African Business News

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

Nigerian telcos give update on 50% telecoms tariff hike

Nigerian telcos give update on 50% telecoms tariff hike

By Ifunanya / January 23, 2025

Telecommunications companies operating in Nigeria have revealed that they will soon commence charging subscribers the 50 percent call, data, and […]

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Grain prices drop in Gombe markets as traders experience low patronage

By Ifunanya / January 23, 2025

Prices of grains have dropped in Gombe markets due to a decline in demand for the produce.Visits to the Gombe […]

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CBN okays release of FX code

CBN okays release of FX code

By Ifunanya / January 22, 2025

The Central Bank of Nigeria, CBN, has approved the release of the Nigerian Foreign Exchange, FX Code. According to the […]

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Naira gains significantly against dollar on black market

By Ifunanya / January 22, 2025

The naira firmed up significantly against the dollar at parallel foreign exchange markets on Wednesday. A Bureau de Change operator, […]

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NEITI backs 2024 tax reform bill

NEITI backs 2024 tax reform bill

By Ifunanya / January 22, 2025

The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its full support for the 2024 Tax Reform Bill currently before […]

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Nigerian airline secures IATA certification

By Ifunanya / January 22, 2025

A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit, IOSA, certification. The company made this […]

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NNPC jerks up fuel price

NNPC jerks up fuel price

By Ifunanya / January 22, 2025

The Nigerian National Petroleum Company Limited has increased the price of Premium Motor Spirit, petrol, across its retail outlets. Media […]

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How Trump's policy will impact petrol prices, Naira - CPPE

How Trump’s policy will impact petrol prices, Naira – CPPE

By Ifunanya / January 22, 2025

The Centre for the Promotion of Private Enterprise has explained the implications of United States President, Donald Trump’s administration on […]

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Naira drops against dollar on official, black markets

By Ifunanya / January 21, 2025

The naira dipped against the dollar in both official and parallel foreign exchange markets on Tuesday. FMDQ data showed that […]

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NASS to consider increased funding for govt watchdog agencies

By Ifunanya / January 21, 2025

The Nigerian Senate has vowed to allocate adequate funds to agencies of government that play watchdog roles, stating that those […]

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50% telecom tariff hike: POS operators to hike charges

50% telecom tariff hike: POS operators to hike charges

By Ifunanya / January 21, 2025

The Association of Mobile Money & Bank Agents in Nigeria has said its members may have no option but to […]

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Why we slammed ban on two Nigerian companies - World Bank

Why we slammed ban on two Nigerian companies – World Bank

By Ifunanya / January 21, 2025

The World Bank Group has explained why it announced a 30-month debarment of two Nigerian companies, including Viva Atlantic Limited […]

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50% telecoms tariff hike: Nigerians to drag FG to court ​

50% telecoms tariff hike: Nigerians to drag FG to court ​

By Ifunanya / January 21, 2025

Nigerians have vowed to drag the federal government to court over approval of a 50 percent increase in calls, data, […]

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Bitcoin soars to all-time high ahead of Donald Trump's inauguration

Bitcoin soars to all-time high ahead of Donald Trump’s inauguration

By Ifunanya / January 20, 2025

Ahead of President Donald Trump’s inauguration on Monday, the price of Bitcoin has crossed $108,000 mark. According to data by […]

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Fuel scarcity looms in Rivers — PETROAN raises alarm

Fuel scarcity looms in Rivers — PETROAN raises alarm

By Ifunanya / January 20, 2025

Petroleum Products Retail Outlets Owners Association has raised an alarm over looming fuel scarcity due to the activities of a […]

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Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike

Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike

By Ifunanya / January 20, 2025

Dangote Refinery and Petroleum Products Marketers have shifted the blame for the recent premium motor spirit price hike to global […]

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SEC advises CMOs to renew their registration before January 31

SEC advises CMOs to renew their registration before January 31

By Ifunanya / January 20, 2025

The Capital Market Operators, CMOs, have been advised by the Securities and Exchange Commission, SEC, to ensure that they renew […]

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Blackout: Over 18 transmission towers vandalised in five days - TCN

Blackout: Over 18 transmission towers vandalised in five days – TCN

By Ifunanya / January 20, 2025

The Transmission Company of Nigeria has said that over 18 transmission towers were vandalized between January 9 and 14, 2025. […]

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Increase in fuel price not our fault — Dangote Refinery

Increase in fuel price not our fault — Dangote Refinery

By Ifunanya / January 19, 2025

Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related […]

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Tax bills will be passed in Q1, implementation to commence in July - Oyedele

Tax bills will be passed in Q1, implementation to commence in July – Oyedele

By Ifunanya / January 19, 2025

The Chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, says the tax reform bills will […]

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