African Business News

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

NGX records N259bn market capitalization loss

Historic Milestone: ASI Surpasses 72-Point Mark, Yielding N215 Billion for Investors on NGX

By Ifunanya / December 14, 2023

The Nigerian stock market witnessed a momentous surge as the Nigerian Exchange Limited’s All-Share Index (ASI) skyrocketed by 0.55%, breaching […]

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Businesses are going online NEPC urges SMEs to embrace

Businesses are going online – NEPC urges SMEs to embrace e-Commerce

By Ifunanya / December 13, 2023

— Businesses Urged to Embrace E-Commerce for Growth, Says NEPC Micro, medium, and small-scale enterprises have been urged to embrace […]

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Gov Sanwo Olu presents N22trn 2024 budget to Assembly

The 2024 Lagos State Budget: A Beacon of Renewal

By Ifunanya / December 13, 2023

On a momentous Wednesday, Lagos State Governor Babajide Sanwo-Olu unveiled a bold vision for the future, presenting the esteemed Lagos […]

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2023 FG might pay N600bn as electricity subsidy NERC

The Future of Nigerian Electricity: N600bn Subsidy and the Quest for Renewables

By Ifunanya / December 13, 2023

At the heart of Nigeria’s electricity landscape lies a pressing concern: the likelihood of the federal government paying N600 billion […]

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World Bank reveals real pump price of fuel without Nigerian

The True Cost of Fuel: World Bank Exposes Nigeria’s Subsidy Reality

By Ifunanya / December 13, 2023

In a recent revelation, the World Bank has spotlighted Nigeria’s ongoing fuel subsidies, despite the current pump prices not reflecting […]

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Cash shortage Calabar PoS operators increase charges by 100

Zamfara PoS Operators Struggle as Naira Scarcity Imperils Business Survival

By Ifunanya / December 13, 2023

Operators of Point of Sale (PoS) shops in Zamfara State are grappling with the adverse effects of the prevailing Naira […]

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Cash shortage Calabar PoS operators increase charges by 100

Naira Scarcity Triggers 100% Increase in PoS Service Charges Nationwide

By Ifunanya / December 13, 2023

Amid the lingering scarcity of the Naira in Nigeria, point-of-sale (PoS) operators have implemented a drastic 100% hike in their […]

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UK pledges 15m for Nigerias agricultural sector development

UK Commits $15 Million to Revolutionize Nigeria’s Agricultural Industry

By Ifunanya / December 13, 2023

The United Kingdom has solidified its commitment to Nigeria’s agricultural sector by pledging a substantial $15 million investment through Valency […]

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Fuel price will soon collapse Stakeholders

Anticipated Decline in Fuel Prices Brings Hope, Say Stakeholders

By Ifunanya / December 12, 2023

Stakeholders in Nigeria’s Downstream Petroleum sub-sector are offering assurances of an imminent reduction in the pump price of fuel, signaling […]

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Nigerian govt to sell a 40 stake in Eleme petrochemicals

Nigeria Plans to Sell 40% Stake in Eleme Petrochemicals and DisCos, Reveals BPE Director

By Ifunanya / December 12, 2023

The Bureau of Public Enterprises (BPE) has announced plans to divest the Nigerian government’s stake in Eleme Petrochemicals Company Limited […]

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