African Business News

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

New Tax Bill Proposes 25% Income Tax for Nigerians Earning

New Tax Bill Proposes 25% Income Tax for Nigerians Earning ₦100m+ Monthly

By Ifunanya / October 15, 2024

Nigeria’s Tax Reform: A Shift Towards Fairness? Nigeria, Africa’s most populous country, is set to introduce a new tax regime […]

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Combating Climate Change: Urgent Action Needed

Combating Climate Change: Urgent Action Needed

By Ifunanya / October 15, 2024

Protecting the Environment: Nigerian Conservation Foundation Urges Immediate Action against Deforestation, Climate Change In a recent 35th annual general meeting […]

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Tinubu rejects bill to increase legislative tenure and retirement age

Nigeria’s Economic Plan: Stabilization, Diversification, and Inclusivity

By Ifunanya / October 14, 2024

Stabilizing Nigeria’s Economy: President Bola Tinubu’s Vision for Sustainable Growth In a move aimed at revitalizing the country’s troubled economy, […]

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Hope Amid Economic Turmoil: Nigeria Toughens Up

Hope Amid Economic Turmoil: Nigeria Toughens Up

By Ifunanya / October 14, 2024

Road to Recovery: Nigerian Government Assures of Better Days Ahead In a bid to revamp the nation’s economy, the Federal […]

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NNPCL's Silence on Fuel Price Hike Sparks Outrage

Fuel Subsidy Removal Brings Price Parity, Says NNPC Chief

By Ifunanya / October 14, 2024

Price Parity Achieved: Nigeria’s Fuel Subsidy Removal Yields Positive Results, Says Kyari Mele Kyari, the Group Chief Executive Officer of […]

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Int'l Firms Owe Nigeria $5.79m for Q2 Energy Consumption

Int’l Firms Owe Nigeria $5.79m for Q2 Energy Consumption

By Ifunanya / October 14, 2024

Nigerian Electricity Customers Owe Firms in Benin Republic and Togo $5.79m for Second Quarter Energy Consumption The Nigerian Electricity Regulatory […]

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Abuja Court Rejects Binance Exec's Fresh Bail Bid

Abuja Court Rejects Binance Exec’s Fresh Bail Bid

By Ifunanya / October 14, 2024

A Federal High Court in Abuja has dismissed a fresh bail application filed by Tigran Gambaryan, an executive of Binance […]

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Tax Reforms: FG Proposes Installment Payment Option for Taxpayers

Tax Reforms: FG Proposes Installment Payment Option for Taxpayers

By Ifunanya / October 14, 2024

Breaking News: Nigeria Proposes Tax Payment in Instalments, Boosts Revenue Collection The Nigerian government has introduced a new tax payment […]

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NNPCL Must Remove Hidden Levies on Locally Sourced Fuel

NNPCL Must Remove Hidden Levies on Locally Sourced Fuel

By Ifunanya / October 13, 2024

Nigerian Fuel Price Hike Sparks Protest from Advocacy Group A call to action from the Coalition for Energy Reforms and […]

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Lagos Residents Oppose Single Use Plastics Ban, Fear Job Losses and

Lagos Residents Oppose Single-Use Plastics Ban, Fear Job Losses and Disruption

By Ifunanya / October 13, 2024

Lagos Residents Protest Proposed Ban on Single-Use Plastics and Sachet Water Lagos, Nigeria – In a move that has sent […]

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NNPCL's fuel price hike sparks outrage, warns of civil unrest

NNPCL’s fuel price hike sparks outrage, warns of civil unrest

By Ifunanya / October 13, 2024

Fuel Crisis Worsens in Nigeria amid Mounting Economic Pressures Ohanaeze Ndigbo, a socio-cultural organization in the South-East region of Nigeria, […]

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Farming for a Billion

Farming for a Billion

By Ifunanya / October 13, 2024

Nigeria’s Ambitious Plan to Boost Agricultural Growth and Job Creation The Nigerian government has unveiled a ambitious plan to invest […]

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Dangote Refinery announces IPMAN MOMAN DAPMANN as product distributors

Dangote Refinery to Start Crude Oil Production Amid Feedstock Challenges

By Ifunanya / October 12, 2024

Nigeria’s Dangote Refinery to Start Crude Oil Production Amid Feedstock Challenges In a significant development, Nigeria’s Dangote Refinery is set […]

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Nigeria's Oil Production Boost: FPSO Facility Takes Shape

Nigeria’s Oil Production Boost: FPSO Facility Takes Shape

By Ifunanya / October 12, 2024

Boosting Oil Production: Nigeria’s FPSO Facility Makes Strides in Lagos The Nigerian government is taking significant steps to increase the […]

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Empowering Niger Delta Youths & Women in Agri Entrepreneurship

Empowering Niger Delta Youths & Women in Agri-Entrepreneurship

By Ifunanya / October 12, 2024

Nigerian Government Empowers 25,500 Youths and Women in Agriculture Entrepreneurship The Federal Ministry of Agriculture and Food Security is taking […]

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Stakeholders Demand Transparency on Oil Revenue in Akwa Ibom

Stakeholders Demand Transparency on Oil Revenue in Akwa Ibom

By Ifunanya / October 12, 2024

Communities and Civil Society Organisations Demand Transparency from Nigerian Upstream Petroleum Regulatory Commission A recent stakeholders’ dialogue in Uyo, Akwa […]

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NNPCL Signs Gas Deal for $3.3bn Methanol Project

NNPCL Signs Gas Deal for $3.3bn Methanol Project

By Ifunanya / October 12, 2024

Senatorial Milestone for Nigeria’s Gas Industry: $3.3bn Brass Fertilizer & Petrochemical Company Signs Historic Gas Sales Agreement The Federal Government, […]

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Africa's Data Sovereignty at Risk: Time to Regulate AI

Africa’s Data Sovereignty at Risk: Time to Regulate AI

By Ifunanya / October 12, 2024

Africa’s AI Dilemma: Strengthening Regulations to Protect Data Sovereignty Artificial intelligence (AI) is transforming the world, but a pressing concern […]

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Naira Slumps vs Dollar Amid Petrol Price Hike

Naira Falls 1.7% Against Dollar, FMDQ Data Shows

By Ifunanya / October 11, 2024

Naira Takes a Hits as Exchange Rate Slumps at the End of the Week After a rollercoaster ride, the naira […]

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New Fuel Sales Model: Marketers Can Now Buy from Refineries

New Fuel Sales Model: Marketers Can Now Buy from Refineries Directly

By Ifunanya / October 11, 2024

New Era for Fuel Importation in Nigeria: Dangote Refinery Now Directly Accessible to Marketers In a significant move aimed at […]

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