African Business News

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

15 multinationals exit Nigeria in three years – NECA

Global Corporations’ Exodus from Nigeria: A Growing Concern for Economy and Employment

By Ifunanya / January 10, 2024

The Nigeria Employers’ Consultative Association (NECA), the apex organization representing employers in Nigeria, has raised an alarm over the exodus […]

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World Bank reveals real pump price of fuel without Nigerian

World Bank Forecasts Nigeria’s Economy to Grow by 3.3% in 2024

By Ifunanya / January 10, 2024

The World Bank, based in Washington, has announced its projection for Nigeria’s economy to experience a 3.3% growth in the […]

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Naira slumps against US dollar at forex market

Nigerian Naira Plummets to N1,089 Against US Dollar, Sparking Economic Concerns

By Ifunanya / January 10, 2024

In a concerning economic twist, the Nigerian Naira stumbled to N1,089.51 against the US dollar at the official foreign exchange […]

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20000 jobs lost to exit of 15 firms from Nigeria

Impact of Multinational Companies’ Exit: 20,000 Jobs Lost in 3 Years – NECA

By Ifunanya / January 10, 2024

In a recent revelation, Nigeria Employers’ Consultative Association (NECA) has brought to light the harrowing exodus of 15 multinational companies […]

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NGX bounces back gains 043 Tuesday

Record 3.57% Gain for Nigerian Exchange as NGX Continues Bullish Trend

By Ifunanya / January 10, 2024

The Nigerian Exchange Limited experienced a remarkable upsurge on Tuesday, with the All-Share Index (ASI) soaring by 3.57%, marking its […]

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Well tackle pressure on foreign exchange FG

Government Takes Action to Ease Foreign Exchange Pressure in Nigeria

By Ifunanya / January 9, 2024

The Nigerian government has unveiled plans to address the challenges stemming from foreign exchange pressure in the country. Dr. Doris […]

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Betta Edu scandal EFCC grills CEOs of Zenith Providus Jaiz

EFCC Summons Bank CEOs for Questioning in Betta Edu Scandal

By Ifunanya / January 9, 2024

Three chief executives of prominent Nigerian banks, Ebenezer Onyeagwu (Zenith Bank), Walter Akpani (Providus Bank), and Haruna Musa (Jaiz Bank), […]

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Well tackle pressure on foreign exchange FG

FG Pledges Action to Alleviate Foreign Exchange Pressure

By Ifunanya / January 9, 2024

The Federal Government has pledged to address the challenges of unemployment and pressure on foreign exchange, and to advance economic […]

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Aliko Dangote Regains Title as Africa’s Richest Person

By Ifunanya / January 9, 2024

Nigeria’s business mogul Aliko Dangote has once again secured his position as the wealthiest individual in Africa, reclaiming the top […]

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NGX bounces back gains 043 Tuesday

NGX Hits Record-Breaking 80 Million Mark as ASI Surges by 0.83%

By Ifunanya / January 9, 2024

In a groundbreaking achievement, the Nigerians Exchange Limited (NGX) reached an unprecedented milestone, with the All-Share Index (ASI) concluding at […]

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