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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CBN disburses N114bn under 100-for-100 policy

By Ifunanya / March 7, 2023

The Central Bank of Nigeria, CBN, said it had released N114.17 billion to beneficiaries under its 100-for-100 Policy on Production […]

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CBN faults IMF’s abysmal rating of Anchor Borrowers’ Programme

By Ifunanya / March 7, 2023

The Central Bank of Nigeria, CBN, has said N503 billion, representing 52.39 per cent, has been repaid by farmers under […]

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FCMB congratulates Babban Gona for winning the Schwab Award

By Ifunanya / March 6, 2023

First City Monument Bank (FCMB) congratulates Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social […]

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Naira redesign: Buhari’s order to CBN will do magic – Etiaba

By Ifunanya / March 6, 2023

Three days after the Supreme Court verdict on the old Naira notes’ validity, a Senior Advocate of Nigeria, Emeka Etiaba, […]

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Flutterwave denies losing N2.9bn to hackers

By Ifunanya / March 6, 2023

African fintech unicorn Flutterwave has denied losing the sum of  ₦2,949,557,867 to hackers. It was earlier reported on Sunday that […]

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How BVAS, IReV failed first election’s stress test

By Ifunanya / March 6, 2023

Following the conclusion of the presidential and National Assembly elections, questions have been raised about the performance of the Bimodal […]

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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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