Naira vs USD: CBN resumes sales of forex to BDCs
The Central Bank of Nigeria has resumed the sale of foreign currencies directly to eligible Bureau De Change Operators. CBN […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
BREAKING: CBN raises interest rate to 22.75% to tackle rising inflation
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 400 basis points
Forex crisis: Over $26bn funnelled through Binance without trace in 4 years – CBN Gov
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says more than $26 billion was funnelled through the cryptocurrency
African Business News
Senate probes Ajaokuta Steel Company, NIOMCO over alleged unlawful $496m payment
Worried by the alleged incidences of corruption and inefficiency at the Ajaokuta Steel Company Limited and the National Iron Ore
Senate plans six-year tenure for CBN Gov, N1trn recapitalization for banks
The Senate has set machinery in motion for amendment of the Central Bank of Nigeria, (CBN) Act, 2007, which will
Equity market sustains loss, sheds N773bn
The bears maintained their grip on the Nigerian Exchange on Tuesday, as the All-Share Index dipped 1.39 per cent . Investors lost N773bn underpinned on
CBN interest rate hike won’t tame price increase in Nigeria – CPPE
The Centre for the Promotion of Private Enterprise says an interest rate hike by the Central Bank of Nigeria will
Hardship: Naira may exchange for N4000 against US dollar – Ozekhome
Amid the current economic hardship, a Senior Advocate of Nigeria, SAN, Mike Ozekhome, has warned that the naira may exchange
Challenges in CNG Adoption Due to Gas Station Shortage
The insufficient number of Compressed Natural Gas (CNG) filling stations poses a significant challenge to the adoption of CNG-powered vehicles.
Nigerian Naira Strengthens Against US Dollar Amid Central Bank Meeting
In a positive turn of events, the Nigerian Naira continued its upward trajectory against the US Dollar in the foreign
Federal Commission Acts Against Overbilling by Jos Electricity Distribution Company
In a significant move, the Federal Competition and Consumer Protection Commission (FCCPC) has issued a directive to the Jos Electricity
Rise of Fake AI News Sites Highlights Global Misinformation Threat
A recent report revealed a concerning surge in the number of fake artificial intelligence (AI) news platforms, reaching a staggering