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 […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
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,
Nigerian Government Vows to Generate 100,000 Jobs for MSMEs
The Nigerian government has unveiled an ambitious plan to create over 100,000 new jobs by May 29, aiming to address
GDP grows by 3.46% in Q3 2023
February 22, 2024 The National Bureau of Statistics (NBS) on Thursday, February 22, said the country’s Gross Domestic Product (GDP) grew by
FG stops export of cooking gas to reduce price
February 22, 2024 The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum
Surge in US Dollar Supply Boosts Naira at Official Forex Market
The US Dollar supply turnover at Wednesday’s official foreign exchange market witnessed a remarkable 51% surge, reaching $240.72 million, ultimately
Nigeria/CBN: Ask dollar/naira billionaires for a $50b loan
February 21, 2024 The African Development Bank under its determined president, Akinwumi Adesina is lifting Africa up with hope for the future.
African Business News
Nigeria’s Naira Devaluation: Expert Urges Government to Rethink EFCC Crackdown on BDCs
Bismarck Rewane, CEO of Financial Derivatives Company, has advised President Bola Tinubu to reconsider the recent clampdown by the Economic
African Business News
Fuel Shortage Sparks Queues in Lagos and Abuja
The reappearance of long queues at fuel stations in Lagos and the Federal Capital Territory has been attributed to supply
Nigerian Senate Launches Probe into Soaring Cement Prices
Amid concerns over the steep increase in cement prices, the Nigerian Senate has announced plans to investigate the matter. The
Naira Surges on Binance Amidst Nigerian Cyberspace Restriction Concerns
Nigeria’s local currency, Naira, witnessed a significant surge on the cryptocurrency platform Binance, coinciding with reports of potential access restrictions