African Business News

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

NIN enrolment hits 10416m NIMC

Nigeria’s National Identity Enrollment Surges to 104.16 Million, Striving Towards World Bank Target

By Ifunanya / January 4, 2024

In a significant stride towards universal identification, Nigeria’s National Identity Number (NIN) enrollment has soared to 104.16 million as of […]

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Local rice price rise 73 in 12 months – NBS

Local Rice Prices Surge 73% in Nigeria, Driving Food Inflation

By Ifunanya / January 4, 2024

Amidst increasing production costs and logistical challenges, the price of local rice in Nigeria has surged by a staggering 73.2% […]

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Generations will pay from current Africas debt Obasanjo

Obasanjo Warns of Impending Burden: Future Generations to Inherit Africa’s Debt Crisis

By Ifunanya / January 4, 2024

In a stark warning, former Nigerian President Olusegun Obasanjo has underscored the inevitability of the next generations of Africans bearing […]

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South African billionaire Rupert displaces Nigerian Dangote to emerge Africas

South African Billionaire Johann Rupert Ousts Aliko Dangote as Africa’s Wealthiest Man

By Ifunanya / January 4, 2024

In a recent announcement by Forbes Magazine, South African tycoon Johann Rupert has surpassed Nigerian mogul Aliko Dangote to claim […]

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Hike in price of staple foods imminent in Nigeria

Nigeria and West Africa Brace for Surge in Staple Food Prices in 2024

By Ifunanya / January 3, 2024

A daunting forecast has emerged, indicating that Nigerians and other West African nations are set to face a significant spike […]

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NGX bounces back gains 043 Tuesday

The Nigeria Exchange Continues Bullish Trend, ASI Reaches All-Time High

By Ifunanya / January 3, 2024

The Nigeria Exchange Limited (NGX) witnessed a remarkable surge on Wednesday, with the All-Share Index (ASI) appreciating by 2.04%, soaring […]

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Nigeria other West African countries rice production to increase in

Rice Production Set to Surge in Nigeria and West Africa in 2024

By Ifunanya / January 3, 2024

In a recent report by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), it has been disclosed […]

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Nigerian Railway to increase daily train trips in 2024

Nigeria Railway Corporation Announces Night Operations Commencement

By Ifunanya / January 3, 2024

The Nigeria Railway Corporation (NRC) has unveiled its plan to initiate night operations by early 2024, aiming to expand passenger […]

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Stakeholders divided over proposed import ban on used vehicles

Controversy Surrounds Proposed Ban on Imported Used Vehicles Over 20 Years Old

By Ifunanya / January 3, 2024

Debate rages on following the proposal to outlaw the importation of used vehicles over 20 years old in the country. […]

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Manufacturers project 32 per cent economic growth in 2024

Nigeria’s Manufacturing Sector Anticipates 3.2% Economic Growth in 2024

By Ifunanya / January 3, 2024

The Manufacturers Association of Nigeria is optimistic about the country’s real sectoral growth, projecting a 3.2% increase in 2024. In […]

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