African Business News

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

Educate Nigerians on benefits of tax reform bill - Information Minister tells NIPR

Educate Nigerians on benefits of tax reform bill – Information Minister tells NIPR

By Ifunanya / December 8, 2024

The Minister of Information and National Orientation, Alhaji Muhammad Idris Malagi, has urged the Nigerian Institute of Public Relations (NIPR) […]

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Flight delays: Nigerian Govt to sanction errant airlines

Flight delays: Nigerian Govt to sanction errant airlines

By Ifunanya / December 8, 2024

The Federal Government, through the Nigeria Civil Aviation Authority, says it will sanction errant airlines for delaying flights unnecessarily, urging […]

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Nigeria’s Company Income Tax drops to N1.77trn in Q3 2024

By Ifunanya / December 7, 2024

Nigeria’s Company Income Tax dropped by 28.20 per cent to N1.77 trillion in the third quarter of 2024 from N2.47 […]

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Capital importation into Nigeria increases by 91.35%

By Ifunanya / December 7, 2024

Total capital importation into Nigeria increased by 91.35 percent to $1,252.66 million in the third quarter of 2024 compared to […]

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Nigeria’s VAT collection increases to N1.78trn in Q3 2024

By Ifunanya / December 7, 2024

Nigeria’s Value Added Tax collection increased by 14.16 percent to N1.78 trillion in the third quarter of 2024 from N1.56 […]

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Naira appreciates massively against dollar in official, black markets

By Ifunanya / December 7, 2024

The Naira appreciated massively at the official and parallel foreign exchange markets on Friday to end the week on a […]

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Nigeria’s economy still facing crisis – CBN

By Ifunanya / December 6, 2024

The Central Bank of Nigeria, CBN, has said that Nigeria remains in a financial and economic crisis. CBN Governor Yemi […]

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Fuel Price Slash: PETROAN, Dangote Refinery sign agreement on direct petrol sale

By Ifunanya / December 6, 2024

The Association of Nigeria Petroleum Products Retail Outlets Owners and Dangote Refinery have signed an agreement on direct premium motor […]

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World bank to grant world's poorest nations $24bn

World bank to grant world’s poorest nations $24bn

By Ifunanya / December 6, 2024

The World Bank announced it has raised about $24 billion to provide loans and grants for some of the world’s […]

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We will enhance our economic status despite economic difficulties - Women groups vow in Niger

We will enhance our economic status despite economic difficulties – Women groups vow in Niger

By Ifunanya / December 6, 2024

Women groups from Borgu, Edati, and Mokwa Local Government Areas of Niger State have pledged to enhance their socio-economic status […]

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Nigerian banks, Redstar drag NGX to N36bn loss

By Ifunanya / December 6, 2024

Nigerian banks and RedStar Limited dragged the Nigerian Exchange Limited to a market capitalization of N36 billion or 0.06 percent, […]

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FBN Holdings Plc Rights Issue: The Takeaways

By Ifunanya / December 5, 2024

FBN Holdings Plc (FBNH), one of Nigeria’s leading financial institutions, has launched a rights issue of 5,982,548,799 ordinary shares at […]

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FCCPC insists on Air Peace investigation over violations

By Ifunanya / December 5, 2024

The Federal Competition and Consumer Protection Commission has insisted that it is investigating Air Peace for allegedly exploiting customers. FCCPC […]

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Port Harcourt refinery operating at 70 per cent – Onanuga reveals after fact-finding visit

By Ifunanya / December 5, 2024

President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has said the Port Harcourt refinery is operating at […]

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Fuel import hits 2.3bn litres despite Dangote, Port Harcourt refineries

Fuel import hits 2.3bn litres despite Dangote, Port Harcourt refineries

By Ifunanya / December 5, 2024

Nigeria’s Premium Motor Spirit (petrol) import has increased to 2.3 billion litres from September 11 to December 5, 2024, despite […]

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Come to Port Harcourt refinery to see for yourself – NNPCL to Falana, others

By Ifunanya / December 5, 2024

The Nigerian National Petroleum Company Limited has sent an invitation message to Femi Falana, Senior Advocate of Nigeria, and other […]

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Naira appreciates massively against dollar at the black market

By Ifunanya / December 4, 2024

The naira appreciated significantly against the dollar at the parallel foreign exchange market on Wednesday. Abubakar Alhassan, a Bureau De […]

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Less than 3 per cent of Nigerians are insured – Cubecover Survey

By Ifunanya / December 4, 2024

Less than 3 percent of Nigerians have active insurance plans, according to a recent survey by Cubecover. The firm disclosed […]

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Nigerian govt gives update on grounding 60 private jets

By Ifunanya / December 4, 2024

The Nigerian government has explained that it is yet to take action on 60 private jets that operate in the […]

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Nigerian airline Aero Contractors slashes airfares for travellers

By Ifunanya / December 3, 2024

A Nigerian airline, Aero Contractors, has reduced its airfare price across all destinations amid the 2024 Yuletide celebration. Ado Sanusi, […]

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