African Business News

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

BYD overtakes Tesla as worlds top electric vehicles maker

BYD Surpasses Tesla as Global Leader in Electric Vehicle Production

By Ifunanya / January 2, 2024

According to recently released sales figures, Chinese electric vehicle manufacturer BYD has dethroned its American counterpart, Tesla, as the world’s […]

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Nigerias capital importation fell by 36 to 65465m in Q3

Nigeria’s Capital Importation Plummets by 36% to $654.65 Million in Q3 2023

By Ifunanya / January 2, 2024

Nigeria experienced a significant 36.45% decline in total capital importation, dropping to $654.65 million in the third quarter of 2023 […]

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Bitcoin Breaks $45,000 Barrier, Signaling Crypto Market Resurgence

By Ifunanya / January 2, 2024

In a remarkable turn of events, Bitcoin, the pioneering cryptocurrency, soared past the $45,000 mark on Tuesday, marking its highest […]

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Dangote refinery gets another one million crude barrels

Dangote Refinery: Milestone Achieved with Fourth Shipment of Crude Oil

By Ifunanya / January 2, 2024

The Dangote Petroleum Refinery reached a significant milestone on Monday with the arrival of its fourth shipment of one million […]

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NAFDAC clears the air on registration status of products

NAFDAC’s Initiatives to Bolster MSMEs Amid Economic Challenges

By Ifunanya / January 2, 2024

The National Agency for Food and Drug Administration and Control (NAFDAC) has unveiled a series of measures to assist Micro, […]

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School feeding to gulp N100bn in 2024 Tinubu

Bola Tinubu Unveils N100 Billion School Feeding Program in 2024 Budget Signing

By Ifunanya / January 2, 2024

In a landmark move, President Bola Tinubu recently revealed that the 2024 budget includes a staggering N100 billion allocation for […]

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FG insists on electricity subsidy amid call for tariff hike scaled

Nigeria Stands Firm on Electricity Subsidy Amidst Calls for Tariff Increase

By Ifunanya / January 2, 2024

The Nigerian government is resolute on maintaining electricity subsidies in the face of mounting pressure for tariff hikes within the […]

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Intervene in Rivers crisis APC chieftain urges Tinubu

Nigeria’s Economic Rollercoaster in 2023 Under President Tinubu’s Administration

By Ifunanya / January 2, 2024

As we reflect on the year 2023, it was a period of immense challenges and transitions for Nigeria’s economy under […]

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Winners emerge in FCMB millionaire promo

FCMB’s Millionaire Promo Season 9: Celebrating the Triumph of 10 Lucky Winners

By Ifunanya / January 2, 2024

In a thrilling culmination to the First City Monument Bank (FCMB) Millionaire Promo Season 9, ten fortunate individuals have clinched […]

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2024 budget Tinubu gives marching order to MDAs on performance

2024 budget: Tinubu gives marching order to MDAs on performance report

By Ifunanya / January 1, 2024

Tinubu Urges Government Agencies to Provide Monthly Budget Performance Reports Nigeria’s President, Bola Ahmed Tinubu, has issued a directive to […]

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