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 Non-Oil Exports Surpass $2.7 Billion, Records 6.26% Growth in H1 2024

By Ifunanya / August 29, 2024

Nigerian Non-Oil Export Revenue Sees Significant Surge The Nigerian government has made an astonishing announcement, stating that non-oil export revenue […]

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Nigerian Export Performance Soars with Record $2.7 Billion in H1

Nigerian Export Performance Soars with Record $2.7 Billion in H1 2024

By Ifunanya / August 29, 2024

Nigeria’s Non-Oil Exports Experience Significant Growth in First Half of 2024 In a remarkable display of economic resilience, Nigeria’s non-oil […]

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Nigeria's NGX Receives SEC Approval for Impact Board to Boost

NGX Plunge by N176bn as Shares Crash 0.32 Percent

By Ifunanya / August 29, 2024

NGX Suffers Losses as Market Capitalization Plummets by N176 Billion The Nigerian Exchange Limited (NGX) recorded a bearish trend on […]

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CBN Lifts Suspension on Banks Borrowing from Standing Lending Facility

CBN Lifts Suspension on Banks Borrowing from Standing Lending Facility at 31.75% Rate

By Ifunanya / August 29, 2024

Central Bank of Nigeria Lifts Suspension on Bank Borrowing, Sets Lending Rate at 31.75% In a move aimed at stabilizing […]

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Naira Depreciates Against Dollar, FMDQ Data Reveals

Naira Depreciates Against Dollar, FMDQ Data Reveals

By Ifunanya / August 28, 2024

Naira Tumbles Against Dollar on Foreign Exchange Market In a reversal of fortunes, the Nigerian naira fell against the dollar […]

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Nigeria's Exports Surge 2.6% to $2.7 Billion in First Half

Nigeria’s Exports Surge 2.6% to $2.7 Billion in First Half of 2024

By Ifunanya / August 28, 2024

Nigeria’s Total Exports Soar to 2.7 Billion Dollars in First Half of 2024 The Nigerian Export Promotion Council (NEPC) has […]

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Flutterwave Secures PSO License in Uganda, Expanding Digital Payment Reach

By Ifunanya / August 28, 2024

Flutterwave Receives Payment Systems Operator License from Bank of Uganda, Paving Way for Digital Payments Across Africa Flutterwave, a leading […]

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Nigeria's GDP Growth: Do Rising Numbers Reflect Improved Lives?

Nigeria’s GDP Growth: Do Rising Numbers Reflect Improved Lives?

By Ifunanya / August 28, 2024

Nigerian GDP Growth: Experts Blame Assets Depletion, Poor Productivity for Lack of Livelihood Improvement Nigeria’s Gross Domestic Product (GDP) for […]

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Nigeria Raises Import Duty Exchange Rate to N1618.73 Amid Forex

Nigeria’s Inflation Expectations Rise Amid Energy Price, Exchange Rate Concerns

By Ifunanya / August 28, 2024

Nigerian Businesses and Households Expect Inflation Rate to Rise in Coming Months Nigeria’s Central Bank has released its July Inflation […]

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JAMB, Admission Officers Unite to Enhance Integrity in Ogun State

JAMB, Admission Officers Unite to Enhance Integrity in Ogun State Institutions

By Ifunanya / August 28, 2024

Admission Integrity in Nigerian Institutions: RECTEM and JAMB Collaborate The Redeemer’s College of Technology and Management (RECTEM) recently hosted the […]

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NEITI Reconciles 198 Extractive Companies, Tracks $5M+ Oil, Gas, and Mining Revenues

By Ifunanya / August 27, 2024

Transparency Initiative Sheds Light on Nigeria’s Extractive Industry Revenues The Nigerian Extractive Industries Transparency Initiative (NEITI) has launched a nationwide […]

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Domestic Air Fares Soar 25% to ₦98,561.74 in July 2024

Domestic Air Fares Soar 25% to ₦98,561.74 in July 2024

By Ifunanya / August 27, 2024

Air Travel Costs Skyrocket in Nigeria as Domestic Air Fares Rise 25 Percent In a recent report by the Nigerian […]

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Bank Directors Association Nigeria appoints new directors, reports 138.9% income

Bank Directors Association Nigeria appoints new directors, reports 138.9% income increase in 2023

By Ifunanya / August 27, 2024

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NLRC Calls for MOU Review with EFCC to Combat Financial

NLRC Calls for MOU Review with EFCC to Combat Financial Crimes

By Ifunanya / August 27, 2024

Gaming Industry Calls for Review of Memorandum of Understanding between NLRC and EFCC The Director General of the National Lottery […]

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Niger Delta Power Holding Company Appoints New MD, Vows to

Niger Delta Power Holding Company Appoints New MD, Vows to Drive Positive Change

By Ifunanya / August 26, 2024

New Managing Director Vows to Drive Positive Change at Niger Delta Power Holding Company Jennifer Adighije, the newly appointed Managing […]

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Nigeria's GDP Growth Rebounds 3.19% in Q2 2024 Driven by

Nigeria’s GDP Growth Rebounds 3.19% in Q2 2024 Driven by Services Sector

By Ifunanya / August 26, 2024

Nigeria’s Economy Records 3.19% Growth in Second Quarter of 2024 Nigeria’s Gross Domestic Product (GDP) growth has seen a significant […]

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Tinubu to Inaugurate $115m Upgraded West Africa Container Terminal

Tinubu to Inaugurate $115m Upgraded West Africa Container Terminal

By Ifunanya / August 26, 2024

President Tinubu to Inaugurate Upgraded West Africa Container Terminal Nigeria’s President, Bola Tinubu, is set to officially inaugurate the upgraded […]

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Naira Depreciates Against Dollar, Falls to N1579.22 Per Dollar

Naira Devalues by N72.58, FX Turnover Hits $7.39 Billion in July

By Ifunanya / August 26, 2024

Naira Depreciates Against Dollar, FX Turnover Hits $7.39 Billion in July The Nigerian Naira has depreciated by N72.58 against the […]

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Nigerian Foreign Exchange Turnover Hits N11.48tn, Dollar Value Up 10.02%

Nigerian Foreign Exchange Turnover Hits N11.48tn, Dollar Value Up 10.02%

By Ifunanya / August 26, 2024

Nigerian Naira Exchange Rate Sees Slight Improvement Amidst Volatility The foreign exchange market in Nigeria has experienced a significant surge […]

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Atiku Demands Explanation on Oando's Accelerated Oil Deal Amid Tinubu

Atiku Demands Explanation on Oando’s Accelerated Oil Deal Amid Tinubu Family’s Preferential Treatment

By Ifunanya / August 25, 2024

Nigeria’s Oil and Gas Sector Under Fire: Atiku Accuses Government of Favoritism Former Vice President of Nigeria, Atiku Abubakar, has […]

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