African Business News

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

BREAKING: Food, fuel price hikes push Nigeria’s inflation to 33.88% in October

By Ifunanya / November 15, 2024

Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in […]

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Rewane raises concern over Nigeria’s 2025 N47.9tn budget proposal

By Ifunanya / November 15, 2024

An economist, Bismark Rewane, has faulted the $75 per barrel crude oil price benchmark for Nigeria’s N47.9 trillion 2025 budget […]

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How UBA plans to raise N239.4bn via right issues – Elumelu

By Ifunanya / November 15, 2024

The Group Chairman of United Bank for Africa, Tony Elumelu, has announced that the bank has issued 6,839,884,274 ordinary shares […]

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Why FEC approved fresh $2.2bn borrowing plan for Nigeria – Finance Minister, Edun

By Ifunanya / November 15, 2024

The Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan […]

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Maiduguri airport set to commence first international flight operations

By Ifunanya / November 15, 2024

The General Muhammadu Buhari International Airport, Maiduguri, is set to commence full international operations by January 1, 2025, Media Talk […]

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Naira resumes depreciation against dollar

By Ifunanya / November 14, 2024

The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. FMDQ data […]

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NNPCL vows to hit 2mbpd crude production in Nigeria by December

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Limited has vowed that it will achieve a two million barrels per day crude production […]

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Crude oil production: We’ve reached 1.8m barrels per day – NNPCL

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Limited, NNPCL, has said it has reached the mark of 1.8 million barrels per day […]

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NNPC, Dangote Refinery secure gas sale agreement

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of Nigerian National Petroleum Company Limited, has secured a gas […]

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Nigeria Customs secured N28.1bn worth of seizures in 2024 — Adeniyi

By Ifunanya / November 14, 2024

The Comptroller General of Nigeria Customs Service, Bashir Adeniyi, said the service made N28.1 billion worth of seizures as of […]

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We attracted $30bn investment commitments – Tinubu

By Ifunanya / November 14, 2024

President Bola Tinubu has revealed that within less than two years of his administration, Nigeria has successfully attracted $30 billion […]

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Seplat announces Nigerian govt approval for $1.3bn acquisition of MPNU

By Ifunanya / November 14, 2024

Seplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of Mobil […]

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BREAKING: Fuel crisis: NNPC announces fresh appointments

By Ifunanya / November 13, 2024

The Nigerian National Petroleum Company Limited has announced key leadership appointments, Media Talk Africa learnt. The company on Wednesday named […]

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Electricity: Enugu DisCo vows to end estimated billing

By Ifunanya / November 13, 2024

Mainpower Electricity Distribution Limited (MEDL), a subsidiary of Enugu Electricity Distribution Company, has vowed to eliminate estimated billing with the […]

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Naira appreciates against dollar first time in a week

By Ifunanya / November 13, 2024

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

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Nigeria needs $10bn investment to achieve 24-hour power supply – Adelabu

By Ifunanya / November 13, 2024

The Nigerian government said the country needs $10 billion in investment in the power within five to ten years to […]

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28m Nigerians lack access financial services — CBN

By Henry Orji / November 13, 2024

Says recapitalisation will enhance financial inclusion By Babajide Komolafe The Central Bank of Nigeria, yesterday said that over 28 million […]

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Nigeria’s Customs hits N5.07tn 2024 revenue target

By Ifunanya / November 13, 2024

The Comptroller General of Nigeria Customs Service, Bashir Adeniyi, has announced that the service has hit a 2024 revenue generation […]

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Dangote Petrol: IPMAN announces fuel price slash

By Ifunanya / November 13, 2024

The Independent Petroleum Marketers Association of Nigeria has announced that Premium Motor Spirit (Petrol) price will be slashed by N50 […]

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Nigerian Govt to commence payment of pension backlog – Finance Minister Edun

By Ifunanya / November 13, 2024

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the Federal Government will […]

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