African Business News

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

COP28 NNPCL signs two LNG deals

Combatting Illegal Refineries: Nigerian National Petroleum Company’s Efforts Unveiled

By Ifunanya / January 18, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has embarked on a relentless mission to eradicate illegal refinery sites and illegal […]

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FG seeks 15bn loans to shore up naira boost budget

Nigeria Seeks $1.5 Billion in World Bank Aid to Stabilize Economy and Strengthen Budget

By Ifunanya / January 18, 2024

Nigeria is actively pursuing a $1.5 billion financial assistance package from the World Bank to address the severe dollar shortage […]

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Naira slumps against US dollar at forex market

Naira Plummets Against US Dollar in Forex Market

By Ifunanya / January 18, 2024

The Naira has experienced a significant depreciation against the US Dollar in the foreign exchange market, marking a consecutive decline. […]

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Naira Nigerias external reserves shed 428bn in 2023

Central Bank of Nigeria Takes Tough Stance Against Forex Defaulters

By Ifunanya / January 18, 2024

The Central Bank of Nigeria (CBN) has announced its intention to crack down on individuals and entities who default on […]

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Nigerian Govt announces plan to suspend multiple taxation nationwide

Nigeria Moves to Halt Widespread Taxation Abuse

By Ifunanya / January 17, 2024

The Nigerian government is taking decisive steps to suspend multiple taxation nationwide, signaling a major breakthrough in tax reforms. The […]

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Few Defective Factory Products Or a Flood of Fake Rechargeable Fans into Nigeria?

By IDBM Consult / January 17, 2024

Jan. 17, 2024 Is it a case of a few factory-defective products that came as part of a huge bulk […]

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Nigerian govt will save N8 trillion from fuel subsidy forex

Nigeria to Save N8 Trillion Annually from Fuel Subsidy and Forex Reforms

By Ifunanya / January 17, 2024

A recent revelation by the Presidential Fiscal Policy and Tax Reforms Committee indicates that Nigeria’s federal government is set to […]

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Dangote refinery What Nigerians should expect on fuel price

The Impact of Dangote Refinery on Fuel Prices: Insights from Petroleum Retailers

By Ifunanya / January 17, 2024

The long-anticipated commencement of operations at the Dangote refinery has stirred up conversations about the potential effects on fuel prices […]

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NGX bounces back gains 043 Tuesday

Nigerian Stock Market Hits Record High: ASI Soars by 3.93%

By Ifunanya / January 17, 2024

The Nigerian Exchange Limited witnessed a significant surge as the All-Share Index (ASI) soared by 3.93%, reaching an all-time high […]

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NAssembly raises works ministry budget to over N1tn

National Assembly Boosts Ministry of Works Budget to Over N1 Trillion

By Ifunanya / January 17, 2024

The National Assembly has approved an increase in the budget allocation for the Ministry of Works, raising it from N657.3 […]

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