African Business News

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

40357 oil price jumps as opec cuts production

Oil price jumps as OPEC+ cuts production

By Ifunanya / April 4, 2023

Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations […]

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11619 FASHOLA

Real estate investment suffers setback as land registration bottleneck worsens

By Ifunanya / April 4, 2023

JOSEPHINE OGUNDEJI writes in this piece about the complexity of land documentation in the country and how the simplification of […]

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40206 stakeholders fault ports task force over n5 4bn demurrage claim

Stakeholders fault ports task force over N5.4bn demurrage claim

By Ifunanya / April 4, 2023

Maritime stakeholders have faulted the claims by the Ports Standing Task Team that its operations saved visiting ships N5.4bn they […]

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FG to launch digital postcode in June 2023

By Ifunanya / April 3, 2023

The Federal Government has concluded plans to launch the digital postcode system in Nigeria in June 2023. The Postmaster General […]

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51263 nigerias indebtedness to world bank now n6tn

Chinese loans rise by 209% under Buhari, hit $4bn

By Ifunanya / April 3, 2023

The President, Major General Muhammadu Buhari (retd.) Federal Government’s borrowing from China has grown by 209.15 per cent under the […]

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External reserves fell by $1.46bn in Q1 2023 – CBN

By Ifunanya / April 3, 2023

According to data from the Central Bank of Nigeria, CBN, Nigeria’s external reserves fell by $1.46bn between January and March. […]

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Delta, Akwa Ibom, Rivers lead as states share N9.3tn in three years

By Ifunanya / April 3, 2023

The 36 states in Nigeria shared a total of about N9.3tn as federal allocation between June 2019 and December 2022, […]

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External reserves fall by $1.46bn in two months- CBN

By Ifunanya / April 3, 2023

Governor of Central Bank of Nigeria, Godwin Emefiele The country’s external reserves fell by $1.46bn between January and March, figures […]

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39621 oseni takes over as wema bank substantive md

Oseni takes over as Wema Bank substantive MD

By Ifunanya / April 3, 2023

Wema Bank Plc has appointed Moruf Oseni as the substantive managing director and chief executive officer effective April 1, 2023. […]

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Nigeria to save $1.3bn by eliminating substandard products – UN

By Ifunanya / April 2, 2023

The United Nations Environment Programme has said Nigeria will save about $1.3 billion yearly if it stops using air conditioners […]

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