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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Nigeria spent N3.36trn on debt servicing in 2022 – DMO

By Ifunanya / April 9, 2023

Data from the Debt Management Office, DMO, has shown that Nigeria’s debt servicing increased by 14.68 per cent to N3.36 […]

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Debt servicing rose by 14.68% in 2022 – DMO

By Ifunanya / April 9, 2023

DG, Debt Management Office, Patience Oniha Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, […]

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85% of imported vehicles vandalised, agents allege

By Ifunanya / April 9, 2023

Clearing agents operating in the country’s maritime industry have said that 85 per cent of imported used vehicles were vandalised […]

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Consider cross-border expansions, diversification – Expert to Nigerian Banks

By Ifunanya / April 8, 2023

A financial expert has advised Nigerian banks to look into diversifying their earnings by adopting Holdco structures amid the hawkish […]

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ASSOPEP has no affiliation with pension industry — PenCom

By Ifunanya / April 8, 2023

The National Pension Commission has warned the public to be mindful of the activities of the Association of Pension Desk […]

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Global food prices fall by 2.1 per cent except Sugar – UNFAO

By Ifunanya / April 8, 2023

The United Nations, Food and Agriculture Organization said World food prices declined for the 12th consecutive month in March. FAO’s […]

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CBN tight monetary policy affecting banks’ profits, says operator

By Ifunanya / April 8, 2023

In the face of the Central Bank of Nigeria’s adoption of a hawkish monetary stance, more local lenders would pursue […]

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LCCI, Providus Bank partner on entrepreneurship

By Ifunanya / April 8, 2023

The Lagos Chamber of Commerce and Industry has received sponsorship worth N10m from Providus Bank as a grant for entrepreneurship […]

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Naira depreciated by 10% in 2022 – World Bank

By Ifunanya / April 7, 2023

The World Bank has revealed that the naira has suffered a record depreciation of 10.2 per cent in 2022. This, […]

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Naira lost 10.2 per cent in 2023 – World Bank

By Ifunanya / April 7, 2023

The World Bank has said the naira lost 10.2 per cent of its value in 2022. The bank was speaking […]

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