African Business News

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

CBN okays release of FX code

2025 licence renewal fee: CBN grants BDC operators waiver

By Ifunanya / January 28, 2025

The Central Bank of Nigeria has granted a waiver to authorized Bureau De Change operators on the 2025 non-refundable annual […]

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Hardship: We’re focused on easing your pains – VP Shettima assures Nigerians

By Ifunanya / January 28, 2025

Vice President of Nigeria, kashim Shettima on Monday assured Nigerians that the President Bola Tinubu-led administration is working tediously to […]

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Microsoft in talks to acquire TikTok -Trump

By Ifunanya / January 28, 2025

US President Donald Trump on Monday said that Microsoft is in talks to acquire TikTok, while the app’s future in […]

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USSD debt: NCC, telcos give update on Nigerian banks’ disconnection

By Ifunanya / January 28, 2025

The Nigerian Communications Commission and telecommunications companies have ruled out a deadline extension after Nigerian banks’ disconnection notice from Unstructured […]

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CBN releases FX Code as Naira appreciates against dollar

CBN releases FX Code as Naira appreciates against dollar

By Ifunanya / January 28, 2025

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against […]

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Migrants deportation: Trump slams 25% tariffs on Colombia

By Ifunanya / January 27, 2025

US President, Donald Trump, has slammed 25 percent tariffs on Colombia after its president barred two military planes carrying deported […]

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Fuel price to reduce as global crude cost lowers

By Ifunanya / January 27, 2025

The reduction in the global prices of crude may lead to a drop in the prices of premium motor spirit […]

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Nigeria’s external reserves experience decline

By Ifunanya / January 27, 2025

Nigeria’s external reserves dropped to $39.991 billion on 23 January, 2025 from $40.035 billion on 20 January, the same year. […]

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Being sidelined by Trump is exactly what Africa needs – CBN ex-Deputy Gov, Moghalu

By Ifunanya / January 27, 2025

Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has suggested that being sidelined by United States […]

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Three states with highest cooking gas prices in Nigeria — NBS

Three states with highest cooking gas prices in Nigeria — NBS

By Ifunanya / January 26, 2025

The National Bureau of Statistics, NBS, has said that Taraba, Lagos, and Benue have the highest prices for liquefied petroleum […]

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Naira gains N20 weekly against Dollar

Naira gains N20 weekly against Dollar

By Ifunanya / January 26, 2025

The Naira gained N18.85 and N20 against the dollar on a week-on-week basis, respectively, at the official and parallel foreign […]

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CBN okays release of FX code

What CBN must do to win fight against rising inflation – World Bank, IMF

By Ifunanya / January 26, 2025

The World Bank Group and International Monetary Fund have told the Central Bank of Nigeria how to win a fight […]

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Naira records significant appreciation against dollar

By Ifunanya / January 24, 2025

The naira appreciated significantly at the official foreign exchange market to end the week stronger. FMDQ data showed that the […]

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AFAN calls for urgent steps to address food availability in Nigeria

By Ifunanya / January 24, 2025

The President of the All Farmers Association of Nigeria, AFAN, Architect Kabir Ibrahim, has stressed the urgent need for action […]

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N580bn runways budget: Why I’m ready to lose my job – FAAN MD, Kuku

By Ifunanya / January 24, 2025

The Managing Director of the Federal Airport Authority of Nigeria, Olubunmi Kuku, has declared readiness to resign her position over […]

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50% Telecoms tariff hike: Subscribers reject planned NLC shutdown

By Ifunanya / January 24, 2025

The National Association of Telecommunications Subscribers has rejected the shutdown and boycott of telecom service proposal by the Nigeria Labour […]

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Naira extends appreciation against dollar

By Ifunanya / January 24, 2025

The Naira extended its appreciation against the dollar at the foreign exchange market on Thursday. FMDQ data showed that the […]

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Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso

Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso

By Ifunanya / January 23, 2025

The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, said the country’s Gross Domestic Product is expected to grow […]

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Why Nigeria’s 15% inflation rate target possible—Oyedele

By Ifunanya / January 23, 2025

The Chairman of the Ptesidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained that Nigeria’s 15 percent […]

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Nigeria spent N3.57tn on debt servicing in Q3, 2024 – DMO

By Ifunanya / January 23, 2025

Nigeria’s total debt service costs, which include external and domestic obligations, rose to N3.57 trillion in the third quarter of […]

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