Naira extends gains against dollar
The naira gained further against the dollar at both the official and parallel foreign exchange markets on Tuesday. FMDQ data […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Onion prices increase by 200% in Nigerian markets ahead of Yuletide
A small-sized bulb onion is now sold for between N200 and N300 in Nigerian markets ahead of this year’s Yuletide.
African Business News
Economists suggest solutions to Nigeria’s rising inflation
Nigerian economists and financial analysts said the federal government must reevaluate its policies around critical sectors such as manufacturing, agriculture,
African Business News
Cash Scarcity: Commercial banks’ staff selling naira to PoS operators – Okai alleges
Amid the scarcity of cash in Nigeria, a Kogi State-born political activist and immediate past House of Representative candidate for
Celebrating Dupe Olusola’s transformative leadership as Transcorp Hotels Plc welcomes new CEO
As Transcorp Hotels Plc announces the appointment of Mrs Uzo Oshogwe as the new Managing Director/Chief Executive Officer effective January
FCMB Hackathon: Startups Work on Solutions for Livestock Mortality and Financial Inclusion
For conceptualising and developing actionable solutions to bridge gaps in Nigeria’s agribusiness ecosystem, winners of this year’s First City Monument
African Business News
FEC Okays 161.3m euros for Phase 1 Siemens Power Project
The Federal Executive Council, FEC, meeting presided over by President Bola Tinubu on Monday approved the sum of 161,328,228 euros
African Business News
Pension administrators to start refund of 7.5% in Niger
Pension fund administrators in Niger State have gotten the green light from the National Pension Commission to start refunding 7.5
African Business News
Naira appreciates against dollar despite rise in Nigeria’s inflation
The naira appreciated against the dollar at the official market to kick off the week on a good note.FMDQ data
Port Harcourt Refinery’s restart crucial to Nigeria’s energy sufficiency – NNPC
The Nigerian National Petroleum Company Limited, NNPCL, said the restart of the 60,000 barrels per day Port Harcourt refinery marked
Nigeria’s inflation rate spikes to 34.60 percent in November amid hardship
Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening
African Business News
Tinubu reacts as Shell, partners secure $5bn Nigerian deepwater investment
President Bola Ahmed Tinubu has lauded the feat by Shell and its partners in securing Nigeria’s first deepwater project in