March 2024 Inflation Report: Nigeria’s Headline Inflation Rate Jumps to 33.20%
Nigeria’s Inflation Rate Climbs to 33.20% in March 2024 The National Bureau of Statistics has recently revealed that Nigeria’s headline […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Another power system collapse paralyses economic activities in South East
April 15, 2024 The Enugu Electricity Distribution Company (EEDC) says that another system collapse have led to loss of electricity supply in
Nigeria’s Food Inflation Surges to 40.01% Annually, Driven by Price Hikes in Staple Foods
Nigeria is currently facing a significant challenge as food inflation has skyrocketed to 40.01 per cent annually, marking a 15-point
African Business News
CBN’s Cashless Drive Boosts Electronic Banking Revenue for Top Nigerian Banks
The digital revolution in Nigeria’s banking sector is gaining momentum, with a significant increase in electronic banking revenue reported by
NBS Inflation Report: February Figures Rise to 31.70%, Food Inflation Soars to 37.92%
The National Bureau of Statistics is gearing up to reveal the latest inflation data on Monday, March 15, 2024. This
Reviewing the Petroleum Industry Act: Akwa Ibom Oil Producing Communities Demand Justice for Environmental Pollution
Dr. Ufot Phenson, an environmental activist and President General of the Akwa Ibom Oil Producing Community Development Network, has raised
Federal Government Appeals to NUEE Over Electricity Tariff Hike
The Federal Government is urging members of the National Union of Electricity Employees not to go on strike in response
UBA well capitalised with over N2tr shareholders’ fund – GMD
April 14, 2024 United Bank for Africa (UBA) Plc is very well capitalized with shareholders’ fund in excess of N2
FCCPC Urges Nigerians to Report Arbitrary Price Hikes for Action
The Federal Competition and Consumer Protection Commission (FCCPC) is cracking down on businesses engaging in price fixing and arbitrary price
APC Chieftain Urges Tinubu to Intervene in Dangote Refinery Diesel Price
A prominent member of the All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has urged former Lagos State Governor
Electricity Distribution Companies Struggle to Provide 20-Hour Supply to Band A Customers amid Gas Shortage
Electricity distribution companies in Nigeria are facing challenges in providing consistent power supply to customers due to a gas shortage
Nigerian Crude Oil Production Drops Due to Trans Niger Pipeline Issues
The Nigerian government has attributed the recent drop in crude oil production to maintenance activities and issues on the Trans