African Business News

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12042 Godwin Emefiele

Cash limits: Customers protest as banks begin enforcement

By Ifunanya / January 10, 2023

Over 20 Deposit Money Banks on Monday began the implementation of the Central Bank of Nigeria’s new cash withdrawal limit […]

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33968 ipman faults minister over port harcourt refinery completion date

Scarcity: FG orders NNPC to reduce petrol price

By Ifunanya / January 10, 2023

The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its […]

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4418 canadian property policy will boost nigerian market stakeholders

30% of Nigerian architects migrated to Canada – Experts

By Ifunanya / January 10, 2023

The Chief Executive Officer of Interstate Architects Limited, Olusegun Ladega, has claimed that about 30 per cent of architects migrated […]

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4497 bank stocks drop by n141bn

Bank stocks drop by N141bn

By Ifunanya / January 10, 2023

Despite the Nigerian capital market closing the year on a bullish trend, banking sector performance ended the year out of […]

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EFCC recovers N13bn illegal fuel subsidy payment

By Ifunanya / January 9, 2023

The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime […]

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4444 nigerias debt profile to hit 77tn amid rising repayment burden dmo

Nigeria’s debt profile to hit 77tn amid rising repayment burden – DMO

By Ifunanya / January 9, 2023

Nigeria’s total debt figure will jump to 77 trillion if the National Assembly reconsiders President Muhammadu Buhari’s request for N22.7 […]

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4446 2023 budget fuel subsidy payment to gulp n3 36tn in six months finance minister

2023 budget: Fuel subsidy payment to gulp N3.36tn in six months – Finance Minister

By Ifunanya / January 9, 2023

Fuel subsidies payment in Nigeria to gulp N3.36 trillion in the first six months of 2023. By implication, subsidy payment […]

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4416 oil production hits nine month high

Oil production hits nine-month high

By Ifunanya / January 9, 2023

The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels […]

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4418 canadian property policy will boost nigerian market stakeholders

Canadian property policy will boost Nigerian market – Stakeholders

By Ifunanya / January 9, 2023

Stakeholders have said that Canada’s decision to close its door to foreign property investors would positively impact the Nigerian real […]

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4287 mass disconnection looms over n96bn discos customers debts

Mass disconnection looms over N96bn DisCos customers’ debts

By Ifunanya / January 9, 2023

Following the N95.8 billion owed by customers, there are indications that all electricity distribution companies (DisCos) may embark on mass […]

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