African Business News

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

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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World Bank Invests 157bn to Strengthen Human Capital Climate Resilience

World Bank Invests $1.57bn to Strengthen Human Capital, Climate Resilience

By Ifunanya / September 30, 2024

World Bank Approves $1.57bn to Boost Human Capital, Climate Resilience in Nigeria The World Bank has approved three operations, totaling […]

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Nigerias Power Claim Debunked Over 40 of Consumers Still Struggle

Nigeria’s Power Claim Debunked: Over 40% of Consumers Still Struggle with Unreliable Electricity

By Ifunanya / September 30, 2024

Power Hopes and Hesitation: Nigeria’s Electricity Plans Under Scrutiny Nigeria’s Ministry of Power has recently announced a significant improvement in […]

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SEC Warns Illegal Fund Managers Preps Capital Market Radio for

SEC Warns Illegal Fund Managers, Preps Capital Market Radio for Nigerians

By Ifunanya / September 29, 2024

Nigeria’s Securities and Exchange Commission Warns Against Illegal Fund Management The Securities and Exchange Commission (SEC) in Nigeria has issued […]

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NNPCL Aims to Boost Crude Oil Output to 3m bpd

NNPCL Aims to Boost Crude Oil Output to 3m bpd with Stakeholder Support

By Ifunanya / September 29, 2024

Nigeria Aims to Boost Crude Oil Production to 3 Million Barrels per Day In a bid to boost its economy, […]

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CBN issues fresh guidelines to Customs on import clearance exchange

Nigeria’s M2 Money Supply Rises 65% to N107.1 Trillion

By Ifunanya / September 29, 2024

Nigeria’s Money Supply Sees 65% Year-On-Year Growth in August 2024 The Central Bank of Nigeria (CBN) has released data showing […]

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CBN recovers N622m from Anchor Borrowers Programme

CBN recovers N622m from Anchor Borrowers Programme

By Ifunanya / September 29, 2024

Federation Allocation Accounts Committee Deducts N622.75m from Farmers’ Loans In a move to recover outstanding loans, the Federation Allocation Accounts […]

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COP28 NNPCL signs two LNG deals

Nigeria Aims to Boost Oil Production to 3m Barrels

By Ifunanya / September 28, 2024

Here’s the rewritten article: Achieving 3 Million Barrels of Crude Oil Per Day: NNPCL’s Ambitious Plan The Nigerian National Petroleum […]

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Nigeria’s NNPCL Seeks Zero Oil Theft to Reach 3 Million Barrels Day

By Ifunanya / September 28, 2024

Nigeria’s Oil Production Can Increase Significantly if Oil Theft is Reduced The Nigerian National Petroleum Company Limited (NNPCL) has expressed […]

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Prudential Takes Full Control of Prudential Zenith Life Insurance

Prudential Takes Full Control of Prudential Zenith Life Insurance

By Ifunanya / September 28, 2024

Prudential Plc Takes Full Ownership of Nigerian Insurance Firm, Prudential Zenith Life Prudential Plc has announced its intention to acquire […]

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Nigerias Fuel Subsidy Scandal N1557tr Spent Over 17 Years

Nigeria’s Fuel Subsidy Scandal: N15.57tr Spent Over 17 Years

By Ifunanya / September 28, 2024

Nigeria’s Fuel Subsidy Controversy: A Multibillion-Dollar Tab In a shocking revelation, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed […]

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Nigeria to slash transportation fares by 40 with CNG alternative

Nigeria to slash transportation fares by 40% with CNG alternative

By Ifunanya / September 28, 2024

Nigeria Aims to Cut Transportation Fares by 40% with Compressed Natural Gas Initiative The Federal Government of Nigeria has announced […]

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Globacom Partners with Oyo State to Boost Tertiary Education

Globacom Partners with Oyo State to Boost Tertiary Education

By Ifunanya / September 28, 2024

Digital Solution Company Globacom Partners with Oyo State to Foster Tertiary Education A recent meeting between Globacom, a leading digital […]

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Naira Gains 35 Cents Against Dollar, Ends Week Strong

By Ifunanya / September 27, 2024

Naira Appreciates Against Dollar, Ending Week on a Strong Note The Nigerian naira has continued its upward trend, appreciating against […]

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Emirates Returns to Nigeria After Diplomatic Talks

Emirates Returns to Nigeria After Diplomatic Talks

By Ifunanya / September 27, 2024

Nigeria and UAE Inch Closer to Strengthening Aviation Ties Amid Emirates’ Return Earlier this week, Nigeria took a significant step […]

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Petrol Landing Cost Drops to N981litre Amidst Crude Oil Price

Petrol Landing Cost Drops to N981/litre Amidst Crude Oil Price Decline

By Ifunanya / September 27, 2024

Petrol Prices Slump in Nigeria Amid Drop in Global Oil Prices In a rare move, the landing cost of petrol […]

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Petrol Prices Drop as Landing Cost Falls to N98108

Petrol Prices Drop as Landing Cost Falls to N981.08

By Ifunanya / September 27, 2024

Petrol Price Drop in Nigeria: What’s Behind the Fall and What’s Next? Nigeria’s energy landscape is in the spotlight again […]

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Oil Firms Owe Nigeria 6175bn in Royalties and Taxes

Oil Firms Owe Nigeria $6.175bn in Royalties and Taxes

By Ifunanya / September 27, 2024

Oil Companies’ Debt to Nigerian Government Soars to $6.175 Billion A recent audit by the Nigeria Extractive Industries Transparency Initiative […]

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Gates Foundation Donates 600k for Nigerian Flood Relief Health

Gates Foundation Donates $600k for Nigerian Flood Relief, Health

By Ifunanya / September 27, 2024

Nigeria Secures $600,000 Relief Fund and Gates Foundation Support The Nigerian government has secured a significant relief fund and commitments […]

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