African Business News

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

NGX records N259bn market capitalization loss

Nigerian Stock Exchange Rebounds with 0.66% Increase

By Ifunanya / January 11, 2024

The Nigerian Exchange Limited witnessed a remarkable rebound, with the All-Share Index surging by 0.66% or 540.88 points to conclude […]

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Nigerians with BVN hit 603m amid CBN deadline

Nigeria’s BVN Enrollment Soars to 60.3 Million Ahead of CBN’s Deadline

By Ifunanya / January 11, 2024

In a race against time, Nigerian bank customers are flocking to register for the Bank Verification Number (BVN), with figures […]

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Naira slumps against US dollar at forex market

Naira Makes Modest Gains Against US Dollar in Forex Market

By Ifunanya / January 11, 2024

The Naira saw a slight improvement against the US dollar in the foreign exchange market on Wednesday. According to data […]

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Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

Nigeria Budgets N450bn for 2024 Electricity Interventions and Subsidies

By Ifunanya / January 11, 2024

In 2024, the Nigerian Federal Government plans to allocate a staggering N450 billion towards power subsidies and interventions, as revealed […]

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999 households yet to receive FGs cash transfer – WBank

World Bank Forecasts 2.3% Growth in Global Trade for 2024

By Ifunanya / January 11, 2024

Global trade is anticipated to experience a 2.3% growth in 2024, a significant rebound from the stagnant pace witnessed in […]

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NAFDAC announces stringent requirements for pharmaceutical products registration

NAFDAC’s New Rules for Pharmaceutical Product Registration Set to Raise Quality Standards

By Ifunanya / January 10, 2024

The National Agency for Food and Drug Administration and Control (NAFDAC) recently made a groundbreaking announcement about the stringent requirements […]

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CBN lifts ban on cryptocurrency transactions

CBN Dismisses Boards of Union, Titan Trust, Keystone, Polaris Banks

By Ifunanya / January 10, 2024

In a dramatic turn of events, the Central Bank of Nigeria (CBN) has wielded its authority by sacking the boards […]

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NNPCL announces N25trn profit Daily Post Nigeria

NNPCL Shatters Records with N2.5 Trillion Profit Surge

By Ifunanya / January 10, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has made headlines by revealing a staggering profit of N2.548 trillion in 2022, […]

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Bitcoin price surges before tumbling after fake US SEC post

Bitcoin Surges to $48,000 on Fake SEC Post, Plunges After Confirmation

By Ifunanya / January 10, 2024

Bitcoin, the popular cryptocurrency, experienced a significant surge in value, reaching nearly $48,000 on Tuesday. This surge was triggered by […]

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Banks to disconnect non deposit financial institutions from transfer

Nigerian Naira Plummets to N1089 Against US Dollar on Official I&E Window

By Ifunanya / January 10, 2024

The value of the Nigerian naira tumbled to N1089.51 per US dollar on the official Investor and Exporter window, marking […]

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