African Business News

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

Flutterwave named to Fast Company’s Brands That Matter in 2024

By Ifunanya / December 12, 2024

Flutterwave is named in Fast Company’s 2024 Brands That Matter. The leading payment technology company in Africa is recognized in […]

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We never stopped gas supply to GenCos – NMDPRA

By Ifunanya / December 12, 2024

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says it has never issued a directive stopping gas supply to […]

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Dangote Refinery announces first PMS exports to Cameroon

By Ifunanya / December 11, 2024

Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit, PMS, from Dangote Refinery, Africa’s largest […]

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Naira depreciates against dollar on official, black markets

By Ifunanya / December 11, 2024

The naira depreciated against the dollar at both official and parallel foreign exchange markets, the second since this week commenced. […]

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Seek bold solutions – CBN gov Cardoso tells Nigerian bank CEOs

By Ifunanya / December 11, 2024

Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, has told chief executive officers of Nigerian banks to seek bold […]

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CBN denies selling FX to BDCs at N1,300 per dollar

By Ifunanya / December 11, 2024

The Central Bank of Nigeria has described as fake a circular that it authorised the sales of foreign exchange to […]

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Dangote Refinery, NNPC: Nigeria’s petrol imports from Malta hit N766.81bn in Q3

By Ifunanya / December 10, 2024

Nigeria’s petroleum products import from Malta increased to N766.81 billion in the third quarter of 2024 despite the coming on […]

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Naira appreciates against dollar 24-hours after fall

By Ifunanya / December 10, 2024

The Naira is back to appreciation against the dollar at the official foreign exchange market 24 hours after it depreciated. […]

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Reps order CBN to address cash scarcity

By Ifunanya / December 10, 2024

The House of Representatives has expressed concern over the ongoing cash scarcity in commercial banks across the country. This is […]

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Abia: Otti budgets N750.2bn for 2025, allocates 35% to education, health

By Ifunanya / December 10, 2024

Abia State Governor, Alex Otti has presented the 2025 Appropriation Bill of N750, 282, 200,000.00 to the Abia State House […]

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Naira appreciation may force price reduction, inflation decline – Economists

By Ifunanya / December 10, 2024

Nigerian economists are optimistic that the Naira’s appreciation against the dollar, if sustained, may lead to a drastic reduction in […]

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Nigeria maintains clean slate on blocked airlines’ funds — IATA

By Ifunanya / December 10, 2024

The International Air Transport Association, IATA, said that Nigeria has maintained a clean slate by clearing all airlines’ trapped funds. […]

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Naira depreciates against dollar after days of gains

By Ifunanya / December 9, 2024

The naira settled at N1,538.50 per dollar at the foreign exchange market for the first time after an appreciation streak. […]

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Tax reform bills: Nigerian government explains basic benefits for SMEs

By Ifunanya / December 9, 2024

The Nigerian government has assured small businesses of exemption from taxes by raising the tax exemption threshold for SMEs from […]

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Nigerian government invests $450m on CNG value chain

By Ifunanya / December 9, 2024

The Nigerian government said that it has invested over $450 million in the development of the country’s compressed natural gas […]

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Port Harcourt refinery over 90% completed – NNPCL (VIDEO)

By Ifunanya / December 9, 2024

The Nigerian National Petroleum Company Limited, NNPCL, says the new Port Harcourt refinery is over 90 per cent completed. The […]

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Corruption: Body of Benchers dismisses NBS rating of judiciary

By Ifunanya / December 9, 2024

The Body of Benchers (BoB) in Nigeria has dismissed the data on corruption used by the National Bureau of Statistics […]

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Real reason Naira is appreciating massively against dollar – CPPE

By Ifunanya / December 9, 2024

The Centre for Promotion of Private Enterprise, CPPE, has explained that the Naira has recorded massive gains against the dollar […]

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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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