African Business News

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

Fed Govt Plans to Toll Major Roads Says Minister

Fed Govt Plans to Toll Major Roads, Says Minister

By Ifunanya / September 26, 2024

Federal Roads to be Tolls after Renovation The government of Nigeria has announced that major roads across the country will […]

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Dangote Refinery Oil Marketers Seek Direct Purchase of Petrol

Dangote Refinery: Oil Marketers Seek Direct Purchase of Petrol

By Ifunanya / September 26, 2024

Breaking News: Independent Oil Marketers Plan Direct Deal with Dangote Refinery Oil marketers in Nigeria have set their sights on […]

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Nigeria Switches to Naira Payments for Port Fees

Nigeria Switches to Naira Payments for Port Fees

By Ifunanya / September 26, 2024

Nigeria to Ditch Dollar, Shift to Naira for Maritime Fees In a major move to prioritize the use of local […]

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CBN Sells 20000 to Bureau De Change Operators at N1590

CBN Sells $20,000 to Bureau De Change Operators at N1,590/$ Rate

By Ifunanya / September 26, 2024

Nigeria’s Central Bank Injects $20,000 into Foreign Exchange Market The Central Bank of Nigeria (CBN) has announced a move to […]

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CBN Sells 20000 to BDC Operators to Meet Demand

CBN Sells $20,000 to BDC Operators to Meet Demand

By Ifunanya / September 26, 2024

The Central Bank of Nigeria Announces Fresh Foreign Exchange Sales to Bureau De Change Operators In a bid to boost […]

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Illegal Cocoa Farmers Ravage Ogun State Forest Reserves

Illegal Cocoa Farmers Ravage Ogun State Forest Reserves

By Ifunanya / September 25, 2024

Concern Grows Over Illegal Cocoa Farmers in Ogun State, Nigeria A pressing environmental concern is brewing in Ogun State, Nigeria, […]

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Nigeria to Impose 50% Tax on Bank Profits from Foreign

Tinubu warned not to buy Coca-Cola’s $1 billion Nigeria investment promise

By Ifunanya / September 25, 2024

Coca-Cola’s $1 Billion Pledge in Nigeria: Critics Urge Caution Amid Concerns of Unfair Practices The Corporate Accountability and Public Participation […]

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PENGASSAN Urges FG to Boost Dangote Refinery Stake Boost Energy

PENGASSAN Urges FG to Boost Dangote Refinery Stake, Boost Energy Security

By Ifunanya / September 25, 2024

Nigeria’s Energy Security: PENGASSAN Urges Government to Increase Stake in Dangote Refinery As Nigeria continues to grapple with energy shortages […]

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Caroline Ellison Jailed 2 Years for 8B FTX Fund Theft

Caroline Ellison Jailed 2 Years for $8B FTX Fund Theft

By Ifunanya / September 25, 2024

FTX Collapse: Former Executive Caroline Ellison Sentenced to Two Years in Prison Former cryptocurrency executive Caroline Ellison was handed a […]

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CPPE Slams CBNs 5th Interest Rate Hike Amid Economic Hardship

CPPE Slams CBN’s 5th Interest Rate Hike Amid Economic Hardship

By Ifunanya / September 25, 2024

Nigeria’s Central Bank Under Fire as Private Enterprise Centre Warns of Economic Backlash As the Central Bank of Nigeria (CBN) […]

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Airtel Nigeria Taps Solar Power to Reduce Fuel Costs

Airtel Nigeria Taps Solar Power to Reduce Fuel Costs

By Ifunanya / September 24, 2024

Airtel Nigeria Ditches Diesel for Solar Power Amid Rising Fuel Costs Airtel Nigeria, one of the country’s largest telecommunications companies, […]

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CBN Raises Interest Rate to 2725 Hikes Cash Reserve Ratio

CBN Raises Interest Rate to 27.25%, Hikes Cash Reserve Ratio

By Ifunanya / September 24, 2024

Nigeria Ramps Up Interest Rates Fifth Time This Year as inflation Eases In response to rising inflation concerns, the Central […]

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Dangote Refinery Direct Lifting to Drop Petrol Prices

Dangote Refinery Direct Lifting to Drop Petrol Prices

By Ifunanya / September 24, 2024

Petrol Prices Set to Drop as Oil Marketers Seal Deal with Dangote Refinery Nigeria is on the cusp of a […]

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DisCos Fail to Deliver Nigerians Voice Anger Over Poor Power

DisCos Fail to Deliver: Nigerians Voice Anger Over Poor Power Supply and High Bills

By Ifunanya / September 24, 2024

Headline: Growing Dissatisfaction: Nigerians Cry Foul over Exploitation by Electricity Distribution Companies Lagos, Nigeria – Disagreement and discontent surround the […]

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Naira Falls Against Dollar FX Turnover Drops Amid MPC Meeting

Naira Falls Against Dollar, FX Turnover Drops Amid MPC Meeting

By Ifunanya / September 24, 2024

Naira Slumps Against Dollar as FX Transaction Turnover Drops The Nigerian naira has started the week on a weak note, […]

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Libyas Petrol Prices Leave Nigeria in the Dust

Libya’s Petrol Prices Leave Nigeria in the Dust

By Ifunanya / September 23, 2024

Africa’s Fuel Price Divide: Libya’s Cheap Petrol Leaves Nigeria Lagging Behind In a stark contrast to Nigeria’s struggling fuel market, […]

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China Warnings US Against Discrimination on Tech Enabled Autos

China Warns US Against “Discriminatory Actions” Amid Report of Vehicle Ban

By Ifunanya / September 23, 2024

China has cautioned the United States against taking “discriminatory actions” against its companies, following reports that Washington is planning to […]

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US Warned No Discriminatory Action Against Chinese Firms

US Warned: No Discriminatory Action Against Chinese Firms

By Ifunanya / September 23, 2024

US and China Trade Tensions Escalate as Washington Plans Vehicle Ban China has warned the United States not to take […]

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Nigerias External Reserves Hit 22 Month High at 3739 Billion

Nigeria’s External Reserves Hit 22-Month High at $37.39 Billion

By Ifunanya / September 23, 2024

Here’s the rewritten article: Nigeria’s External Reserves Reach 22-Month High Nigeria’s economy has received a significant boost as its external […]

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FCC Clarifies No Bribe Requests for Job Placements

FCC Clarifies: No Bribe Requests for Job Placements

By Ifunanya / September 23, 2024

Federal Character Commission Denies Job Placement to Former Senate President Adolphus Wabara The Federal Character Commission (FCC) has clarified that […]

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