African Business News

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

Naira Gains Against Dollar in Foreign Exchange Market

Naira Gains Against Dollar in Foreign Exchange Market

By Ifunanya / September 13, 2024

The Naira’s Unlikely Boost: A Week of Wild Fluctuations at Foreign Exchange Market In a surprising turn of events, the […]

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CBN Directs PoS Operators to Route Transactions Through Licensed Aggregators

CBN Directs PoS Operators to Route Transactions Through Licensed Aggregators

By Ifunanya / September 13, 2024

Nigeria’s Central Bank Directs Point of Sale Operators to Route Transactions Through Licensed Aggregators The Central Bank of Nigeria (CBN) […]

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Petrol Price Hike Sparks Fear of Wage Demands, Economic Unrest

Petrol Price Hike Sparks Fear of Wage Demands, Economic Unrest

By Ifunanya / September 13, 2024

Government Faces Pressure to Increase Wages Amid Petrol Price Hike A recent surge in petrol prices in Nigeria has sparked […]

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Nigerian Regulator Fines AEDC ₦1.69bn for Overbilling Customers

Nigerian Regulator Fines AEDC ₦1.69bn for Overbilling Customers

By Ifunanya / September 13, 2024

Nigerian Electricity Regulatory Commission Imposes ₦1.69bn Fine on Abuja Electricity Distribution Company The Nigerian Electricity Regulatory Commission (NERC) has imposed […]

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Naira Rallies 4.8% Against Dollar in Biggest Jump Since July

Naira Rallies 4.8% Against Dollar in Biggest Jump Since July

By Ifunanya / September 13, 2024

Naira Records Strongest Gain Against US Dollar in Nearly Two Months The Nigerian naira has made a significant comeback, appreciating […]

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Nigeria's CNPP Condemns Threat to Zenith Labour Party Chairman

Nigeria’s Revenue Leaks Fuel Inflation and Corruption

By Ifunanya / September 13, 2024

Revenue Leakages and Corruption: Nigeria’s Biggest Challenges The Conference of Nigeria Political Parties (CNPP) has sounded the alarm over persistent […]

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CBN Orders PoS Transaction Tracking, PSPs Face 30 Day Deadline

CBN Orders PoS Transaction Tracking, PSPs Face 30-Day Deadline

By Ifunanya / September 12, 2024

Nigeria’s Central Bank Orders Payment Service Providers to Track Point of Sale Transactions The Central Bank of Nigeria (CBN) has […]

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Dangote Refinery Frustrated by Local Marketers' Boycott

Dangote Refinery Frustrated by Local Marketers’ Boycott

By Ifunanya / September 12, 2024

Frustration Mounts as Local Marketers Boycott Dangote Refinery’s Products Devakumar V.G. Edwin, the Vice President of Dangote Industries Limited, has […]

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Kaduna Refinery's Toxic Gas Spill Sparks Health Crisis and Frustration

Kaduna Refinery’s Toxic Gas Spill Sparks Health Crisis and Frustration

By Ifunanya / September 12, 2024

Residents Fear "Mass Deaths and Deformity" as Hydrogen Fluoride Spills Continue Kafam, Nigeria – More than two weeks have passed […]

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Nigeria Oil Sector Stakeholders Call for Full Deregulation and Market

Nigeria Oil Sector Stakeholders Call for Full Deregulation and Market Liberalization

By Ifunanya / September 12, 2024

Optimizing Nigeria’s Oil and Gas Industry: Stakeholders Call for Deregulation and Collaboration A recent webinar themed "Optimising the Nigerian Oil […]

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Nigerias Foreign Trade Surges by 249 to N6981 Trillion in

Nigeria’s Q2 exports: Top 5 destinations revealed

By Ifunanya / September 12, 2024

Nigeria’s Top Export Destinations: Spain, US, France, India, and the Netherlands In its latest Foreign Trade Data released on Wednesday, […]

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Nigeria Seeks Private Sector Partner for Cultural Economy Growth

Nigeria Seeks Private Sector Partner for Cultural Economy Growth

By Ifunanya / September 12, 2024

Nigeria Seeks Private Sector Partnership to Unlock Creative Talent The Nigerian government is urging the private sector to collaborate with […]

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Innoson Unveils Nigeria's First Locally Produced Electric Vehicle

Innoson Unveils Nigeria’s First Locally Produced Electric Vehicle

By Ifunanya / September 11, 2024

Innoson Unveils First Locally Produced Electric Vehicle in Nigeria In a groundbreaking achievement for the Nigerian automotive industry, Innoson Vehicle […]

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FCCPC Seeks Stakeholder Support to Tackle Price Fixing

FCCPC Seeks Stakeholder Support to Tackle Price Fixing

By Ifunanya / September 11, 2024

Nigerian Consumer Protection Agency Targets Cartels in Food and Transport Sectors The Federal Competition and Consumers Protection Commission (FCCPC) has […]

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Nigeria's June 2024 Revenue Allocation: State by State Breakdown Revealed

Nigeria’s June 2024 Revenue Allocation: State-by-State Breakdown Revealed

By Ifunanya / September 11, 2024

Nigeria’s Office of the Accountant General Reveals June 2024 Revenue Allocation In a recent publication, Nigeria’s Office of the Accountant […]

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Nigeria's First Foreign Currency Bond Secures $900m in Oversubscription

Nigeria’s First Foreign-Currency Bond Secures $900m in Oversubscription

By Ifunanya / September 11, 2024

Nigeria Secures $900 Million in Historic Foreign-Currency Bond Issuance Nigeria has made a significant step towards stabilizing its economy, securing […]

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Nigeria's Oil Production Fails to Meet Expectations

Nigeria’s Oil Production Fails to Meet Expectations

By Ifunanya / September 11, 2024

New Crisis Emerges as OPEC Reports Nigeria’s Oil Output Falls Short of Claimed 1.6million Barrels per Day Nigeria’s oil industry […]

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Moghalu Declines Interviews, Calls Nigerian Economy ‘Dialogue of the Deaf’

By Ifunanya / September 11, 2024

Economic Expert Declines Interviews with Nigerian Media, Citing "Dialogue of the Deaf" Kingsley Moghalu, a former Deputy Governor of the […]

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Power, Key to Nigeria's Development, Says Tony Elumelu

Power, Key to Nigeria’s Development, Says Tony Elumelu

By Ifunanya / September 10, 2024

Nigeria’s Economic Growth Hinges on Reliable Electricity, Says Business Magnate Tony Elumelu Tony Elumelu, the Chairman of Heirs Holdings and […]

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EFCC to Prosecute Bank Executives for Aiding Money Laundering

EFCC to Prosecute Bank Executives for Aiding Money Laundering

By Ifunanya / September 10, 2024

Bank Executives Complicit in Money Laundering, EFCC Warns The Economic and Financial Crimes Commission (EFCC) has accused bank executives of […]

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