Nigeria’s Ambitious Plan to Become a Vehicle Manufacturing Hub
Nigeria Aims to Become a Major Player in Vehicle Manufacturing Industry Nigeria is set to make a significant mark in […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
CBN’s Effective Monetary Policy Results in $1.5bn Inflows, Naira Gains
The Central Bank of Nigeria has announced a significant boost to the Nigerian economy, with over $1.5 billion flowing in
Port Harcourt-Aba railway to begin operation in April, says FG
March 29, 2024 The federal government has pushed the commencement date for the operation of the Port Harcourt –Aba section of
Controversy Erupts Over N90 Billion Hajj Subsidy Amid Economic Hardship
Nigerians have expressed outrage over President Bola Tinubu’s government’s decision to allocate N90 billion for the subsidization of the 2024
African Business News
CBN Removes Limits on PAPSS Transactions to Boost Intra-Africa Trade
The Central Bank of Nigeria (CBN) has made a significant move to boost trade and payment services transactions on the
Boosting Nigeria’s Manufacturing Sector: Calls for Government Subsidies and Access to Finance
Manufacturers in Nigeria are calling on the Federal Government to provide subsidies to the production industry in order to combat
Nigeria Sovereign Investment Authority records ₦1.18tr Income in 2023
March 29, 2024 The Nigeria Sovereign Investment Authority (NSIA ) has released its 2023 financial results. The Authority’s total operating
Naira to sustain rally after 46% gain against dollar, says Rewane
March 29, 2024 The naira will sustain ongoing rally at both official and parallel markets as dollar liquidity rises, Managing
CBN to Monitor Nigerian Banking Sector Recapitalisation to Prevent Illicit Financing
The Central Bank of Nigeria is taking a proactive approach to monitor the recapitalization of the Nigerian banking sector in
Naira Holds Strong at N1,300 Exchange Rate Against USD During Easter Holiday Trading
The Naira has held steady at an exchange rate of N1,300 against the US Dollar as the official foreign exchange
African Business News
NSIA Reports 1,122% Increase in Total Comprehensive Income to N1.18 Trillion
The Nigeria Sovereign Investment Authority, responsible for managing the country’s Sovereign Wealth Fund, has just announced a staggering 1,122% increase
African Business News
CBN Raises Minimum Capital Requirements for Banks, Sparking Bank Merger Talks
Bank mergers are on the horizon in Nigeria, as the Central Bank of Nigeria (CBN) has recently announced a significant