African Business News

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

118029 nigerias plan to stop n941 6bn annual wheat imports in four years says agric minister

Nigeria’s Plan to Stop N941.6bn Annual Wheat Imports in Four Years, Says Agric Minister

By Ifunanya / October 13, 2023

The Nigerian federal government has announced its intention to completely phase out the annual N941.6 billion wheat importation within the […]

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89164 n125bn smes grant abuja chamber of commerce laud president tinubu

Abuja Chamber of Commerce and Industry Launches Training Programme

By Ifunanya / October 13, 2023

The Abuja Chamber of Commerce and Industry Business Entrepreneurship and Skill Technology Centre (ACCI-BEST) has recently introduced a revolutionary 10-month […]

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117861 insecurity borno govt bans mining activities

Insecurity: Borno govt bans mining activities

By Ifunanya / October 13, 2023

The Borno State Government has placed a ban on all mining activities in the state, due to the fragile security situation in the state. This is contained in a statement issued by the Commissioner for Information and Internal Security, Prof. Usman Tar, in Maiduguri on Friday. ”The state government is working on mapping and securing

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CBN

CBN Lifts Forex Restriction: Full List of 43 Items Now Accessible

By Ifunanya / October 13, 2023

In a significant development, the Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions on 43 items […]

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117515 vp shettima assures investors of adequate power supply for industrial clusters

VP Shettima Promises Adequate Power Supply

By Ifunanya / October 12, 2023

The Nigerian Government has assured investors in the country of adequate power supply, especially in industrial clusters. Vice President, Kashim […]

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117507 cbn lifts ban on 43 restricted items and pledges to clear forex backlog

CBN Lifts Ban on 43 Restricted Items and Pledges to Clear Forex Backlog

By Ifunanya / October 12, 2023

The Central Bank of Nigeria (CBN) has announced that it has lifted the ban on 43 items previously restricted from […]

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117378 nigerian oil firms acquire 26 divested licenses in 10 years

Nigerian Oil Firms Acquire 26 Divested Licenses In 10 Years

By Ifunanya / October 12, 2023

Nigerian oil companies have acquired about 26 oil mining licenses within the Niger Delta basin space within the final decade. […]

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117371 nigerias oil production hits 1 35m barrels per day highest in 2023 scaled

Nigeria’s oil production hits 1.35m barrels per day, highest in 2023

By Ifunanya / October 12, 2023

As the onslaught in opposition to oil theft continued in the Niger Delta area, Nigeria’s crude oil output rose to […]

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117181 stock market bounces back with 0 17 increase

Stock Market Bounces Back with 0.17% Increase

By Ifunanya / October 12, 2023

Chiamaka Okechukwu On October 11, 2023 Midweek trades on the Nigerian Exchange Group Limited (NGX) ended positively as the key […]

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116756 presidential committee aims to streamline tax system in nigeria

Presidential Committee Aims to Streamline Tax System in Nigeria

By Ifunanya / October 11, 2023

Mr Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed plans to simplify […]

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