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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Lagos, Delta top states’ N5.33tn domestic debts

By Ifunanya / April 2, 2023

DG, Debt Management Office, Patience Oniha The domestic debt owed by state governments and the Federal Capital Territory administration rose […]

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Lafarge, MTN, six others vote N744bn dividends

By Ifunanya / April 2, 2023

Some investors in the Nigerian Exchange Limited are due to receive over N744bn in dividend as announced by at least […]

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Nigeria struggling with 5,000mw generation capacity since I was born – Femi Otedola laments

By Ifunanya / April 1, 2023

The Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola, says there has not been improvement in Nigeria’s […]

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Moruf Oseni takes over as MD/CEO Wema Bank Plc

By Ifunanya / April 1, 2023

Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. […]

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Nigeria, Pakistan to improve bilateral trade

By Ifunanya / April 1, 2023

Minister of Aviation, Hadi Sirika The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the […]

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NSIA grows net assets by 10% to N1tn

By Ifunanya / April 1, 2023

The manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent […]

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Nigerians buy one million air conditioners yearly – UN

By Ifunanya / March 31, 2023

United Nations Environment Programme representative Brian Holu disclosed that over one million air conditioners were sold annually in Nigeria, adding […]

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NSIA grows net assets by 10.5 per cent to N1.02tn  

By Ifunanya / March 31, 2023

www.ashryainfra.com Manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent […]

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4444 nigerias debt profile to hit 77tn amid rising repayment burden dmo

Nigeria’s debt stock increases by 6.69trn in 1 year

By Ifunanya / March 31, 2023

Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, representing a N6.69 trillion […]

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Controversy surrounds Sylva’s alleged resignation

By Ifunanya / March 31, 2023

Minister of State for Petroleum, Timipre Sylva There were claims, on Thursday, that the Minister of State for Petroleum Resources, […]

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