African Business News

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

CBN reviews timeline for issuance of credit letters amid forex

Nigeria’s external reserves fall by $520m in five weeks

By Ifunanya / December 11, 2023

Nigeria’s external reserves fell by $520.22 million in five weeks, figures from the Central Bank of Nigeria revealed. According to […]

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CBN’s Revised Cargo Exchange Rate Will Fuel Smuggling, Warns CPPE

By Ifunanya / December 11, 2023

The recent decision by the Central Bank of Nigeria (CBN) to raise the exchange rate for cargo clearance has sparked […]

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I will strenghten education system revitalise Nigerian economy President

President Tinubu Vows to Transform Education and Economy for Nigeria’s Global Emergence

By Ifunanya / December 10, 2023

President Bola Tinubu has declared a bold vision for his administration, emphasizing the revitalization of Nigeria’s education system and the […]

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321867 Nigerian small businesses received 14 funding in six years scaled

Nigeria’s Small Businesses: A $1.4 Billion Boost from World Bank

By Ifunanya / December 10, 2023

The World Bank has revealed that over the course of six years, a staggering 321,867 small businesses in Nigeria benefited […]

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Another victory for Nigeria as UK court orders PID to

UK Court Orders P&ID to Pay £20m Damages, Another Victory for Nigeria

By Ifunanya / December 9, 2023

In a significant win for Nigeria, a United Kingdom court has ruled in favor of the Nigerian Government, ordering Process […]

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Dangote Refinery Receives First One Million Barrels Crude Cargo –

Dangote Refinery Receives First One Million Barrels Crude Cargo

By Ifunanya / December 9, 2023

Africa’s Game-Changer: Dangote Refinery Welcomes First One Million Barrels of Crude Oil A historic milestone has been reached as Dangote […]

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Electricity Nigerian govt mulls unbundling of 11 DisCos

The Future of Nigerian Electricity: Government Contemplates Unbundling 11 DisCos for Enhanced Oversight

By Ifunanya / December 9, 2023

In a bid to revolutionize the nation’s power sector, the Nigerian government is considering the unbundling of Eleven Electricity Distribution […]

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Lagos State Governor Promises Business Friendly Environment – Voice of

Lagos State Governor Pledges Support for Business Community

By Ifunanya / December 9, 2023

Lagos State Governor, Mr. Babajide Sanwo-Olu, has pledged unwavering support for the business community, assuring them of a conducive and […]

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Nigerian Breweries appoints new interim Chairman

Renowned Nigerian Brewing Company Appoints New Interim Chairman

By Ifunanya / December 9, 2023

Nigeria’s leading brewing company, Nigerian Breweries Plc, has recently announced the appointment of Sijbe “Siep” Hiemstra as the interim Chairman […]

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Naira slumps against US dollar at forex market

The Naira Struggles: Nosedives Against the US Dollar

By Ifunanya / December 9, 2023

The Nigerian Naira took a sharp nosedive against the US Dollar at the official foreign exchange market on Friday, reflecting […]

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