African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

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Nigeria Mining Cadastre generated N18bn in four years – DG, Nkon

By Ifunanya / June 16, 2023

The Director General of Nigeria Mining Cadastre Office (MCO), Mr Obadiah Nkon, said the office increased revenue generation to about […]

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24529 naira loses further at official market amid currency scarcity

Naira Exchange Rate Plummets Against Dollar, Now at N702.19

By Ifunanya / June 16, 2023

In a turn of events following the Central Bank of Nigeria’s decision to liberalize the foreign exchange market, the Naira […]

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Cooking gas prices in Nigeria decrease due to international market forces, say industry experts

By Ifunanya / June 15, 2023

The recent decrease in the retail price of cooking gas in Nigeria can be attributed to the fall in product […]

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73601 central bank of nigeria ends rt200 rebate and naira4dollar remittance schemes

Central Bank of Nigeria Ends RT200 Rebate and Naira4Dollar Remittance Schemes

By Ifunanya / June 15, 2023

In a recent statement, the Central Bank of Nigeria (CBN) has officially announced the discontinuation of the RT200 Rebate and […]

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CBN Confirms Operational Changes to Foreign Exchange Market

By Ifunanya / June 15, 2023

The Central Bank of Nigeria (CBN) has announced operational changes to the foreign exchange market. In a statement issued by […]

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CBN grants banks freedom to trade forex at any rate

By Ifunanya / June 14, 2023

The Central Bank of Nigeria has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation means […]

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73209 fg grants indigenous firm license to export and import oil with potential for 100000 jobs

FG Grants Indigenous Firm License to Export and Import Oil, with Potential for 100,000 Jobs

By Ifunanya / June 14, 2023

The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a license for the establishment of Belema Sweet Expert […]

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Experts claim Nigeria’s economy suffered under Emefiele’s leadership at CBN

By Ifunanya / June 13, 2023

Economic experts have stated that Nigeria’s economy suffered due to the wrong policies implemented by the suspended Governor of the […]

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73042 nigerias 2022 electrical product imports reach 3 47 billion report

Nigeria’s 2022 Electrical Product Imports Reach $3.47 Billion – Report

By Ifunanya / June 13, 2023

Nigeria’s imports of phones, generators, electrical transformers and other electrical products amounted to $3.47 billion in 2022, according to a […]

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Nigerian govt accuses ExxonMobil of oil theft, economic sabotage

By Ifunanya / June 12, 2023

The Federal Government has accused American multinational oil and gas giant, ExxonMobil of oil theft in Rivers State. The Nigerian […]

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