Naira Continues Appreciation Against US Dollar, Hits N1,278.58 Per USD
The Nigerian currency, the naira, has shown signs of strength against the US dollar in recent days, both in official […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Bitcoin Mining Businesses Generate Record $2bn Monthly Revenue in March
Bitcoin mining businesses achieved a remarkable milestone in March, generating a staggering $2 billion in monthly revenue from block rewards
JUST IN: Dangote pegs minimum of 1ml/marketer as diesel sale begins
April 2, 2024 The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas
NDIC Commits to Prosecuting Bank Failure Contributors: Collaboration with EFCC for Financial Stability
The Nigeria Deposit Insurance Corporation (NDIC) is unwavering in its dedication to holding accountable those responsible for the collapse of
Commercial Banks Delay Audited Results for 2023 Due to Regulatory Approval
Four major Nigerian banks, including United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank, have announced that they
Nigeria’s Power Crisis: Most Plants Operate at 37% Capacity, Minister Vows Increase to 6000MW
Most power plants in Nigeria are operating well below their full capacity, contributing to the country’s ongoing struggle with unreliable
African Business News
Nigerian Banks Face Job Losses Amid 2024 Recapitalization Panic
Nigerian Banks Face Uncertainty as CBN Raises Minimum Capital Requirements In a move that has sent shockwaves through the Nigerian
ARCON Law Controversy: Advertisers Clash Over New Regulations
The Advertising Regulatory Council of Nigeria (ARCON) has recently implemented new regulations that have sparked controversy within the advertising and
We are working on Abuja-London, Houston, New York routes — Air Peace CEO
April 1, 2024 Air Peace Airlines’ Chief Executive Officer (CEO) Allen Onyema has announced the airline is prepared to start
Fuel Subsidy Removal, Not Money Supply Surge, Drives Nigeria’s Soaring Inflation
A recent study has revealed that the removal of fuel subsidies, rather than the increase in money supply, is the
Nigerian Railway Corporation Revenue Surges to N6.07 Billion in 2023
The Nigerian Railway Corporation (NRC) had a successful year in 2023, generating a total revenue of N6,071 billion from various
CBN’s Recapitalisation Move: Ensuring Stability & Growth in Nigerian Banks
The recent decision by the Central Bank of Nigeria to recapitalize banks has received support from the Centre for the