Federal Government to Save N1.5tn with Electricity Tariff Adjustment
The Federal Government of Nigeria has recently made significant changes to the electricity tariff structure in an effort to improve […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Global Financial Stability Report: IMF Warns of $12 Billion Cyberattack Losses
The International Monetary Fund (IMF) has recently released a startling report revealing that financial institutions worldwide have suffered staggering losses
Leveraging Nigeria’s Abundant Gas Reserves for Economic Growth
The CEO of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, emphasized the vital role of natural gas in
US Inflation Rises to 3.5% in March, Fueling Concerns Over Interest Rates
The latest inflation figures from the United States have shown a significant increase, with the rate rising to 3.5 per
Kaduna Electric Launches Rapid Response Teams for Band A Feeder Downtime
Kaduna Electric, a leading electricity distribution company in Nigeria, has taken proactive measures to ensure uninterrupted power supply to its
Alphabet Hits Record High: Google’s Stock Soars to $1.95 Trillion
Alphabet, the parent company of Google, reached a historic milestone on Tuesday as its market value soared to a record
Nigerian Minister of Power Vows Sanctions for DisCos Failing to Provide 20 Hours of Electricity
The Minister of Power in Nigeria, Adebayo Adelabu, has made it clear that the government will not tolerate any electricity
Nigerian Treasury Bills and Bonds Used to Settle Central Bank Advances
The Nigerian government has utilized funds from Nigerian Treasury Bills and Bonds issued in 2024 to settle Ways and Means
2023 Nigerian Banks Operating Expenses Surge by 42.51% to N3.23tn: Personnel Costs & Inflationary Pressure Key Drivers
Operating expenses for 10 Nigerian banks surged by 42.51% in 2023, reaching N3.23tn compared to N2.26tn the previous year, as
NSE Urges NERC to Impose Sanctions on DisCos for Failing Service Delivery
The Nigerian Society of Engineers (NSE) is calling for strict penalties to be imposed on Electricity Distribution Companies (DisCos) that
Addressing Inequality in Sub-Saharan Africa: World Bank’s Call for Policy Action
The World Bank has recently highlighted the persistent issue of inequality in Sub-Saharan Africa, ranking it as one of the
Africa’s Economic Growth Projections: World Bank Forecasts 3.4% Growth in 2024 and 3.8% in 2025
The World Bank has forecasted a positive outlook for Nigeria and other African economies, with growth expected to reach 3.4