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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FG opens up on nationwide fuel scarcity, warns against panic-buying

By Ifunanya / March 5, 2023

The federal government has disclosed why there is slight fuel scarcity nationwide. It stated that the just concluded presidential and […]

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NSIA set to open Application Portal for Maiden Edition of NSIA Innovation Prize

By Ifunanya / March 5, 2023

Following the recent launch of its US$255,000 innovation prize to be awarded as a combination of cash and equity investment […]

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Naira scarcity may affect private business in Q1 – Report

By Ifunanya / March 5, 2023

The February Purchasing Managers’ Index data released by Stanbic IBTC Bank indicated that the shortage of cash across the country […]

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IMF warns CBN, others over rising inflation

By Ifunanya / March 5, 2023

The International Monetary Fund has urged the Central Bank of Nigeria and other monetary authorities to deemphasise monetary policy as […]

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NSIA opens application portal for $255,000 maiden innovation prize

By Ifunanya / March 4, 2023

Following the recent launch of its US$255,000 innovation prize to be awarded as a combination of cash and equity investment […]

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Naira loses further at official market amid currency scarcity

By Ifunanya / March 4, 2023

On Friday, Naira fell marginally against the US dollar at the Investors’ and Exporters’ window. The development further extended Naira […]

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Naira redesign: CPPE lauds Supreme Court ruling on old currency notes validity

By Ifunanya / March 4, 2023

The Centre for the Promotion of Private Enterprise, CPPE, has commended the ruling of the Supreme Court on the use […]

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Labour threatens to shut seaports over salary review

By Ifunanya / March 4, 2023

The Nigeria Labour Congress has threatened to shut down the country’s seaports over the government’s refusal to address some of […]

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Africa needs $614bn to tackle food insecurity – IFAD

By Ifunanya / March 4, 2023

The International Fund for Agricultural Development has stated that Africa needs a cumulative sum of $614bn by 2030 to address […]

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Currency swap: Naira loses further to dollar

By Ifunanya / March 3, 2023

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further […]

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