African Business News

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

Naira slumps against US dollar at forex market

The Naira Gains Ground Against the US Dollar in 2024

By Ifunanya / January 9, 2024

The Naira, Nigeria’s currency, showed resilience as it recorded its third consecutive gain against the US dollar in the official […]

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Naira scarcity ATM usage dropped by 40 per cent in

Naira Scarcity Triggers 40% Drop in ATM Usage, Boosts Digital Payments – KPMG Report

By Ifunanya / January 9, 2024

A recent report by KPMG has revealed a significant 40% decline in the usage of Automated Teller Machines (ATMs) in […]

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ARCON lambasted for punishing Media Talk Africa advertiser agency raises kangaroo tribunal

Controversy Surrounds ARCON’s Actions Against Media Talk Africa Advertiser: Legal Community and Industry Leaders Voice Concerns

By Ifunanya / January 9, 2024

A recent move by the Advertising Regulatory Council of Nigeria (ARCON) to punish an advertiser and summon The Ambassadors College […]

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NERC dissolves Kaduna Disco board over N110bn debt

The Dissolution of Kaduna Disco Board: NERC Acts Over N110bn Debt

By Ifunanya / January 8, 2024

Kaduna Electricity Distribution Company’s board of directors has been dissolved by the Nigerian Electricity Regulatory Commission (NERC) due to the […]

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Hashidu resumes as MD of KAEDC amid N110bn debts

Hashidu Assumes Role as CEO of KAEDC Amid N110 Billion Debt Crisis

By Ifunanya / January 8, 2024

In a significant development, Unar Hashidu has taken the reins as the Chief Executive Officer of the Kaduna Electricity Distribution […]

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US employers hired more workers in December Report

US Employers Surpass Hiring Expectations: Labor Market Resilience Prevails

By Ifunanya / January 8, 2024

The latest employment report from the United States has revealed that employers surpassed expectations by hiring more workers in December […]

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US Africa Trade Council announces new identity to boost investment

US-Africa Trade Commission Unveiled to Enhance Bilateral Trade Relations

By Ifunanya / January 8, 2024

In a significant move aimed at bolstering investment and trade partnerships, the United States Africa Trade Council has rebranded itself […]

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Advertisers kick as ARCON summons school over advert

Controversy Erupts as School Faces Regulatory Council’s Wrath Over Advert

By Ifunanya / January 8, 2024

Advertisting in Nigeria has been thrown into the spotlight as the Advertising Regulatory Council (ARCON) summons The Ambassadors College, an […]

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N585m scandal Sack Betta Edu if you are serious about

SERAP Threatens Legal Action Over Alleged N585m Payment Scandal

By Ifunanya / January 7, 2024

Socio-Economic Rights and Accountability Project (SERAP) has issued a stern ultimatum to President Bola Ahmed Tinubu, warning of potential legal […]

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Emefiele Dangote Group clarifies EFCC visit to Head Office

Dangote Group’s Response to EFCC Visit Amid Forex Allocation Probe

By Ifunanya / January 7, 2024

The Dangote Group, led by Chairman Aliko Dangote, has provided clarity regarding the recent visit of the Economic and Financial […]

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