Nigeria Urged to Invoice Crude Oil Sales in Foreign Currency to Curb Naira Free Fall
Amid the recent volatility of the Naira at the foreign exchange market, economist Paul Alaje has advised the Nigerian government […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Takes Action to Address Nationwide Power Outages
The Nigerian Government has stepped up efforts to resolve the electricity blackouts affecting various parts of the country. Minister of
Government Increases Exchange Rate for Cargo Clearance, Affecting Nigerian Importers
The Central Bank of Nigeria, on behalf of the Federal Government, has raised the exchange rate for cargo clearance from
African Business News
Nigeria’s Price Hike Imminent as Central Bank Increases Customs Exchange Rate
The Central Bank of Nigeria (CBN) has announced a significant increase in the Nigeria Customs Service exchange rate for importation,
CBN Unveils New Guidelines for International Money Transfer Amid Forex Crisis
In response to Nigeria’s foreign exchange crisis, the Central Bank of Nigeria (CBN) has released updated guidelines for International Money
Nigeria’s $900 Billion Real Estate Dead Capital Stifles Economic Potential
PricewaterhouseCoopers (PwC) in Nigeria has reported that the country holds an estimated $900 billion in dead capital locked up in
Atiku Abubakar Condemns CBN’s Takeover of Crude Oil Sales from NNPC as Illegal
Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party (PDP), has strongly criticized the decision of the Central
Nigeria’s Non-Productive Employment Sector Hinders Economic Progress, Says Presidential Committee Chairman
In a statement at the Africa Trade and Investment Summit, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy
Zuckerberg apologises to families of children harmed by social media
….Mr Zuckerberg stood up and addressed families who held up pictures of their children who they said had been harmed
Spiralling Dollar/Naira Rate: CBN Orders Nigeria Banks To Sell Their Excess Dollars within 24 hours
Feb 1, 2024 By Reporter CBN Governor, Dr Olayemi Cardoso In fresh moves to stabilise the nation’s volatile exchange rate,
BUA Foods Records 89% Increase in Gross Profit, Defies Economic Challenges
BUA Foods Plc, a prominent food business, revealed impressive unaudited financial results for the 12-month period ending December 31, 2023.
Abuja Bureau De Change Operators Halt Business Due to Dollar Shortage
Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to a scarcity of dollars,