CBN Sells N676.65 Billion in OMO Bills at 21% Interest Rate
The Central Bank of Nigeria (CBN) recently conducted an Open Market Operation (OMO) auction, selling a total of N676.65 billion […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Arik Air Clarifies Port Harcourt Airport Incident Due to Weather
Arik Air Clarifies Stranded Passengers Incident at Port Harcourt Airport Arik Air has addressed the recent incident that left passengers
African Business News
Naira Continues Appreciation Against US Dollar Despite Drop in FX Turnover
The Nigerian naira continues to strengthen against the US dollar, defying expectations as foreign exchange turnover transactions at the FX
Binance: Whistleblowers cry out over threat to life, seek FG’s protection
April 4, 2024 Whistleblowers whose petition led to the summon, detention and ongoing trial of executive of Binance Holdings Limited have raised
Tariff increase will only affect customers enjoying 20-hour power supply – NERC
April 3, 2024 The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20
ASCSN President Condemns Nigeria’s Hike in Electricity Tariff
The Association of Senior Civil Servants of Nigeria, ASCSN, has expressed deep concern over the recent increase in electricity tariffs
Naira Appreciates Against Dollar: CBN Policies Boost Exchange Rate
The Nigerian naira has been on a winning streak against the United States dollar, much to the delight of Nigerians.
Understanding the Implications of Nigeria’s 250% Electricity Tariff Hike
Following the recent approval of a 250 per cent electricity tariff hike by the Nigerian Electricity Regulatory Commission, there are
Power Outages in Abuja, Lagos, and Nasarawa: Technical Glitches Cause Service Disruption
The recent power outages in Abuja, Lagos, and Nasarawa have left many communities in the dark, with residents facing disruptions
FX Turnover Plunges to $166M as Naira Appreciates: Food Prices Soar
The foreign exchange market saw a significant drop in turnover on Wednesday, falling to $166 million after hitting a record
Nigerian Breweries Plc Plans N600bn Rights Issue to Reduce Debt Burden
Nigerian Breweries Plc, a leading beverage company in Nigeria, has made a significant announcement that is set to reshape its
Electricity Tariff Hike: NECAN Secretary Slams Tinubu’s Government
The recent increase in electricity tariffs in Nigeria has sparked outrage among consumers, with many questioning the government’s decision-making process.