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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Less than 7% of African SMEs adopting tech – Report

By Ifunanya / April 7, 2023

Despite the vast opportunities for success that access to the internet and technology provides for small businesses in Africa, less […]

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House probes NCC over telecom fund, poor network

By Ifunanya / April 7, 2023

FILE PHOTO: Members of the House of Representatives at plenary The House of Representatives has resolved to investigate the Nigerian […]

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41564 bua foods records 31 growth in profit after tax

BUA Foods records 31% growth in profit after tax

By Ifunanya / April 6, 2023

Consumer goods company, BUA Foods, has reported a 31 per cent appreciation in its profit after tax for the financial […]

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LCCI raises alarm as Nigeria’s debt servicing decline to N3.87trn in 2022

By Ifunanya / April 6, 2023

The Lagos Chamber of Commerce and Industry, LCCI, has raised the alarm that Nigeria’s debt servicing declined to 3.87 trillion […]

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41347 nsia firm partner on eco friendly solutions

NSIA, firm partner on eco-friendly solutions

By Ifunanya / April 6, 2023

The Nigeria Sovereign Investment Authority has said it has completed a joint venture agreement with Vitol to invest in a […]

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Senate indicts NNPC over N102bn crude oil deliveries

By Ifunanya / April 6, 2023

Senate on Wednesday indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery and […]

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12046 Real Estate

Firm gets A-rating

By Ifunanya / April 6, 2023

File: Housing units. www.housingfinanceafrica.org A real estate company, Wemabod Limited, has emerged with A-rating after Augusto & Co, an international […]

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Africa’s growth low – World Bank

By Ifunanya / April 5, 2023

Growth across Africa remains sluggish due to the underperformance of its largest economies, high inflation, and a deceleration of investment […]

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Bitcoin platform with over one million Nigerian users shuts down

By Ifunanya / April 5, 2023

Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was […]

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Fuel subsidy removal: World Bank gives FG $800m for palliatives

By Ifunanya / April 5, 2023

The World Bank has granted the Nigerian government $800 million to put up a comprehensive palliative scheme for its citizens, […]

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