Inefficiencies reason for investment loss in Nigeria, others – W’bank
The Washington-based World Bank has revealed that inefficiencies in public spending are costing Nigeria and other developing nations a significant […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Naira appreciates against dollar after Christmas holidays
The naira appreciated against the dollar at the foreign exchange market upon resumption of work after the Christmas holidays. FMDQ
African Business News
China, Nigeria renew currency swap agreement
China’s central bank revealed on Friday that it has renewed a bilateral currency swap agreement with its counterpart in Nigeria,
African Business News
Strive to build fair, transparent capital market – SEC DG to stakeholders
The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has advised shareholders in the capital market to strive
Nigeria’s FX turnover surges to N23.95tn
The total foreign exchange market turnover increased to $14.39 billion (N23.95 trillion) at the end of November 2024. This is
African Business News
Real reason fuel price was reduced to N899/litre — Dangote
President of Dangote Group, Aliko Dangote, has explained that the reduction in the price of petrol from his refinery was
African Business News
FCT-IRS records N252.83bn from internally generated revenue in 2024
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record collection of N252.83 billion in Internally Generated Revenue
African Business News
2025: 5 percent inflation rate possible in Nigeria with $50bn FDI – Teriba
Popular Nigerian economist and Chief Executive of Economic Associates (EA), Ayo Teriba, says it is possible to bring Nigeria’s inflation
FG spent N8.73bn on power supply for Nnamdi Azikiwe Int’l Airport, Abuja — Report
The Federal Government of Nigeria spent N8.73 billion on airport power infrastructure in 2024, according to BudgIT’s report. The expenditure
African Business News
Christmas: FG subsidized transport cost for 144 routes, secured roads – Tinubu
President Bola Tinubu has disclosed that his administration has subsidized road transport costs on 144 routes across Nigeria during the
African Business News
Christmas: Naira strengthens against dollar on black market
The naira strengthened marginally against the dollar in the parallel foreign exchange market on Tuesday, Christmas Eve. A Bureau de
African Business News
Again NNPCL reduces fuel price
The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its retail price for Premium Motor Spirit, PMS, to N965