Rice Millers Report Shortage of Paddy, Impacting Nigerian Production
Rice millers in Nigeria are facing challenges due to a shortage of paddy, hindering their ability to produce rice in […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira Weakens as EFCC Targets BDCs, Govt Revenue Distribution Raises Concerns
The Nigerian naira faced a sharp decline against the US dollar in the foreign exchange market amidst the Economic and
African Business News
N42 Billion Debt Crisis: Corpses Decomposing in Nigerian Army Mortuaries Due to Power Outage
In a distressing revelation, the Chief of Army Staff, Lt General Taoreed Lagbaja, has expressed concern about corpses decomposing in
Binance, OctaFX, Coinbase, others blocked over forex crisis
February 23, 2024 The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation
Debate on ditching CFA begins as Burkina Faso, Mali, Niger forge new path
Amid talk of ditching the West African franc, a colonial-era legacy, analysts unpack what it means for the three troubled
Nigeria’s Financial and Telecom Sectors Propel 3.46% GDP Growth in Q4 2023
The Nigerian Gross Domestic Product expanded by 3.46% in the fourth quarter of 2023, propelled by growth in the financial,
Rehabilitation Funds in Place for Nigerian Ports, Says Federal Government
The Federal Government of Nigeria has announced that the $1.1 billion required for the rehabilitation of the country’s ports is
African Business News
Rubber Farmers Voice Concerns Over Government Neglect and Revenue Loss
Brothers Saviour and Solomon Iwot have inherited the family rubber business in Cross River State, Nigeria from their 82-year-old father,
Ibrahim Adeyanju: The New CEO of Galaxy Backbone
Ibrahim Adeyanju has been appointed as the new CEO of Galaxy Backbone Limited by President Bola Ahmed Tinubu, marking a
FG, States, Councils share N1.149tr for January 2024
February 22, 2024 A total revenue of N2.068 trillion was collected in the month of January 2024 into the Federation
Dollar will crash in less than a month – Dapo Abiodun
February 22, 2024 Ogun state governor, Dapo Abiodun, said that the value of the dollar to naira will crash in less
EFCC Cracks Down on Illegal Forex Traders in Abuja as Naira Strengthens
Economic and Financial Crime Commission (EFCC) officials stormed the illegal Bureau de Change (BDC) market in Wuse Zone 4, Abuja,