African Business News

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Nigeria’s finance minister co-heads Commonwealth group for global financial reform

By Ifunanya / April 18, 2023

Minister of Finance, Budget and National Planning, Zainab Ahmed, has been named in the Commonwealth body for global financial reform. […]

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IKEDC generates highest revenue in Q3, Q4 2022 -NBS

By Ifunanya / April 18, 2023

The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the […]

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NRC services debt with N111bn, generates N12bn – Report

By Ifunanya / April 18, 2023

Nigerian Railway Corporation The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December […]

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Nigeria spent 96.3 per cent revenue in 2022 on debt servicing – World Bank

By Ifunanya / April 18, 2023

The Washington based-World Bank said Nigeria had spent 96.3 per cent of its 2022 revenue on debt servicing. Word Bank […]

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48007 nnpcl has deepened investments in akk other gas utilisation projects kyari

NNPCL has deepened investments in AKK, other gas utilisation projects – Kyari

By Ifunanya / April 18, 2023

The Nigeria National Petroleum Company Limited said it is strengthening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas […]

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51263 nigerias indebtedness to world bank now n6tn

Fuel subsidy: FG begins 40% pay rise for workers April ending

By Ifunanya / April 18, 2023

Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay […]

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Processors, farmers lament as foreign rice reappear in markets

By Ifunanya / April 17, 2023

Multiple brands of foreign rice from countries including Thailand and India have returned to markets in Kano, Jigawa, and Katsina […]

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Investment in modular refineries would stabilize Nigeria’s dwindling economy – Prof Ife

By Ifunanya / April 17, 2023

Prof Ken Ife, a development economist, says the federal government must invest in modular refineries to stabilize Nigeria’s economy. Ife […]

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Nigeria’s 96% revenue used to service debt in 2022 – World Bank

By Ifunanya / April 17, 2023

…says worsening economic environment leaving millions of Nigerians in poverty The World Bank says Nigeria’s constant fiscal deficit has worsened […]

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Banana Island building: LASEMA accident’s claim false, say builders

By Ifunanya / April 17, 2023

Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a […]

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