eight of its directors, labeling the reports as […]

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Naira gains against US Dollar at forex market

Naira’s Slight Dip Against US Dollar Raises Concerns

By Ifunanya / January 20, 2024

The naira witnessed a marginal depreciation in the foreign exchange market, with data from FMDQ revealing a shift to N902.45 […]

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14 firms record 34671bn profits from fossil fuel in 12

Exposing the Profiteering: Fossil Fuel Giants Rake in $346.71bn in 12 Months

By Ifunanya / January 20, 2024

A recent report by ActionAid has lifted the veil on the staggering profits amassed by fourteen fossil fuel companies over […]

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Power Outage Alert: AEDC Announces Blackout in Gwarimpa, Abuja

By Ifunanya / January 20, 2024

Residents of Gwarimpa, the capital of Nigeria, are facing a major power outage as the Abuja Electricity Distribution Company (AEDC) […]

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321867 Nigerian small businesses received 14 funding in six years scaled

World Bank Report: Internet Access Reduces Extreme Poverty by 7% in Nigeria and Tanzania

By Ifunanya / January 20, 2024

A recent report by the World Bank titled “Digital Transformation Drives Development in Africa” reveals that improved access to internet […]

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14 fossil fuel firms rake in 346bn profit – Report

Global Fossil Fuel Giants Amass $346 Billion in Windfall Profits, Igniting Calls for Climate Action

By Ifunanya / January 20, 2024

According to a recent report by ActionAid, 14 fossil fuel companies have collectively amassed a staggering $346.713 billion in profits […]

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Aviation workers support relocation of FAAN headquarters to Lagos

Aviation Workers Rally in Support of FAAN Headquarters Relocation to Lagos

By Ifunanya / January 19, 2024

The decision by the Federal Airports Authority of Nigeria (FAAN) to move its corporate headquarters from Abuja to Lagos has […]

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Centre demands resignation of CBN Gov as naira continues free

Central Bank Governor Faces Calls to Resign as Nigerian Naira Plummets

By Ifunanya / January 19, 2024

The Centre for Social Justice, Equity, and Transparency (CESJET) has issued a demand for the resignation of Central Bank of […]

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