Nigeria spent N3.57tn on debt servicing in Q3, 2024 – DMO
Nigeria’s total debt service costs, which include external and domestic obligations, rose to N3.57 trillion in the third quarter of […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Women-led businesses, agriculture to benefit from $35m FCMB deal
By – Usman Lawal Photo credited – Proparco Proparco has deepened its partnership with First City Monument Bank (FCMB) by
Yobe opens sesame seed factories to boost economic activities, create jobs
The Yobe State Government has inaugurated four modern sesame seed processing factories to boost economic activities and create jobs across
Nigerian telcos give update on 50% telecoms tariff hike
Telecommunications companies operating in Nigeria have revealed that they will soon commence charging subscribers the 50 percent call, data, and
African Business News
Grain prices drop in Gombe markets as traders experience low patronage
Prices of grains have dropped in Gombe markets due to a decline in demand for the produce.Visits to the Gombe
CBN okays release of FX code
The Central Bank of Nigeria, CBN, has approved the release of the Nigerian Foreign Exchange, FX Code. According to the
African Business News
Naira gains significantly against dollar on black market
The naira firmed up significantly against the dollar at parallel foreign exchange markets on Wednesday. A Bureau de Change operator,
NEITI backs 2024 tax reform bill
The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its full support for the 2024 Tax Reform Bill currently before
African Business News
Nigerian airline secures IATA certification
A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit, IOSA, certification. The company made this
NNPC jerks up fuel price
The Nigerian National Petroleum Company Limited has increased the price of Premium Motor Spirit, petrol, across its retail outlets. Media
How Trump’s policy will impact petrol prices, Naira – CPPE
The Centre for the Promotion of Private Enterprise has explained the implications of United States President, Donald Trump’s administration on
African Business News
Naira drops against dollar on official, black markets
The naira dipped against the dollar in both official and parallel foreign exchange markets on Tuesday. FMDQ data showed that