African Business News

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

Nasarawa Gov signs N199bn 2024 budget into law

Nasarawa Governor Approves N199 Billion Budget for 2024

By Ifunanya / December 30, 2023

Nasarawa State’s Governor, Abdullahi Sule, has officially signed off on the state’s N199.8 billion budget for the 2024 fiscal year. […]

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Forex inflow hits 11bn in two months – CBN

Nigeria’s Non-Oil Revenue Skyrockets by 67% to N4 Trillion, Hits Record High

By Ifunanya / December 30, 2023

The Central Bank of Nigeria has revealed in its third quarter report that the Federal Government has witnessed an unprecedented […]

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Dangote ranks second best performing Sub Saharan African company

Dangote Group Secures Second Spot Among Top Sub-Saharan African Companies

By Ifunanya / December 29, 2023

In a recent report by African Financials, Dangote Group has solidified its position as the second-best performing company in Sub-Saharan […]

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NGX bounces back gains 043 Tuesday

NGX Closes 2023 with Impressive 0.36% ASI Growth

By Ifunanya / December 29, 2023

The Nigeria Exchange Limited (NGX) concluded 2023 on a high note, with the All-Share Index (ASI) appreciating by 0.36%, reaching […]

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Nigeria to develop cNGN Stablecoin in 2024 – Report

Nigeria Plans to Introduce cNGN Stablecoin in 2024

By Ifunanya / December 29, 2023

Nigeria is set to establish a new digital currency known as cNGN, pegged to the country’s national currency, the Naira, […]

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FG unveils more motor parks eligible for 50 transport fare

Nigerian Government Introduces Additional Motor Parks for 50% Transport Fare Discounts

By Ifunanya / December 29, 2023

The Nigerian federal government has expanded the list of designated motor parks where travelers can benefit from a 50% discount […]

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Nigerias food prices soared in November 2023 NBS

Nigeria’s Food Prices Witness Significant Surge in November 2023

By Ifunanya / December 29, 2023

In November 2023, Nigeria experienced a substantial increase in the prices of staple food items, including beef, rice, beans, onion, […]

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Crude prices set to end 2023 10 lower amid concerns scaled

Crude prices set to end 2023 10% lower amid concerns

By Ifunanya / December 29, 2023

Unraveling the End-of-Year Spiral: Crude Oil Prices Set to Conclude 2023 with a 10% Dip As 2023 draws to a […]

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Nigerian Govt records N619trn from taxes in 2023s Q3

New Tax Law Aims to Propel Nigeria Towards N10 Trillion Revenue Goal

By Ifunanya / December 29, 2023

In a bid to achieve a staggering N10 trillion revenue, the Presidential Committee on Fiscal Policy and Tax Reforms in […]

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Ogun State Assembly Passes N703 Billion Budget for 2024

By Ifunanya / December 29, 2023

The Ogun State House of Assembly recently approved the 2024 Appropriation Bill, totaling N703 billion, following a thorough review of […]

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