African Business News

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19313 NBS

Inflation soars to 21.82% amid naira redesign

By Ifunanya / February 16, 2023

Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid […]

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19317 OPEC headquarters e1478869133708

Nigeria’s daily oil production rises to 1.235 million barrels

By Ifunanya / February 16, 2023

Nigeria’s oil production increased month-on-month by 1.9 per cent from 1.235 million barrels per day recorded in December 2022 to […]

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11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

Cash-induced recession imminent – Experts warn as naira scarcity persists

By Ifunanya / February 15, 2023

As the naira scarcity lingers with its attendant effect on Nigerians, financial experts have warned that the country may slip […]

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Rehabilitation of refineries will reduce fuel scarcity –NNPC

By Ifunanya / February 15, 2023

The Nigerian National Petroleum Company Limited has said it plans to reduce fuel scarcity and increase dependence on natural gas […]

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19196 Ganduje

Kano traders, okada riders defy Ganduje’s order on old notes

By Ifunanya / February 15, 2023

Kano State Governor, Abdullahi Ganduje There was confusion in Kano on Wednesday as traders and commercial tricycle operators rejected the […]

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30454 concerns over nigerias inflation free rise expert explains

Nigeria’s inflation hits 21.82 percent

By Ifunanya / February 15, 2023

Nigeria’s January inflation figure rose from 21.34 per cent in December to 21.82 per cent in January, according to National […]

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16881 naira swap nigerians react as supreme court suspends cbns feb 10 deadline

CBN: How naira scarcity can be resolved – Financial expert

By Ifunanya / February 15, 2023

Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank […]

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Minister rejects proposal seeking to establish new agencies

By Ifunanya / February 15, 2023

Minister of Finance, Budget and National Planning, Zainab Ahmed A proposal for the creation of new agencies to monitor and […]

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19090 Kainji Hydropower Plant

Power consumers condemn Discos’ double-revenue target amidst tariff hike

By Ifunanya / February 15, 2023

With the newly increased electricity tariffs and stable market indices, the income of the electricity distribution companies may swell in […]

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24529 naira loses further at official market amid currency scarcity

Currency swap: Naira begins new week on positive note, appreciates marginally against dollar

By Ifunanya / February 15, 2023

The Naira on Monday exchanged at N461 to the dollar at the Investors and Exporters window. The number represented an […]

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