African Business News

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

Nigerian govt targeting reduction of tax Finance minister

Government Aims to Mobilize Billions of Dollars in Cash Held by Nigerians to Alleviate Foreign Exchange Shortage, Says Finance Minister

By Ifunanya / December 12, 2023

The Minister of Finance, Olawale Edun, revealed that the federal government is setting its sights on foreign exchange held outside […]

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Cash shortage Calabar PoS operators increase charges by 100

Calabar PoS Operators Double Transaction Charges Amid Cash Shortage

By Ifunanya / December 12, 2023

In response to the acute shortage of physical currency in Calabar, Cross River State, Point of Sale (PoS) operators have […]

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AfDB trains stakeholders to tackle corruption

African Development Bank Empowers Stakeholders to Combat Corruption and Illicit Financial Flows

By Ifunanya / December 12, 2023

The African Development Bank (AfDB) has commenced a groundbreaking initiative, training key stakeholders to enhance their capabilities in combatting illicit […]

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NPA World Bank partner to revamp Nigerias decaying port infrastructure

Nigeria Port Authority Teams Up with World Bank to Overhaul Port Infrastructure

By Ifunanya / December 12, 2023

The Nigeria Port Authority (NPA) has announced a strategic partnership with the World Bank aimed at revitalizing the country’s ailing […]

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Power Minister faults pricing of utilized gas by GenCos in

Minister of Power Calls for Naira-Denominated Gas Pricing to Stabilize Electricity Costs

By Ifunanya / December 12, 2023

The pricing of gas utilized by Generation Companies (GenCos) in US dollars has come under scrutiny by the Minister of […]

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CAC to delist 91843 companies over failure to comply with

CAC Takes Action: Thousands of Companies Face Delisting Over Regulatory Non-Compliance

By Ifunanya / December 12, 2023

The Corporate Affairs Commission (CAC) has announced its intention to delist a staggering 91,843 companies due to their failure to […]

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Naira slumps against US dollar at forex market

The Naira Buoyantly Rises Against the US Dollar in Forex Market

By Ifunanya / December 12, 2023

The Naira kicked off the week with a promising surge, strengthening against the US dollar at the official foreign exchange […]

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Naira Devaluation External reserves fall by 165bn in six months

Naira Scarcity Persists, Impacting Nigerians Nationwide During Festive Season

By Ifunanya / December 12, 2023

As the festive season unfolds, bringing with it the promise of joy and celebration, Nigerians find themselves grappling with a […]

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Emefieles naira redesign renders farmers bankrupt FG

The Impact of Emefiele’s Naira Redesign on Nigerian Farmers: A Tragedy Unveiled

By Ifunanya / December 11, 2023

The former Central Bank governor’s controversial naira redesign policy has culminated in a harrowing narrative of agricultural hardship, rendering farmers […]

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CBN reviews timeline for issuance of credit letters amid forex

Central Bank of Nigeria Halts Processing Fees on Large Cash Deposits Amid Naira Scarcity

By Ifunanya / December 11, 2023

The Central Bank of Nigeria (CBN) has made a significant move by suspending processing fees on large cash deposits, aiming […]

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