African Business News

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

Former CBN Deputy Governor Reveals Intrigue in Naira Redesign Exercise

Former CBN Deputy Governor Reveals Intrigue in Naira Redesign Exercise

By Ifunanya / October 3, 2024

Naira Redesign Scandal: Ex-CBN Governor’s Ally Reveals Intrigue and Politics A former Acting Governor of the Central Bank of Nigeria […]

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NNPC Portal Shutdown Oil Marketers Struggle to Buy Petrol

NNPC Portal Shutdown: Oil Marketers Struggle to Buy Petrol

By Ifunanya / October 3, 2024

Nigerian Oil Marketers Face Uncertainty Amid NNPC Portal Shutdown The Nigerian National Petroleum Company Limited (NNPC) has shut down its […]

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Port Harcourt Refinery Delay NNPCL Mum on Rollout After Missed

Port Harcourt Refinery Delay: NNPCL Mum on Rollout After Missed Deadlines

By Ifunanya / October 3, 2024

Nigeria’s Delayed Port Harcourt Refinery Pushes Back Rollout The Nigerian National Petroleum Company Limited (NNPCL) has yet to announce a […]

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Nigeria Unveils New Fiscal Incentives to Boost Oil Gas

Nigeria Unveils New Fiscal Incentives to Boost Oil & Gas Investments

By Ifunanya / October 3, 2024

Nigeria’s Oil and Gas Sector Gets Boost from New Fiscal Incentives In a move aimed at revitalizing Nigeria’s oil and […]

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First Bank Faces N54bn Share Dispute in Lagos Court

First Bank Faces N5.4bn Share Dispute in Lagos Court

By Ifunanya / October 3, 2024

Lagos Court Adjourns Hearing in N5.4bn Share Dispute Suit A Federal High Court in Lagos has fixed October 21, 2024, […]

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Naira Depreciates Sharply Against Dollar After Holiday

Naira Depreciates Sharply Against Dollar After Holiday

By Ifunanya / October 2, 2024

Naira Dives Against Dollar Amid Currency Fluctuations in Nigeria As Nigeria celebrated its 64th Independence Day, the value of the […]

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Bank of England Warns of Financial Market Shocks Amid Geopolitical

Bank of England Warns of Financial Market Shocks Amid Geopolitical Tensions

By Ifunanya / October 2, 2024

Economy Remains Vulnerable to Market Shocks Amid Global Uncertainty The British economy is still at risk of financial market shocks, […]

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BOI Disburses N7765bn Loans to MSMEs Boosts Economic Growth

BOI Disburses N77.65bn Loans to MSMEs, Boosts Economic Growth

By Ifunanya / October 2, 2024

BOI Disburses N77.65bn Loans to Support MSMEs, Boosts Economic Growth The Bank of Industry (BOI) has announced that it has […]

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Nigeria Secures 200m Fund for Creative Industry Growth

Nigeria Secures $200m Fund for Creative Industry Growth

By Ifunanya / October 2, 2024

Nigeria Woos Global Investors with Creative Economy Ambitions Against the backdrop of the 77th United Nations General Assembly (UNGA), Nigeria’s […]

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Nigerias Petrol Importation Plummets 1377 in 2023

Nigeria’s Petrol Importation Plummets 13.77% in 2023

By Ifunanya / October 2, 2024

Petrol Imports in Nigeria See Sharp Decline in 2023 According to data from the National Bureau of Statistics (NBS), the […]

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UBA Posts 40 Gross Earnings Growth Announces 300 Dividend Hike

UBA Posts 40% Gross Earnings Growth, Announces 300% Dividend Hike

By Ifunanya / October 2, 2024

United Bank for Africa Reports 40% Growth in Gross Earnings for H1 2024 United Bank for Africa (UBA) has announced […]

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Zenith Bank Apologizes for Service Disruption on Independence Day

Zenith Bank Apologizes for Service Disruption on Independence Day

By Ifunanya / October 1, 2024

Zenith Bank Apologizes for Service Disruption Amid Nigeria’s Independence Celebrations Nigeria’s top-tier bank, Zenith Bank, has issued an apology to […]

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NIS Head Elected ECOWAS Immigration Forum Chair

NIS Head Elected ECOWAS Immigration Forum Chair

By Ifunanya / October 1, 2024

West African Nations Take a Step Forward in Border Management and Integration Kemi Nandap, the Comptroller-General of Nigeria Immigration Service, […]

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Tinubus Presidency Clears N30 Trillion Debt Cuts Interest Ratio

Tinubu’s Presidency Clears N30 Trillion Debt, Cuts Interest Ratio

By Ifunanya / October 1, 2024

Nigeria’s President Tinubu: Economy Undergoing Reforms, N30 Trillion Debt Cleared President Bola Ahmed Tinubu of Nigeria has announced significant progress […]

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Nigeria Receives 30bn Foreign Direct Investments Seplat Deal Approved

Nigeria Receives $30bn Foreign Direct Investments, Seplat Deal Approved

By Ifunanya / October 1, 2024

Nigeria Attracts Over $30bn Foreign Direct Investments, President Tinubu Reveals Nigeria has made a significant breakthrough in attracting foreign direct […]

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Shell Appoints Ronald Adams as SNEPCo MD

Shell Appoints Ronald Adams as SNEPCo MD

By Ifunanya / October 1, 2024

Shell Appoints New Managing Director for Deep-Water Subsidiary in Nigeria In a recent statement, Shell Nigeria Exploration and Production Company […]

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Naira Depreciates Slightly Against Dollar Ahead of Independence Day

By Ifunanya / September 30, 2024

Naira Depreciates Slightly Against Dollar Ahead of Nigeria’s Independence Day As Nigeria prepares to celebrate its 64th Independence Day on […]

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NUPENG Commends Tinubus Road Repairs for Stabilizing Fuel Supply

NUPENG Commends Tinubu’s Road Repairs for Stabilizing Fuel Supply

By Ifunanya / September 30, 2024

Renewed Push for Better Infrastructure: Nigerians Celebrate Roadwork Progress Nigeria, a country struggling with clogged roads, has sparked hope among […]

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World Bank Approves 157bn for Nigerias Human Capital and Climate

World Bank Approves $1.57bn for Nigeria’s Human Capital and Climate Resilience

By Ifunanya / September 30, 2024

World Bank Approves $1.57 Billion Loan for Nigeria’s Human Capital Development and Climate Resilience The World Bank has approved three […]

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Used Vehicle Imports in Nigeria Plunge 83 in H1 2024

Used Vehicle Imports in Nigeria Plunge 83% in H1 2024

By Ifunanya / September 30, 2024

Nigeria’s Used Car Imports Plummet by 83% Amid Foreign Exchange Crisis In a surprising turn of events, Nigeria’s imports bill […]

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