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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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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27369 gombe pdp wants apc campaign coordinator arrested for threatening parents

APC demands immediate resignation of Malami, Emefiele after Supreme Court verdict

By Ifunanya / March 3, 2023

… hails El-Rufai, others for fighting The National Vice Chairman (North-West) of the All Progressives Congress, Mallam Salihu Lukman, on […]

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24202 zenith bank gets approval to operate as holdingco

Zenith Bank gets approval to operate as HoldingCo

By Ifunanya / March 3, 2023

The Central Bank of Nigeria has given approval in principle to Zenith Bank to operate as a financial holding company. […]

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External reserves fell by $317m in February – CBN

By Ifunanya / March 3, 2023

Figures obtained from the Central Bank of Nigeria, CBN, shows the nation’s external reserves dropped by $317 million in February. […]

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1.9m Nigerians receive 116.4bn yearly through NSIP implementation

By Ifunanya / March 3, 2023

The federal government has disclosed that 1.9 million vulnerable, poor Nigerians received stipends of N5,000 each, totalling 111.6 billion yearly […]

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