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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Access Holdings’ gross earnings hit N1.4tn

By Ifunanya / April 20, 2023

Financial institution, Access Holdings Plc, has grown its gross earnings by 42.30 per cent to N1.4 trillion in the 2022 […]

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Otedola acquires 5.52% stake in Transcorp

By Ifunanya / April 20, 2023

Indigenous conglomerate, Transcorp Corporation Plc, has disclosed that billionaire businessman, Femi Otedola, has bought 2,245,639,251 units of the shares of […]

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Buhari’s govt speaks on debt repayment default to China

By Ifunanya / April 20, 2023

The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, costing […]

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FEC approves N142.24bn e-Customs project amid controversy

By Ifunanya / April 20, 2023

Amid controversy, the Federal government has approved an e-Customs modernization project at N142.24 billion. The approval is coming amid reports […]

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Nigerian fintech gets recognition in US

By Ifunanya / April 20, 2023

Accelerex, a fintech, has won the prestigious Excellence in Commerce Enablement Award at the Africa Fintech Summit 2023. According to […]

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End Malabu dispute with Shell, Eni, Malami advises Buhari

By Ifunanya / April 20, 2023

The Minister of Justice and Attorney General of the Federation, Abubakar Malami, has advised the President, Major General Buhari, to […]

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49045 local content soars to 54 in oil gas sector fg

Local content soars to 54% in oil, gas sector – FG

By Ifunanya / April 20, 2023

The Federal Government said it had increased local content investment activities in the oil and gas industry by 54 per […]

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Suspend $800m loan from World Bank – Group tells Buhari

By Ifunanya / April 19, 2023

Amid Nigeria’s rising debt profile, an economic group, the Center for Fiscal Transparency and Integrity Watch has asked President Muhammadu […]

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48836 rice imports into nigeria dropped to 438 tons in 2022 ekwelem

Rice imports into Nigeria dropped to 438 tons in 2022 – Ekwelem

By Ifunanya / April 19, 2023

An increase in Nigeria’s local rice production led to a drop in foreign rice importation from 1.2 million metric tons […]

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48599 nigeria railway corporation revenue drops to n1 15bn in q4 2022

Nigeria Railway Corporation revenue drops to N1.15bn in Q4 2022

By Ifunanya / April 19, 2023

Nigeria Railway Corporation’s revenue from passengers dropped to N1.15 billion in the Fourth Quarter of 2022 compared to N1.91 billion […]

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