Nigeria Imposes $220M Fine on Meta for Data Breaches and Rights Violations
Nigeria Fines Meta $220 Million for Data Breaches and Consumer Rights Violations In a major blow to social media giant […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
CBN Sells $110.81 Million to BDCs Amid Naira Defense Efforts
Nigeria’s Central Bank Sold $110 Million in Foreign Currencies to Bureau De Change Operators The Central Bank of Nigeria (CBN)
African Business News
Kenya Airways Hit by Global IT Outage, Grounds Flights
Global IT Outage Brings Chaos to Airlines, Media, and Banks A widespread IT outage has brought chaos to the world,
TCN Issues 5-Day Disconnection Notice to AEDC Over Non-Compliance
Darkness Looms in Abuja and Surrounding States as TCN Issues Disconnection Notice to AEDC The Transmission Company of Nigeria (TCN)
Nigeria’s External Reserves Surge to $35.77 Billion, Defying CBN’s 2024 Forecast
Nigeria’s External Reserves Surpass $35 Billion Mark The Central Bank of Nigeria (CBN) has announced a significant increase in the
African Business News
Kenya’s Shilling Slumps Amid Protests and Moody’s Downgrade
Kenyan Shilling Slips Against Global Currencies Amid Ongoing Protests and Downgraded Credit Rating The Kenyan shilling has taken a hit
NMDPRA Warns of Inferior Petroleum Quality from Dangote Refinery and Modular Refineries
Nigerian Refinery Quality a Concern: Regulator Rejects Dependence on Dangote In a recent interview with journalists, Farouk Ahmed, Chief Executive
Naira Appreciates Significantly Amid Tinubu’s N70,000 Minimum Wage Increase
Naira Appreciates Against US Dollar Amid New Minimum Wage Increase In a surprising turn of events, the Nigerian naira has
African Business News
Innovating Through Resilience: CEO Forum Highlights Tech’s Transformative Power
Nigerian Businesses Must Embrace Innovation and Resilience to Thrive in Challenging Economy At the recent BusinessDay CEO Forum, Chukwuma Nwanze,
Nigeria to Impose 50% Tax on Bank Profits from Foreign Exchange Revaluation
Nigerian Government Plans 50 Percent Tax on Bank Profits for Minimum Wage Increase As Nigerian President Bola Tinubu submits proposed
Nigeria Loses $50 Billion Annually to Illegal Financial Outflows
Africa Loses $50 Billion Annually to Illegal Financial Outflows A shocking revelation has been made by the Nigerian Shippers’ Council,
Nigerian Education Loan Fund to Disburse N35 Billion to 110,000 Students
Nigerian Education Loan Fund to Disburse Student Loans to 110,000 Beneficiaries The Nigerian Education Loan Fund (NELFUND) has announced that