African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

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TUC threatens to sue FG over fuel, naira scarcity

By Ifunanya / February 10, 2023

The Trade Union Congress on Thursday threatened to take “constitutional and legal ways” against the Federal Government over the lingering […]

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17160 Fuel queue

FG vows sanctions for fuel marketers rejecting PoS, transfers

By Ifunanya / February 10, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The Federal Government, on Thursday, commenced the deployment of […]

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How naira scarcity affects supply of fuel – IPMAN

By Ifunanya / February 10, 2023

The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency […]

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Naira gains 0.07 percent at Investors and Exporters window

By Ifunanya / February 10, 2023

Amid the national currency crisis, the naira on Wednesday exchanged at N461.17 to the dollar at the Investors and Exporters […]

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17421 Fuel retailing

Ways to reduce fuel consumption in your car

By Ifunanya / February 10, 2023

Fuel in Nigeria has become a scarce commodity and the possibility of getting it after a long queue is not […]

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PoS transactions grow by 40%, e-payment hits N39.58tn – NIBSS

By Ifunanya / February 10, 2023

Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions […]

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Nigeria generates $4.8bn from non-oil exports in 2022 – NEPC

By Ifunanya / February 10, 2023

The Nigerian Export Promotion Council, NEPC, said the country generated $4.8b in revenue from non-oil exports in the year 2022. […]

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Allow old, new naira notes to co-circulate for six months – CPPE tells FG, CBN

By Ifunanya / February 10, 2023

Following the Supreme Court judgement restraining the Federal Government and the Central Bank of Nigeria from enforcing the February 10 […]

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FEC approves N117bn for Oloibiri research centre

By Ifunanya / February 10, 2023

The Federal Government, on Wednesday, said marketers who engaged in racketeering activities were responsible for the rising cost and scarcity […]

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17322 MUAZU SAMBO

Uncertainty as cabotage funds widen division among shipowners

By Ifunanya / February 10, 2023

Although, the President, General Muhammadu Buhari (retd) has twice approved the disbursement of Cabotage Vessels Financing Funds to shipowners to […]

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