African Business News

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

Nigerian govt permits low-income earners to withdraw pension funds

By Ifunanya / December 3, 2024

The Nigerian government says low-income earners are permitted to withdraw their total retirement savings from their monthly pension pending the […]

Continue Reading

Alleged Arik Property Theft: Judge issues bench warrant against former AMCON MD, Kuru

By Ifunanya / December 3, 2024

Former Managing Director of Assets Management Corporation of Nigeria, AMCON, Ahmed Kuru, was absent in court on Monday, where he […]

Continue Reading

Tax Bill not related to north, south dichotomy – Folorunsho

By Ifunanya / December 3, 2024

A member of the Presidential Committee on Fiscal Policy and Tax Reform, Albert Folorunsho, said that the proposed tax bill, […]

Continue Reading

Port Harcourt refinery is still functional – PENGASSAN

By Ifunanya / December 3, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has confirmed that the Port Harcourt Refinery is functional. […]

Continue Reading

Naira strengthens against dollar at black market

By Ifunanya / December 3, 2024

The Naira appreciated further against the dollar at the foreign exchange market to begin the week on a good note. […]

Continue Reading

Nigeria govt raises $2.2bn from Eurobond amid oversubscription

By Ifunanya / December 3, 2024

Nigeria’s Eurobond achieved a milestone on Monday, raising $2.2 billion after the country returned to the international market, Media Talk […]

Continue Reading

Tinubu’s tax reform bills not to generate revenue — Taiwo Oyedele

By Ifunanya / December 2, 2024

The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained the essence of the […]

Continue Reading

Tax reform bills to address multiple levies overburdening Nigerian investors — Presidency

By Ifunanya / December 2, 2024

The presidency has debunked insinuations that it introduced tax reform bills to make Lagos and Rivers richer than other states. […]

Continue Reading

Nigerian govt begins deduction of N50 electronic levy from Opay, Moniepoint users

By Ifunanya / December 2, 2024

The Nigerian government has commenced deduction of N50 electronic levy from transactions made by users of Opay, Moniepoint, and other […]

Continue Reading
Nigeria spent N6.2tn, N4.5tn on FX, fuel subsidies in 2022—CBN

Nigeria spent N6.2tn, N4.5tn on FX, fuel subsidies in 2022—CBN

By Ifunanya / December 2, 2024

The Central Bank of Nigeria Governor, Olayemi Cardoso said the federal government spent N6.2 trillion on foreign exchange subsidy in […]

Continue Reading

Port Harcourt Refinery: Nigerian govt gives fresh update

By Ifunanya / December 2, 2024

The management of the Port Harcourt refinery has said that the plant commenced full-scale operation after successful rehabilitation. The company’s […]

Continue Reading

CBN to retire 1,000, offers 50bn payoff plan

By Ifunanya / December 2, 2024

There are indications that the Central Bank of Nigeria (CBN) may retire about 1,000 of its employees by December 31, […]

Continue Reading

Galaxy Backbone, WIOCC agree to boost Internet connectivity across Nigeria

By Ifunanya / December 2, 2024

Nigeria’s owned Galaxy Backbone and West Indian Ocean Cable Company have signed a partnership to boost high-speed internet connectivity across […]

Continue Reading

Nigerian govt investigates Air Peace, bank, Telco over violations

By Ifunanya / December 1, 2024

The Nigerian government has launched an inquiry into Air Peace, Guarantee Trust Bank (GTB), a telecommunications firm, and MTN over […]

Continue Reading

No ban on sachet water – Lagos Govt

By Ifunanya / December 1, 2024

The Lagos State government has denied reports that it has placed a ban on sachet water. The Minister of the […]

Continue Reading

Post-harvest losses soar as Niger rice farmers fail to maximize thresher use – IFAD

By Ifunanya / December 1, 2024

The Federal Government’s IFAD VCDP Additional Financing has expressed dismay over the underutilization of rice threshing machines by rice farmers, […]

Continue Reading

CIAN awards Lansar Aghaji & Co. as Auctioneering Company of Year 2024

By Contributor / November 30, 2024

By Victor Okoye Abuja, Nov. 30, 2024 (NAN) Lansar Aghaji & Co. has been recognized as the Auctioneering Company of […]

Continue Reading

CBN announces fresh measures against cash crunch

By Ifunanya / November 30, 2024

The Central Bank of Nigeria (CBN) has told Nigerians to report any difficulties with withdrawing cash from bank branches or […]

Continue Reading

‘Don’t Japa’ – CBN Gov, Cardoso begs Nigerians

By Ifunanya / November 30, 2024

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has appealed to Nigerians, especially the youths, not to leave the […]

Continue Reading

Okonjo-Iweala: Leadership recruitment process must be based on character, competence – Peter Obi

By Ifunanya / November 30, 2024

The Labour Party, LP, presidential candidate in the 2023 general elections, Mr Peter Obi, says the leadership recruitment process in […]

Continue Reading
Scroll to Top