African Business News

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

BUA Foods Partners IMAS to Build 4 New Wheat and

BUA Foods Partners IMAS to Build 4 New Wheat and Flour Milling Factories in Nigeria

By Ifunanya / August 21, 2024

BUA Foods to Build Four New Flour Milling Factories in Nigeria Nigerian food processing giant, BUA Foods Plc, has signed […]

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Labour Strikes Threaten Nigeria's National Grid and Telecom Services

Labour Strikes Threaten Nigeria’s National Grid and Telecom Services

By Ifunanya / August 21, 2024

Tension in Nigeria as Labor Union Threatens to Shut Down National Grid Nigeria is bracing itself for a potential economic […]

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IPMAN Blames NNPCL for Fuel Scarcity, Calls for Fair Distribution

IPMAN Blames NNPCL for Fuel Scarcity, Calls for Fair Distribution of Products

By Ifunanya / August 20, 2024

Petroleum Marketers Association of Nigeria Cries Out Over Lack of Supply from Nigerian National Petroleum Company Limited The Independent Petroleum […]

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NIBSS, Zone Collaborate to Enhance POS Transactions with Blockchain Technology

NIBSS, Zone Collaborate to Enhance POS Transactions with Blockchain Technology

By Ifunanya / August 20, 2024

NIBSS and Zone Payment Network Team Up to Enhance POS Transactions in Nigeria In a move aimed at revolutionising the […]

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

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

By Ifunanya / August 20, 2024

Naira Takes a Tumble Against the Dollar in Fresh Start to the Week In a gloomy opening to the week, […]

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Naira Payments for Crude Oil Sales to Dangote Refinery to

Naira Payments for Crude Oil Sales to Dangote Refinery to Commence Oct 1, 2024

By Ifunanya / August 19, 2024

Nigeria to Commence Crude Oil Sales to Local Refineries in Naira from October 1, 2024 The Nigerian Federal Government has […]

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COP28 NNPCL signs two LNG deals

NNPC Ltd. Declares Record N3.3 Trillion Profit for 2023

By Ifunanya / August 19, 2024

Nigerian National Petroleum Company Declares Record-Shattering Profit of N3.3 Trillion In a recent announcement, the Nigerian National Petroleum Company Limited […]

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Nigeria Plans to Strengthen Laws for Stolen Artefacts Recovery

Nigeria Plans to Strengthen Laws for Stolen Artefacts Recovery

By Ifunanya / August 19, 2024

Nigerian Government Moves to Strengthen Laws for Stolen Artefact Recovery The Nigerian government is taking steps to strengthen laws that […]

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Federal Civil Servants Get One Week Extension to Verify Identity on

Federal Civil Servants Get One-Week Extension to Verify Identity on IPPIS Portal

By Ifunanya / August 19, 2024

Federal Government Extends Deadline for Civil Servants to Verify their Information on IPPIS Portal In its latest move to curb […]

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Nigeria's Petroleum Scarcity: NNPCL's Shady Deals with Tank Farm Owners

Nigeria’s Petrol Price Jumps 2.72% to N770.54 per Liter in July 2024

By Ifunanya / August 19, 2024

Nigeria’s Fuel Price Soars to Record High, Lagos and Abuja Hit with Scarcity In a development that has sent shockwaves […]

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Nigeria's Youth Unemployment Crisis: A Ticking Time Bomb

Nigeria’s Youth Unemployment Crisis: A Ticking Time Bomb

By Ifunanya / August 19, 2024

“Youth Unemployment Crisis in Nigeria: A Ticking Time Bomb?” Image: The image is a photo of a young Nigerian person, […]

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COP28 NNPCL signs two LNG deals

NNPC Denies Owing $6.8B to International Oil Traders

By Ifunanya / August 18, 2024

NNPC Denies Owning International Oil Traders $6.8 Billion, Clarifies Tax Remittances The Nigerian National Petroleum Company Limited (NNPC) has denied […]

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Insurance Recapitalization: Will High Minimum Capital Base Create New Barriers

Insurance Recapitalization: Will High Minimum Capital Base Create New Barriers to Entry in Nigeria?

By Ifunanya / August 18, 2024

IMAGE CONVERTED The proposed recapitalisation of the Nigerian insurance sector has sparked a debate among stakeholders, with some expressing concerns […]

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Nigeria Rakes in N581.7 Billion from Foreign Exchange Differences in

Nigeria Rakes in N581.7 Billion from Foreign Exchange Differences in July

By Ifunanya / August 18, 2024

Nigeria Rakes in Huge Revenue from Foreign Exchange Differences in July 2024 In a significant development, the Nigerian government has […]

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Nigeria's Galloping Inflation Rate Reaches 33.40%: Economist Slams "Crazy" Economic

Nigeria’s Galloping Inflation Rate Reaches 33.40%: Economist Slams “Crazy” Economic Pressure

By Ifunanya / August 17, 2024

Nigeria’s Inflation Rate Sees Slight Decrease, but Economic Woes Persist A renowned economist, Paul Alaje, has described Nigeria’s galloping inflation […]

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National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

TCN Staff Begins Repairs on Collapsed Tower 16 in Kano State

By Ifunanya / August 17, 2024

Nigeria’s Transmission Company Commences Restoration of Collapsed Tower 16 in Kano State In a move aimed at restoring electricity services […]

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Nigeria's Federation Account Allocations: N1.358 Trillion Disbursed in July 2024

Nigeria’s Federation Account Allocations: N1.358 Trillion Disbursed in July 2024

By Ifunanya / August 17, 2024

Nigeria’s Governments Receive Record-Breaking Revenue in July Allocation July saw a significant increase in revenue in Nigeria, with the Federation […]

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Fuel Scarcity in Nigeria Worsens: NMDPRA Warns Against Illegal Petroleum

Fuel Scarcity in Nigeria Worsens: NMDPRA Warns Against Illegal Petroleum Sales

By Ifunanya / August 17, 2024

Here’s a clear, engaging, and well-structured news article about the fuel scarcity and scarcity warning issued by the Nigerian Midstream […]

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Naira Deprecates Sharply Against Dollar, Faces Uncertainty Amid Mixed Forecasts

Naira Deprecates Sharply Against Dollar, Faces Uncertainty Amid Mixed Forecasts

By Ifunanya / August 16, 2024

Naira Depreciates Against Dollar Amid Mixed Fortunes The Nigerian naira took a hit on Friday, ending the week on a […]

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Gold Hits Record High as US Rate Cuts Loom and

Gold Hits Record High as US Rate Cuts Loom and Global Markets Diverge

By Ifunanya / August 16, 2024

Gold Hits Record High as Global Stock Markets Diverge Global stock markets took a divergent path on Friday, with Wall […]

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