Comply with FG’s cash policy or risk access to funding – Edun warns MDAs
Nigeria’s Minister of Finance, Wale Edun, has warned the federal government’s ministries, departments, and agencies to comply with the revised […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira gains massively, hits N1,485.95 per dollar
The naira recorded massive gains, the highest in months, to continue its appreciation streak against the dollar on the foreign
Tariff hike: Nigerian govt snubs subscribers, as NLC mobilizes to shut economy
The Nigerian government has ignored calls by Nigerians and telecommunications subscribers to either reverse or slash the telecom tariff hike
Benue rakes in N2.2 billion IGR monthly
The Benue Internal Revenue Service, BIRS, has raked in N2.2b as Internally Generated Revenue, IGR, from December to January. This
Nigeria’s e-transactions hit N1.07 quadrillion – NIBSS
Nigeria’s electronic payment transactions hit a historic high of N1.07 quadrillion in 2024. This feast was revealed in recent data
Canada announces sixth interest rate cut
The Bank of Canada on Wednesday further cut its interest rate by 25 basis points, bringing the country’s monetary policy
NIWA plans to grow its revenue above 200% in 2025
The National Inland Waterways Authority, NIWA, on Wednesday disclosed that it will grow its revenue by over 200 per cent
Naira strengthens further against dollar for second consecutive day
The naira further firmed up against the dollar at the foreign exchange market on Wednesday, marking the second consecutive day
African Business News
Cardoso warns Nigerian banks, BDC operators over FX Code compliance
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has issued a stern warning to commercial banks and Bureau De
African Business News
Nigeria secures $1.1 AfDB loan to provide electricity for 5m people
Nigeria has secured a $1.1 billion loan from the African Development Bank to provide electricity for 5 million people by
African Business News
PETROAN reacts as NMDPRA issues gas distribution licences to marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has said the issuance of gas distribution licences to petroleum
African Business News
AEDC announces outage in Abuja
Abuja Electricity Distribution Company, AEDC, has confirmed a power outage in parts of the Federal Capital Territory, Abuja. AEDC disclosed