Abiola Makinde lays foundation for movie village in Ondo
April 5, 2024 In a bid to support the entertainment industry and boost the economy of Ondo State, lawmaker representing […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
NGX Market Capitalization Drops by N252 Billion, All-Share Index Falls 0.43%
The Nigerian Exchange Limited, NGX, experienced a significant downturn in the stock market on Thursday, resulting in a loss of
Abuja Electricity Distribution Company Faces Backlash Over New Electricity Tariff Hike
Abuja Electricity Distribution Company recently implemented a new electricity tariff that has left customers feeling uneasy. The Nigerian Electricity Regulatory
African Business News
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
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