African Business News

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

Strive to build fair, transparent capital market – SEC DG to stakeholders

By Ifunanya / December 27, 2024

The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has advised shareholders in the capital market to strive […]

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Nigeria's FX turnover surges to N23.95tn

Nigeria’s FX turnover surges to N23.95tn

By Ifunanya / December 27, 2024

The total foreign exchange market turnover increased to $14.39 billion (N23.95 trillion) at the end of November 2024. This is […]

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Real reason fuel price was reduced to N899/litre — Dangote

By Ifunanya / December 26, 2024

President of Dangote Group, Aliko Dangote, has explained that the reduction in the price of petrol from his refinery was […]

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FCT-IRS records N252.83bn from internally generated revenue in 2024

By Ifunanya / December 26, 2024

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record collection of N252.83 billion in Internally Generated Revenue […]

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2025: 5 percent inflation rate possible in Nigeria with $50bn FDI – Teriba

By Ifunanya / December 26, 2024

Popular Nigerian economist and Chief Executive of Economic Associates (EA), Ayo Teriba, says it is possible to bring Nigeria’s inflation […]

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FG spent N8.73bn on power supply for Nnamdi Azikiwe Int'l Airport, Abuja — Report

FG spent N8.73bn on power supply for Nnamdi Azikiwe Int’l Airport, Abuja — Report

By Ifunanya / December 25, 2024

The Federal Government of Nigeria spent N8.73 billion on airport power infrastructure in 2024, according to BudgIT’s report. The expenditure […]

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Christmas: FG subsidized transport cost for 144 routes, secured roads – Tinubu

By Ifunanya / December 25, 2024

President Bola Tinubu has disclosed that his administration has subsidized road transport costs on 144 routes across Nigeria during the […]

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Christmas: Naira strengthens against dollar on black market

By Ifunanya / December 24, 2024

The naira strengthened marginally against the dollar in the parallel foreign exchange market on Tuesday, Christmas Eve. A Bureau de […]

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Again NNPCL reduces fuel price

By Ifunanya / December 24, 2024

The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its retail price for Premium Motor Spirit, PMS, to N965 […]

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Firm condemns Nigerian Govt’s approval of Shell’s $2.4bn divestment

By Ifunanya / December 24, 2024

A Nigerian oil firm, Global Gas and Refining Limited, has condemned the Federal Government’s approval of Shell Petroleum Development Company’s […]

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Nigeria moving forward regardless of critics - Tinubu

Nigeria moving forward regardless of critics – Tinubu

By Ifunanya / December 24, 2024

President Bola Ahmed Tinubu has said that Nigeria is moving forward regardless of critics of his economic policies. Tinubu disclosed […]

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Marketers upbeat on further fuel price cut as Tinubu stamps subsidy removal

By Ifunanya / December 24, 2024

Nigeria’s oil marketers are upbeat on a further petrol price cut from between N935 and N965 per litre nationwide. This […]

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Kogi Assembly passes 2025 Appropriation Bill of N582.4 billion

By Ifunanya / December 24, 2024

Kogi State House of Assembly has passed into law the 2025 Appropriation Bill of N582,404,119.489. The passage of the budget, […]

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I meet financial obligations without NNPC, Ways & Means -Tinubu

By Ifunanya / December 24, 2024

President Bola Tinubu says for three straight months, he has fulfilled Nigeria’s financial obligations without touching remittance by Nigerian National […]

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Naira appreciates massively against dollar ahead Christmas holidays

By Ifunanya / December 23, 2024

The naira appreciated massively against the dollar in both parallel and official foreign exchange markets on Monday ahead of Christmas, […]

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Yuletide: Avoid panic buying, we’ve enough fuel – IPMAN urges Nigerians

By Ifunanya / December 23, 2024

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has urged Nigerians to avoid panic buying, assuring them that there is […]

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FCMB Group Shareholders Approve N340 Billion Capital Raise

FCMB Group Shareholders Approve N340 Billion Capital Raise

By Ifunanya / December 23, 2024

FCMB Group Plc has secured shareholder approval for a 340 billion naira capital raise. The approval, granted during an extraordinary […]

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Net FX inflow declines to $14.46bn in Q3 – CBN

By Ifunanya / December 23, 2024

The net foreign exchange inflow to the Nigerian economy in the third quarter of the year dropped by 2.97 percent […]

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Dangote fuel sells at N935/litre at MRS cheaper than NNPCL

By Ifunanya / December 23, 2024

Nigerians are buying Dangote Petrol at a reduced price of N935 per litre across MRS filling stations nationwide, N105 cheaper […]

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Court slams N30 million damages on MAON Homes and Facilities Management Ltd, Chibuzor Tony Okonkwo over assault on Emmanuel Jibunor

By Contributor / December 22, 2024

By Victor Okoye Lagos, Dec. 22, 2024 A Lagos State High Court has awarded the sum of over N30 million […]

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