African Business News

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

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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Nigeria Approves N2.5 Billion Mining Fund Transfer, Reviews Royalty Rates

Nigeria Approves N2.5 Billion Mining Fund Transfer, Reviews Royalty Rates Amid Sector Challenges

By Ifunanya / August 16, 2024

Nigeria’s Mining Sector Gets Boost as Minister Approves N2.5 Billion Support Fund Transfer In a move aimed at revamping the […]

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Nigeria to Receive $500 Million World Bank Loan to Revamp

Nigeria to Receive $500 Million World Bank Loan to Revamp Education and Healthcare Sectors

By Ifunanya / August 16, 2024

Nigeria Secures $500 Million World Bank Loan to Boost Education and Healthcare Nigeria is poised to receive a substantial $500 […]

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Myanmar's Central Bank to Release $100M to Ease Fuel Shortage

Myanmar’s Central Bank to Release $100M to Ease Fuel Shortage Amid Currency Crisis

By Ifunanya / August 16, 2024

Myanmar’s Junta- Controlled Central Bank Injects $100 Million to Alleviate Fuel Crisis The economic crisis in Myanmar has taken another […]

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