African Business News

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

I will strenghten education system revitalise Nigerian economy President

President Tinubu Issues Stern Warning to NNPCL Board: ‘Perform or Face Dissolution’

By Ifunanya / December 18, 2023

President Bola Tinubu has issued a stern warning to the newly inaugurated Board of the Nigerian National Petroleum Company Limited […]

Continue Reading
TikTok gives reasons for deleting 14m videos uploaded by Nigerian

TikTok Deletes 1.4 Million Videos by Nigerian Users, Takes Aim at Fraudulent Activities

By Ifunanya / December 18, 2023

TikTok, the popular short video platform under the ownership of Bytedance, has disclosed the deletion of 1.4 million videos uploaded […]

Continue Reading
Core banking will drive growth in 2024 – Vetiva

The Future of Banking: Vetiva Predicts Core Banking as Key Driver of Growth in 2024

By Ifunanya / December 18, 2023

As we look to the future of the banking industry, Olumide Sole, the sub-Saharan banking research analyst at Vetiva Capital […]

Continue Reading
999 households yet to receive FGs cash transfer – WBank

The World Bank Reports 99.9% of Nigerian Households Yet to Receive Government’s Cash Transfer

By Ifunanya / December 18, 2023

Recent findings from the World Bank have revealed that a staggering 99.9% of the targeted impoverished and vulnerable households in […]

Continue Reading
World Bank reveals real pump price of fuel without Nigerian

World Bank: Only 1.5 Million Out of 15 Million Nigerian Households Receive FG’s N25,000 Cash Transfer

By Ifunanya / December 18, 2023

The World Bank has revealed that only 1.5 million out of the 15 million vulnerable households targeted in Nigeria have […]

Continue Reading
Electricity Nigeria Govt spends N3758bn on subsidies consumers pay N7828

The Truth Behind Nigeria’s Electricity Subsidies: Exploring the Impact on Government Spending and Consumer Payments

By Ifunanya / December 18, 2023

In the first nine months of the year, the Nigerian government allocated a staggering N375.8 billion to electricity subsidies, while […]

Continue Reading
Fuel price will soon collapse Stakeholders

Fuel price: NLC, PDP, LP issue stern warning as World Bank recommends N750/litre

By Ifunanya / December 18, 2023

World Bank Urges Nigeria to Consider N750/litre Fuel Price Amid Backlash from Key Stakeholders Nigerians are in for tougher times […]

Continue Reading
Customs vows to end ports clearance delays other challenges

Transforming Ports: Nigerian Customs’ Pledge to Streamline Clearance Processes

By Ifunanya / December 17, 2023

The Comptroller-General of Customs, Adewale Adeniyi, has made a resolute commitment to tackling the challenges plaguing clearance processes at ports […]

Continue Reading
Oil producing states get N75410bn as 13 per cent derivation

The Nigerian Oil Sector: A Windfall for Oil-Producing States

By Ifunanya / December 17, 2023

In November 2023, Nigeria’s oil-producing states struck gold as they received a staggering N75.410 billion, a 13 percent share of […]

Continue Reading
Customers of revoked 183 financial institutions receive N17bn

NDIC Pays N1.7bn to Customers of Revoked Financial Institutions

By Ifunanya / December 17, 2023

The Nigeria Deposit Insurance Corporation (NDIC) has taken swift action to compensate customers affected by the revocation of licenses from […]

Continue Reading
Scroll to Top