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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How ‘Yahoo Boys’ influence skyrocketing rent in cities

By Ifunanya / February 5, 2023

Forty-six-years-old trader, Mrs Janet Akinyele, was frustrated when she approached a house agent to inquire about a room, but was […]

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Fuel scarcity won’t end until refineries work – Marketers

By Ifunanya / February 5, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The incessant reoccurrence of the scarcity of Premium Motor […]

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No going back on road, haulage taxes – Ogun

By Ifunanya / February 5, 2023

The Executive Chairman, Ogun State Internal Revenue Service, Mr Olugbenga Olaleye, has reiterated the determination of the state government to […]

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FG faults Moody’s downgrade of Nigerian banks

By Ifunanya / February 5, 2023

The Federal Government on Thursday said it received with shock the report of an international rating agency, Moody’s Investors Service, […]

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African Alliance pays N25.7bn claims in three years

By Ifunanya / February 4, 2023

Life insurance company, African Alliance, said it paid N25.7bn claims to its policyholders in three years. The company which recently […]

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15699 Goddy Jeddy Agba

FG projects 9,000MW from renewable energy

By Ifunanya / February 4, 2023

Minister of State for Power, Goddy Jeddy-Agba The Federal Government, on Thursday, said it was currently implementing measures to ensure […]

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13274 nigeria launches new payment card afrigo to boost economy

Naira Redesign: We’re on our knees – Emefiele rules out extension of 10-day, begs Nigerians

By Ifunanya / February 4, 2023

The Central Bank of Nigeria, CBN Governor, Godwin Emefiele has ruled out the possibility of extending the 10-day grace for […]

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Twitter announces plans to share Ad revenue in reply threads

By Ifunanya / February 4, 2023

Twitter owner Elon Musk has announced the Blue App will share revenues from advertisements that appear in reply threads between […]

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12497 CBN

New naira: CBN insists on deadline, arrests hawkers

By Ifunanya / February 4, 2023

CBN Governor, Godwin Emefiele The Governor, Central Bank of Nigeria, Godwin Emefiele, has said law enforcement agencies have made arrests […]

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Why SMEs lack access to funds —Firm

By Ifunanya / February 4, 2023

The Chief Executive Officer, VerifyMe Nigeria, Esigie Aguele, has said the lack of trust infrastructure is hindering the growth of […]

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