African Business News

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SERAP drags NNPC to court over failure to account for

Legal Action Initiated Against NNPC Over Lack of Transparency in Nigeria’s Oil Revenue

By Ifunanya / December 24, 2023

In a significant legal move, the Socio-Economic Rights and Accountability Project (SERAP) has taken the Nigerian National Petroleum Company Limited […]

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African smartphone market grows 12 in Q3 2023—Report

The Resilient Growth of Africa’s Smartphone Market: Key Insights from Q3 2023

By Ifunanya / December 23, 2023

The African smartphone market has defied macroeconomic challenges and import limitations to achieve a remarkable 12% growth in the third […]

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Oil producing states get N75410bn as 13 per cent derivation

The Impact of Nigeria’s Foreign Exchange Reform: N1.4 Trillion in Revenue Generated in 6 Months

By Ifunanya / December 23, 2023

Nigeria’s financial landscape has witnessed a significant transformation, with the government recording a substantial surge in revenue following the implementation […]

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Forex gain adds N137tn to govt revenue – FAAC

Forex Windfall: Nigeria’s Exchange Rate Unification Boosts Government Revenue by N1.37 Trillion

By Ifunanya / December 23, 2023

In a major financial windfall for the Nigerian government, the unification of the country’s exchange rate has led to a […]

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BREAKING Ex CBN governor Emefiele freed from Kuje prison

Former CBN Chief, Godwin Emefiele, Released from Kuje Prison

By Ifunanya / December 23, 2023

After meeting his bail conditions, the former Governor of the Central Bank of Nigeria, Godwin Emefiele, has been freed from […]

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NNPCL announces date to complete Port Harcourt Refinery Phase 2 repair

NNPCL Set to Complete Port Harcourt Refinery Phase 2 Repair by End of 2024

By Ifunanya / December 23, 2023

The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to finalize the Phase 2 repair of the Port Harcourt […]

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Naira drops against US Dollar at forex market ahead of

Naira Slumps Against US Dollar Ahead of Christmas Festivities in Nigeria

By Ifunanya / December 23, 2023

As Nigeria prepared to celebrate Christmas, the Naira suffered a setback against the US dollar in the foreign exchange markets. […]

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NGX bounces back gains 043 Tuesday

Christmas Break Leaves NGX in Bearish Territory: ASI Declines by 0.36%

By Ifunanya / December 23, 2023

As the holiday season grips the nation, the Nigerian Exchange Group (NGX) experienced a bearish trend on its last trading […]

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CBN Buharis ex aide directed Emefiele to redesign Naira notes

CBN Investigator: FG Set to Recover Illegally Sold Banks, Emefiele Implicated

By Ifunanya / December 23, 2023

A sensational revelation has emerged from the ongoing investigation into the Central Bank of Nigeria (CBN), shedding light on the […]

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CBN lifts ban on cryptocurrency transactions

Central Bank of Nigeria Reverses Cryptocurrency Transaction Ban

By Ifunanya / December 23, 2023

The Central Bank of Nigeria (CBN) has made a significant U-turn on its stance regarding cryptocurrency transactions in the country. […]

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