African Business News

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

Naira depreciates against dollar at official, black markets

By Ifunanya / November 21, 2024

The naira returned to depreciation against the dollar at both official and black foreign exchange markets on Wednesday. This comes […]

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NNPC’s Utapate crude grade hits global oil market to boost revenue

By Ifunanya / November 21, 2024

Nigerian National Petroleum Company Limited, NNPCL, has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before […]

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Imo Govt gets N6.8bn reward from World Bank

By Ifunanya / November 20, 2024

The Imo State Government has received the sum of N6.8 billion from the World Bank as a reward for the […]

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Reps seek N500bn capital base for DisCos

By Ifunanya / November 20, 2024

The House of Representatives has asked Electricity Distribution Companies, DisCos, to undergo a N500 billion recapitalisation exercise to strengthen their […]

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Non compliance: CAC publishes names of companies stricken-off register

By Ifunanya / November 20, 2024

Corporate Affairs Commission, CAC, says it has stricken-off the names of the companies that have failed or refused to update […]

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Import licence: NNPCL asks court to strike out Dangote Refinery’s suit

By Ifunanya / November 20, 2024

The Nigeria National Petroleum Corporation Limited, NNPCL, has asked a Federal High Court sitting in Abuja to strike out a […]

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FCMB partners with EStars to bring Esports Education to Nigerian schools

By Ifunanya / November 20, 2024

First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce […]

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FCCPC uncovers fake sugar products in Nigerian markets

By Ifunanya / November 20, 2024

The Federal Competition and Consumer Protection Commission has uncovered the widespread presence of substandard and unregistered sugar products in Nigerian […]

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Nigeria’s Dangote Refinery allegedly begins petrol exports to West Africa – Report

By Ifunanya / November 20, 2024

Nigeria’s Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, has begun the export of refined petroleum products to neighbouring […]

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Oil thieves barons in Lagos, Abuja want me dead – Tompolo

By Ifunanya / November 20, 2024

The owner of Tantita Security Services Nigeria Limited, Government Ekpemupolo, popularly known as Tompolo, has claimed that top oil thieves […]

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AfCFTA can reduce unemployment, boost Nigeria’s economy – IATP

By Ifunanya / November 20, 2024

The Initiative for African Trade and Prosperity has said that the African Continental Free Trade Agreement can help Nigeria reduce […]

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Naira appreciates against dollar – Media Talk Africa Nigeria

By Ifunanya / November 19, 2024

The naira appreciated against the dollar at the official foreign exchange market for the first time since last week. FMDQ […]

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CBN uncovers fake SWIFT messages fraud, warns Nigerians

By Ifunanya / November 19, 2024

The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general […]

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Proposed tax bills aim at getting rid of low revenue-yielding taxes – Oyedele

By Ifunanya / November 19, 2024

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that the tax reform […]

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Energy group laments high importation of fuel amid NNPCL decision to patronise local refineries

By Ifunanya / November 19, 2024

The Energy Reforms Advocates of Nigeria (ERAN) has raised concerns over the increasing importation of petroleum products in Nigeria, despite […]

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Tinubu’s tax reform bills: FIRS reveals three states receiving 70% VAT in Nigeria

By Ifunanya / November 19, 2024

The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji, has said the current tax law benefits only three […]

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Dangote: Petrol price cuts may force Nigeria’s inflationary pressures down – Economists

By Ifunanya / November 19, 2024

Nigerian economists and financial analysts say the recent drop in price of Premium Motor Spirit (Petrol) upon direct fuel purchase […]

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Naira records significant depreciation against dollar

By Ifunanya / November 18, 2024

The Nigerian naira has continued significant depreciation against the dollar at the foreign exchange market as FX supply dropped at […]

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Road now clear for private investors to invest in Nigeria – Minister of Finance, Edun

By Ifunanya / November 18, 2024

The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, has declared that the road is now […]

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Flutterwave CEO Olugbenga Agboola appointed to Smithsonian’s National Museum of African Art Advisory Board

By Ifunanya / November 18, 2024

Flutterwave Founder and CEO, Olugbenga ‘GB’ Agboola, has been appointed to the advisory board of the Smithsonian’s National Museum of […]

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