Nigeria’s economic resilience shines at World Bank, IMF Meetings
April 22, 2024 The 2024 Spring Meetings, held amidst a backdrop of persistent inflation and geopolitical tensions, underscored Nigeria’s ascent […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
ATSSSAN Threatens Aviation Operations Over 50% Revenue Deduction
The Air Transport Service Senior Staff Association of Nigeria (ATSSSAN) is on the brink of taking drastic action that could
African Business News
Nigeria to Generate $4 Billion Annually from Crude Oil Trading on Lagos Commodities Exchange
The Lagos Commodities and Futures Exchange is making bold predictions for Nigeria’s economic future, estimating that the country could generate
KACRAN Urges President Tinubu to Boost NEDC Budget for Post-Insurgency Recovery
The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) is urging President Bola Ahmed Tinubu to boost the annual budget
Cooking Gas Prices Surge: NBS Reports 7.10% Increase in March 2024
The National Bureau of Statistics (NBS) has reported a significant increase in the average price of cooking gas in Nigeria.
NNPCL and First E&P Commence Oil Production at Madu Field, Bayelsa State
The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner, First Exploration and Petroleum Development Company Limited (First
Elon Musk Warns Against Engagement Farming on Micro-Blogging Site
Elon Musk, the owner of the popular micro-blogging site X, has issued a stern warning to users engaging in what
Nigerian Government Issues N8 Trillion in Treasury Bills to Boost Economy
The Nigerian Government has taken a significant step towards stabilizing and boosting the economy by issuing N8 trillion in government
Middle East Tensions Drive Brent Crude Price to $90.54, WTI at $86.09
The global oil market is in turmoil as tensions between Israel and Iran continue to escalate, with the price of
Without a tariff increase, Nigeria will need N3.2 trillion to subsidise electricity in 2024, says NERC
April 18, 2024 The chairman of the Nigeria Electricity Regulatory Commission (NERC), Sanusi Garba, said on Thursday, April 18, that the Nigerian
Naira Plummets 7.04% to N1,154.08 Against Dollar in Single Day
The Nigerian currency, the naira, experienced a significant drop in value against the US dollar in just one day, according
Central Bank Governor: Continued Liquidity to Sustain Naira’s Appreciation
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed confidence that the naira’s appreciation will continue due