Nigeria Customs Service Vows to Combat Illegal Grain Smuggling
The Nigeria Customs Service (NCS) has reaffirmed its commitment to ramping up efforts to combat the illicit smuggling of Nigeria’s […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Outcry as Cement Price Reduction Fails to Satisfy Builders
Developers within the construction industry have expressed dissatisfaction with the recent agreement between the Federal Government and cement manufacturers regarding
US Dollar Supply Jumps 76.62% in Forex Market as Naira Sees Slight Gain
The US Dollar supply in the official foreign exchange market surged by 76.61% to $117.32 million, leading to a marginal
African Business News
Nigeria’s Diesel Price Stays at N1,400 per Litre, NARTO Demands Freight Rate Increase
The price of Automotive Gas Oil (diesel) in Nigeria remains at N1,400 per litre, doubling from its rate of N700
Nigeria Seeks $10 Billion to Stabilize Exchange Rate Amid Naira Decline
The Nigerian Federal Government is taking steps to raise $10 billion to enhance foreign exchange liquidity and stabilize the naira,
Nigeria Transfers Zungeru Hydroelectric Power Plant to Private Operator
The Nigerian government has officially handed over the operations of the Zungeru Hydroelectric Power Plant to Penstock Limited. The transfer
The Challenge of Naira Depreciation and Inflation: NACCIMA’s Strategies for Nigeria’s Economic Sustainability
February 20, 2024 The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele
Nigerian Naira Sees Slight Gain Against US Dollar Amidst Market Volatility
In a shift from recent trends, the Nigerian naira experienced a marginal increase in value against the US dollar in
African Business News
Nigerian Cinemas Achieve N1.2 Billion Revenue in January 2024 Amid Economic Hardship
In a recent interview with the National President of the Cinema Exhibitors Association of Nigeria (CEAN), Opeyemi Ajayi, it was
FX crisis: NSA, CBN initiate new scheme against currency speculators
February 20, 2024 The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) have initiated a joint beat
Tinubu Unveils Ambitious Plans to Boost Economy and Create Jobs
President Bola Ahmed Tinubu has revealed a groundbreaking strategy aimed at generating millions of employment opportunities and doubling Nigeria’s Gross
FG Threatens to Open Borders for Cement Importation
February 20, 2024 The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement