African Business News

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

DisCos need N2trn capital investment to improve power supply in

Nigeria Needs N2 Trillion Investment for Improved Power Supply, Says Federal Government Official

By Ifunanya / January 5, 2024

In a recent interview, Olu Verheijen, an energy advisor to President Bola Tinubu, revealed that electricity distribution companies in Nigeria […]

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NGX bounces back gains 043 Tuesday

NGX Surges With ASI Appreciating by 0.62%, Closing at 78,020.54 Points

By Ifunanya / January 5, 2024

The Nigeria Exchange Limited has once again witnessed an outstanding surge, with the All-Share Index (ASI) appreciating by 0.62%, reaching […]

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Naira records first gain in 2024 against US dollar at

Naira Surges Against US Dollar in 2024 Forex Market Revival

By Ifunanya / January 5, 2024

In a significant turn of events, the Naira saw its first major upturn of 2024, gaining ground against the US […]

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FG partners Chinese firm to revive steel industry

Reviving Nigeria’s Steel Industry: FG Teams Up with Chinese Firm to Boost Manufacturing and National Security

By Ifunanya / January 4, 2024

In a strategic move to transform Nigeria’s industrial landscape, the Federal Government has entered into talks with Luan Steel Holding […]

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Nigeria’s Economic Outlook: CPPE Forecasts Brighter Future for 2024

By Ifunanya / January 4, 2024

The Centre for the Promotion of Private Enterprise (CPPE) has projected a positive trajectory for Nigeria’s economy in 2024. According […]

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No going back on N5trn revenue target in 2024 Customs

Customs Affirms Unwavering Commitment to N5 Trillion Revenue Target by 2024

By Ifunanya / January 4, 2024

In a resolute declaration, the Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, has asserted the unyielding determination of the service […]

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MAN blames business environment as syringe manufacturer exits Nigeria

Challenges in Business Environment Lead to Exit of Syringe Manufacturer from Nigeria

By Ifunanya / January 4, 2024

Nigeria, often considered a land of opportunity for multinational companies, faces another setback as Jubilee Syringe Manufacturing, the once-largest syringe […]

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Oyo Osun boundary dispute Adeleke sues for peace

Osun Governor, Ademola Adeleke, Vows to Drive Mining Sector Reforms for State’s Economic Growth

By Ifunanya / January 4, 2024

Osun State Governor Ademola Adeleke has affirmed his commitment to advancing the reform agenda within the state’s mining sector, with […]

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Marketers give fresh update on fuel pump increase in Nigeria

Fresh Update on Fuel Price in Nigeria: IPMAN Clarifies Rumors of Increase

By Ifunanya / January 4, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has addressed the recent uproar over alleged fuel price increases in the […]

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Nigeria Customs Service Reports Record Revenue Generation in Kano and Jigawa

By Ifunanya / January 4, 2024

The Nigeria Customs Service, Kano/Jigawa Command, has achieved a significant milestone by generating an impressive N52.7 billion in revenue for […]

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