African Business News

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

Naira ends week with drop against dollar

By Ifunanya / January 10, 2025

The naira depreciated against the dollar to end the week on a negative note at the official foreign exchange market. […]

Continue Reading

CBN unveils Non-Resident Nigerian Ordinary Account to boost diaspora investments

By Ifunanya / January 10, 2025

The Central Bank of Nigeria has announced non-resident Nigerian ordinary accounts and non-resident Nigerian investment accounts for citizens in the […]

Continue Reading

Nigeria’s Accountant-General vows to tackle revenue shortfall, boost remittances

By Ifunanya / January 10, 2025

The Accountant General of the Federation, AGF, has vowed to tackle revenue shortfall in Nigeria through the introduction of aggressive […]

Continue Reading

Again AEDC announces power outage in Abuja, gives reason

By Ifunanya / January 10, 2025

The Abuja Electricity Distribution Company, AEDC, has announced another power outage in parts of the Federal Capital Territory, Abuja. The […]

Continue Reading

Investors rank in N792bn as stocks maintain bullish trend

By Ifunanya / January 10, 2025

Investors in the Nigerian Exchange Market raked in N792 billion in gains as stocks maintained a bullish trend on Thursday. […]

Continue Reading

Ghana, Egypt announce December inflation data as Nigeria awaits figure

By Ifunanya / January 10, 2025

Ghana and Egypt have announced their inflation figures for December 2024 as Nigeria awaits its own release. Samuel Kobina Annim, […]

Continue Reading

Naira appreciates against dollar first time this week

By Ifunanya / January 9, 2025

The naira appreciated against the dollar at the official foreign exchange market for the first time this week.FMDQ data showed […]

Continue Reading

Planned telecoms tariff hike will reduce inflation – Bismarck Rewane

By Ifunanya / January 9, 2025

The Chief Executive Officer of Financial Derivatives, Bismarck Rewane, has said the proposed tariff hike by telecommunications will help reduce […]

Continue Reading

TCN announces outage in Oyo over maintenance

By Ifunanya / January 9, 2025

The Transmission Company of Nigeria has announced that there will be an electricity disruption in parts of Oyo State on […]

Continue Reading

Port Harcourt Refinery: Slow pace of work on East-West Road hindering PMS supply – PETROAN

By Ifunanya / January 9, 2025

The Petroleum Retail Outlets Owners Association of Nigeria, PETROAN, has expressed displeasure over the slow pace Renold Construction Company, RCC, […]

Continue Reading

FBH shareholders plot removal of Otedola as chairman, call for AGM

By Ifunanya / January 9, 2025

The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called […]

Continue Reading

Fuel price: N100bn grant not free money – PETROAN

By Ifunanya / January 9, 2025

The Petroleum Product Retail Outlet Owners Association has explained that the N100 billion intervention request from President Bola Ahmed Tinubu […]

Continue Reading

Alleged fraud: Emefiele loses bid to stop $4.5bn, N2.8bn case

By Ifunanya / January 9, 2025

The Lagos State Special Offences Court, on Wednesday, dismissed an application filed by former governor of the Central Bank of […]

Continue Reading

Naira falls against dollar for third consecutive day

By Ifunanya / January 8, 2025

The naira fell for the third straight time against the dollar at the foreign exchange in 2025. This comes as […]

Continue Reading

Call, Data Tariffs will increase — Nigerian Minister, Tijani declares

By Ifunanya / January 8, 2025

The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has confirmed that Nigeria’s telecommunications tariffs will soon increase. […]

Continue Reading

Nigerian Minister meets telcos over fresh call for data tariff hike

By Ifunanya / January 8, 2025

Nigeria’s Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, is currently meeting with representatives of telecommunications companies amid mounting […]

Continue Reading

Seplat to revamp over 400 idle oil wells in Nigeria

By Ifunanya / January 8, 2025

Seplat Energy said moves are underway to rejuvenate over 400 idle Nigerian oil wells. Eleanor Adaralegbe, Seplat’s chief financial officer […]

Continue Reading

Nigerian Govt gets $255m Chinese loan for Kano-Kaduna railway project

By Ifunanya / January 8, 2025

China Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway […]

Continue Reading

Nigeria’s external reserves increase to $40.920bn

By Ifunanya / January 8, 2025

Nigeria’s external reserves increased to $40.920 billion as of January 6, 2025, up from $40.292 billion recorded on December 2, […]

Continue Reading

Fuel price: PETROAN to sign direct purchase agreement with three Nigerian refineries

By Ifunanya / January 8, 2025

Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has announced that it will sign a direct purchase agreement with […]

Continue Reading
Scroll to Top