Naira Struggles: CBN’s Liquidity Woes and Foreign Borrowing Challenges
The Central Bank of Nigeria is facing a liquidity crisis, according to a recent report by the Economist Intelligence Unit. […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
BREAKING: Bitcoin hits New record above $71,000
11th March 2024 Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid
Nigerian Government Owes N100 Billion in Electricity Debt: Executive Director’s Revelation
The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has revealed that the Nigerian government is facing
African Business News
Naira Rescue: Economist Intelligence Unit Urges Foreign Borrowing for Stability
The Economist Intelligence Unit, a renowned global research firm, has suggested that President Bola Ahmed Tinubu’s administration should consider foreign
TCN Confronts Vandalism: Shiroro-Katampe 330kV Transmission Line Targeted
The Transmission Company of Nigeria (TCN) has reported a disturbing trend of vandalism on its critical infrastructure, specifically the Shiroro-Katampe
Presidency Denies Allegations of N3tn Budget Padding in 2024 Budget
The Presidency has refuted claims of padding the 2024 budget by an additional N3tn, following accusations by Senator Abdul Ningi
Bridging the Digital Divide: World Bank Report on Computer Ownership in Nigeria and African Countries
Less than 20 per cent of households in Nigeria and other African countries own a computer, according to a recent
Tinubu Administration’s Responsive Approach to Expatriate Levy Suspension
The recent suspension of the Employment Expatriate Levy by the Nigerian government has been hailed as a positive step towards
Only the President can reopen borders – Customs boss
March 10, 2024 The Comptroller-General of Customs, Mr Adewale Adeniyi, on Saturday said that only President Bola Tinubu has the prerogative
Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per USD in 12 Months
Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per US Dollar in Twelve Months In a recent analysis of
Nigeria’s Foreign Trade Surges by 24.9% to N69.81 Trillion in 2023
Nigeria’s foreign trade has seen a significant boost, with a 24.9% increase in 2023, reaching a total of N69.81 trillion.
Police raid three funeral homes across East Yorkshire after becoming concerned for ‘care of the deceased’
9 March 2024 Police have raided three funeral homes across East Yorkshire after becoming concerned about the ‘care of the