African Business News

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

Nigeria's New Tax ID Rule for Bankers, Insurers, and Brokers

Nigeria’s New Tax ID Rule for Bankers, Insurers, and Brokers

By Ifunanya / October 11, 2024

New Tax ID Requirement Proposed in Nigeria to Improve Revenue Collection In a bid to boost tax compliance and enhance […]

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Master Volatility: Opportunistic Trading in Unstable Markets

Master Volatility: Opportunistic Trading in Unstable Markets

By Ifunanya / October 11, 2024

Market Volatility: A Lucrative Opportunity for Traders In today’s fast-paced and ever-changing markets, traders have the choice to either let […]

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Nigeria's Lilypond Export Command Boosts Agri Goods Exports

Nigeria’s Lilypond Export Command Boosts Agri-Goods Exports

By Ifunanya / October 11, 2024

Nigeria’s Agricultural Exports and Manufactured Goods Mark Significant Surge in Q3 2024 In a major boost to the country’s export […]

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Naira Gains Strength Against Dollar at FX Market

Naira Strengthens Against Dollar

By Ifunanya / October 10, 2024

Naira Makes Slight Gains Against the Dollar at Foreign Exchange Market The Nigerian naira recorded a slight gain against the […]

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Grenada's PM Tours Dangote Refinery

Grenada’s PM Tours Dangote Refinery

By Ifunanya / October 10, 2024

Grenada Prime Minister Tours Dangote Refinery, Sees Potential for Strong Economic Ties Lagos, Nigeria – The Dangote Refinery in Lagos […]

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World Bank Approves $6.45bn Loans for Nigeria under Bola Tinubu's

World Bank Approves $6.45bn Loans for Nigeria under Bola Tinubu’s Leadership

By Ifunanya / October 10, 2024

Nigeria Secures $6.45 Billion Loan from World Bank in 16 Months, Critics Raise Concern Over Debt Profile The Federal Government, […]

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Tinubu adopts Dangote’s plan to remove petrol subsidy

By Ifunanya / October 10, 2024

Fuel Price Adjustment Sparks Controversy in Nigeria as Petrol Marketers Blame Dangote’s Advocacy In a recent interview, Billy Gillis-Harry, President […]

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VAT, Excise Duties Absolved on Med Device, Pharma Products

VAT, Excise Duties Absolved on Med Device, Pharma Products

By Ifunanya / October 10, 2024

Breaking: Nigeria’s New Executive Order to Ease VAT and Excise Duties on Healthcare Products The Nigerian Federal Government has taken […]

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Nigeria's Senate Eyes Bill to Regulate Airlines, Promote Aviation Growth

Nigeria’s Senate Eyes Bill to Regulate Airlines, Promote Aviation Growth

By Ifunanya / October 10, 2024

Reforms to Nigeria’s Aviation Industry Emerge Amid Growing Concerns Senator Fatai Buhari, Chairman of the Senate Committee on Aviation, has […]

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Naira Slumps vs Dollar Amid Petrol Price Hike

Naira Plummets as NNPCL Hikes Petrol Price Again

By Ifunanya / October 9, 2024

Naira Depreciation: Nigeria’s Currency Hits New Low Amid Fuel Price Hike The Nigerian naira has taken a significant hit against […]

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Turkish Airlines Pilot Dies Mid Flight, Forces Emergency Landing in New

Turkish Airlines Pilot Dies Mid-Flight, Forces Emergency Landing in New York

By Ifunanya / October 9, 2024

Turkish Airlines Pilot Dies Mid-Flight, Forced to Make Emergency Landing in New York A dramatic incident unfolded in the skies […]

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Justice Dept. Considers Breakup of Google Over Search Monopoly

Justice Dept. Considers Breakup of Google Over Search Monopoly

By Ifunanya / October 9, 2024

Google Faces Potential Breakup Over Monopolization of Online Search Market The US Justice Department has sent a strong signal to […]

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Port Harcourt Refinery Delay NNPCL Mum on Rollout After Missed

NNPCL hikes petrol price to N1,030, ending exclusive deal with Dangote Refinery

By Ifunanya / October 9, 2024

Nigerian Oil Giant Raises Petrol Prices Amid Shift in Supply Deal The Nigerian National Petroleum Company Limited (NNPCL) has announced […]

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NNPCL Refinery Operations Not Directed to Halt

NNPCL Refinery Operations Not Directed to Halt

By Ifunanya / October 9, 2024

Minister Clarifies Stance on Nigerian Refineries Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has categorically denied directing the […]

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Nigeria, Korea Deepen Bilateral Ties

Nigeria, Korea Deepen Bilateral Ties

By Ifunanya / October 9, 2024

Nigeria and South Korea Strengthen Bilateral Ties Amid Climate Change and Economic Challenges In a move to deepen cooperation between […]

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Nigeria Airliners to Buy Only Local Fuel from Dangote Refinery

Nigeria Airliners to Buy Only Local Fuel from Dangote Refinery

By Ifunanya / October 8, 2024

Nigeria’s Domestic Airlines to Shun Imported Fuel, Boost Local Industry In a move aimed at supporting local industries and stabilizing […]

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Nigerian Banks Face Social Media Criticism, CIBN Pushes Back

Nigerian Banks Face Social Media Criticism, CIBN Pushes Back

By Ifunanya / October 8, 2024

Nigerian Banks Under Fire: Chartered Institute of Bankers and Bank CEOs Speak Out In a joint statement, the Chartered Institute […]

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NOSDRA Tops Transparency Index, Scores 77.92% in 2024 Ranking

NOSDRA Tops Transparency Index, Scores 77.92% in 2024 Ranking

By Ifunanya / October 8, 2024

Nigeria’s National Oil Spill Detection and Response Agency Tops Transparency Index Abuja, Nigeria – In a major milestone for transparency […]

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CBN Assures Nigerians: Deposits Secured

CBN Assures Nigerians: Deposits Secured

By Ifunanya / October 8, 2024

Nigerian Central Bank Assures Public of Secure Banking System Amidst Uproar The Central Bank of Nigeria (CBN) has dispelled concerns […]

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Nigeria's Revenue Agencies Deduct N533bn as Cost of Collection

Nigeria’s Revenue Agencies Deduct N533bn as Cost of Collection

By Ifunanya / October 8, 2024

Nigeria’s Revenue-Generating Agencies Deduct N533.11bn as Costs of Revenue Collection In a shocking revelation, Nigeria’s three major revenue-generating agencies – […]

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