African Business News

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

Port Harcourt refinery has commenced operations – Nigerian Govt

Nigeria Accelerates Energy Transition with Innovative Gas Leak Detection Technology

By Ifunanya / December 21, 2023

Nigeria is taking a significant step forward in its energy transition journey with the deployment of cutting-edge gas leak protection […]

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Illegal loan apps use PSSPs to executive transactions FCCPC

Federal Competition and Consumer Protection Commission Generates N56 Billion in 2023

By Ifunanya / December 21, 2023

In 2023, the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria reported an impressive Internally Generated Revenue (IGR) of […]

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Petrol price rose to N64893 in November NBS

NBS Report: Petrol Price Soars to N648.93 per Litre, Diesel Hits N1055.57 in November 2023

By Ifunanya / December 21, 2023

The National Bureau of Statistics (NBS) has released alarming data in its Petrol Price Watch and Diesel Price Watch reports […]

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FG cuts external borrowing debt soars to N88tn

Nigeria’s Public Debt Hits N88 Trillion as External Borrowing Slows Down

By Ifunanya / December 21, 2023

The latest data from Nigeria’s Debt Management Office reveals a significant shift in the country’s approach to borrowing, signaling a […]

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Naira depreciates against US Dollar at forex market

Naira’s Fluctuations: Official Market Sees Depreciation, Parallel Market Gains

By Ifunanya / December 21, 2023

The Naira, Nigeria’s currency, witnessed a slight depreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the […]

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Nigerias ease of doing business Customs announces vision to Diplomats

Nigeria Customs Service Unveils Vision for Enhanced Business Environment

By Ifunanya / December 21, 2023

The Nigeria Customs Service (NCS) has set its sights on streamlining service delivery and bolstering the country’s business landscape. In […]

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FG unveils plans to reduce hardship improve living standards

Government Unveils Ambitious Plan to Ease Financial Hardships and Boost Living Standards

By Ifunanya / December 21, 2023

In a bold move to address the financial burdens faced by Nigerian citizens and improve their quality of life, Finance […]

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NGX records N259bn market capitalization loss

Record Market Capitalization and All-Share Index Surge Propel NGX to Historic Highs

By Ifunanya / December 21, 2023

The Nigerian Exchange Limited witnessed a remarkable surge on Wednesday, with the All-Share Index soaring to an all-time high of […]

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AIICO purchases 5 stake in InfraCredit

AIICO’s Acquisition: Strengthening InfraCredit’s Financial Might

By Ifunanya / December 20, 2023

AIICO Insurance Plc has made a significant financial move by acquiring a 5% stake in InfraCredit, thereby becoming the second […]

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Minister denies advocating exemption of women from taxation

Minister Uju Ohanenye Refutes Advocacy for Women’s Tax Exemption

By Ifunanya / December 20, 2023

In a staunch rebuttal, Minister of Women Affairs, Uju Ohanenye, disavowed the notion that she advocated for women to be […]

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