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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Nigerians lament economic woes over Naira crisis amid election

By Ifunanya / February 27, 2023

As the focus shifted to Saturday’s Presidential and National Assembly elections results, Nigerians have continued to lament the untold hardship […]

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UNECA projects $1.977b African economy by 2030

By Ifunanya / February 27, 2023

An economic advisory group, the United Nations Economic Commission for Africa, UNECA, has projected Africa’s economy to reach 1,977.6 billion […]

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NCAA lauds Dana for safety standard

By Ifunanya / February 27, 2023

The Nigerian Civil Aviation Authority has commended Dana Air for grounding its airplanes for proper maintenance checks. The Director General […]

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Manufacturing slowdown fuelling FX shortage – NESG

By Ifunanya / February 27, 2023

The Nigerian Economic Group Summit says Nigeria’s weak manufacturing is a major factor fuelling shortage of foreign exchange The NESG […]

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Oil production slows by 13% –Report

By Ifunanya / February 26, 2023

FILE PHOTO: Crude oil production Crude oil production which accounts for around two-thirds of government revenue and 90 per cent […]

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FG identifies new fields for 681,000bpd oil production

By Ifunanya / February 26, 2023

The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and […]

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Exporters eye $158bn market as FG lifts charcoal ban

By Ifunanya / February 25, 2023

To boost the country’s foreign exchange earnings, the Federal Government has announced the conditional lifting of the charcoal and processed […]

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CBN announces tenure limit for bank MD, DMDs, EDs

By Ifunanya / February 25, 2023

The Central Bank of Nigeria (CBN) has announced a tenure limit for Executive Management and Non-Executive Directors of banks and […]

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FG to regulate electrical equipment importers

By Ifunanya / February 25, 2023

The Federal Government has commenced the registration of importers of electrical electronic equipment across the country in a bid to […]

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Vandals jailed for stealing EKEDC property

By Ifunanya / February 25, 2023

A magistrate court has sentenced two culprits to different jail terms for vandalising property belonging to Eko Electricity Distribution Company. […]

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