African Business News

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

54744 estimated billing customers hit 6m despite buharis mass metering initiative

Estimated billing customers hit 6m despite Buhari’s Mass Metering Initiative

By Ifunanya / April 30, 2023

Electricity consumers who use the estimated billing system rose to six million in the third quarter of 2022 from 5.55 […]

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Estimated billing customers now six million

By Ifunanya / April 30, 2023

The total estimated customers stood at about 6 million in the third quarter of 2022, higher by 1.1 per cent […]

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54731 stakeholders to discuss tech trends

Stakeholders to discuss tech trends

By Ifunanya / April 30, 2023

Stakeholders would be converging at this year’s IOT West Africa Conference and Exhibition to look into emerging trends in blockchain […]

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54576 fg must equip marine police to boost water transportation operator

FG must equip marine police to boost water transportation – Operator

By Ifunanya / April 30, 2023

The President of the Association of Tourist Boat Operators and Water Transporters of Nigeria, Tarzan Balogun, who is also the […]

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54578 firm commences data centre construction

Firm commences data centre construction

By Ifunanya / April 30, 2023

Rack Centre, a data centre, has commenced the construction of a new data centre known as LGS 2 in Ikeja, […]

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CBN’s Net Domestic Credit rose to N70.6trn in March

By Ifunanya / April 29, 2023

Amid the growing debt burden, the Central Bank of Nigeria’s Net Domestic Credit rose to N70.6 trillion in March from […]

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FG, Lagos disagree over Banana Island building collapse

By Ifunanya / April 29, 2023

The Federal Government, through the National Inland Waterways Authority, and the Lagos State Government have divergent views over the collapsed […]

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Seplat Energy revenue rises by 36.9% amid crisis

By Ifunanya / April 29, 2023

Indigenous oil exploration company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter […]

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54041 otedola sells shares in transcorp to tony elumelu scaled

Otedola sells shares in Transcorp to Tony Elumelu

By Ifunanya / April 28, 2023

Popular Nigerian billionaire Femi Otedola has sold his 6.3% stake in Transnational Corporation Plc (Transcorp) to its chairman, Tony Elumelu. […]

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Akwa Ibom’s 2022 IGR N35bn – IRS

By Ifunanya / April 28, 2023

The chairman of Akwa Ibom State Internal Revenue Service, IRS, Mr Okon Okon, said the commission generated approximately N35 billion […]

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