CIBN Advocates for Senate Approval of Proposed Act Bill
The Chartered Institute of Bankers of Nigeria (CIBN) has urged the Senate to pass its proposed Act Bill, as President […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Lagos State Government Disburses N138.1 Billion in Pensions Over Seven Years
The Lagos State Government has revealed that it has paid out a total of N138.1 billion in accrued pension rights
Central Bank of Nigeria Lowers Import Duty Exchange Rate by 2.8% in 2024
The Central Bank of Nigeria (CBN) has announced a 2.8% reduction in the exchange rate for computing customs duties following
Naira’s Depreciation Against US Dollar Continues Amid CBN’s Interventions
The Naira experienced a significant depreciation against the US dollar at the end of last week, with the foreign exchange
Naira Slides as Banks Sell $3.3 Billion Amid CBN Efforts
The Nigerian naira experienced a recent decline in both official and parallel foreign exchange markets on Friday. The national currency
Supreme Court voids AMCON takeover of Lagos Hotel
on February 17, 2024 The Supreme Court on Friday affirmed the judgment of the Court of Appeal which nullified the takeover
Bola Tinubu Approves Continuation of Tax Credit Scheme, Federal Inland Revenue Service Confirms
In a significant development, the Federal Inland Revenue Service (FIRS) announced on Friday that President Bola Tinubu has given the
Can Africa’s New Trade Treaty Revolutionize Business on the Continent?
African countries that have long traded with others outside the continent are now shipping goods to each other. Feb 16,
Nigeria Customs Seize N1.975bn Worth of Goods in Six Weeks
In a span of six weeks, the Nigeria Customs Service has reported a staggering N1.975 billion in revenue from confiscated
Cement Prices Skyrocket in Nigeria’s Capital, Abuja
The price of a 50-kilogram bag of cement has surged to between N10,000 and N15,000 in the Federal Capital Territory,
CBN Raises Price Verification System Limit to 15%
The Central Bank of Nigeria (CBN) has announced a significant increase in the Price Verification System (PVS) limit from 2.5%
Kaduna Electric Boosts Employee Morale Amidst N110 Billion Debt
The Kaduna Electricity Distribution Company has taken a significant step by increasing its employees’ salaries by 10 percent despite grappling