USAID and Nigeria Sign Historic $310M Power Sector Development Agreement
USAID and Nigerian Federal Ministry of Power Sign Major Deal to Tackle Electricity Challenges The United States Agency for International […]
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.
CBN Gives 4,173 BDCs 3-Month Ultimatum to Change Names After License Revocation
Nigeria’s Central Bank Orders 4,173 Bureau De Change Companies to Change Names or Face Consequences In a recent move, the
CAC Warns 4,173 BDCs of Certificate Cancellation Over Regulatory Noncompliance
Nigeria’s Central Bank and Corporate Affairs Commission Take Action Against Non-Compliant Bureau De Change Operators In a move to maintain
Nigeria’s External Reserves Reach One-Year High Under President Tinubu
Nigeria’s Economy Sees Surge in External Reserves, But Forex Crisis Persists Date: July 2024 Despite a one-year high of $35.05
Kenya Faces Growing Debt and Economic Challenges After Protests Derail Finance Bill
The ballooning debt in East Africa’s economic hub of Kenya is expected to grow even more after deadly protests forced
PENGASSAN President Blames Fuel Scarcity on Bad Roads and Ineffective Railway System
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has attributed the current scarcity
Nigerian Exchange Group Suspends Trading for Unity Bank, NPF Microfinance Bank, and Six Other Companies
The Nigerian Exchange Group (NGX) has suspended trading of shares for Unity Bank, Nigerian Police Force Microfinance Bank, and six
Court Decision May Greenlight New Reservoir for Panama Canal Amid Drought
Waterway managers announced on Monday that a recent court decision might pave the way for constructing a new reservoir to
Fuel Scarcity Worsens in Abuja and Surrounding States, Transport Fares Soar
Residents of Abuja, Nasarawa, and other surrounding states are grappling with long fuel queues at filling stations, despite assurances from
Nigeria’s Federal Government Suspends Import Duties on Key Food Items for 150 Days
In a significant policy move, Nigeria’s Federal Government announced on Monday the suspension of duties, tariffs, and taxes on the
Nigerian Government Denies Signing EU Agreement for $150 Million Loan
FCT, Abuja — The Nigerian government has refuted claims of signing an agreement with the European Union (EU) to secure
ECOWAS Set To Unveil Single Currency ECO
Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States have advanced plans to launch