African Business News

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

Nigeria Announces Zero Import Duty on Essential Food Items to

Nigeria Announces Zero Import Duty on Essential Food Items to Combat Inflation

By Ifunanya / August 15, 2024

Nigeria Customs Service Directed to Implement Zero Import Duty on Basic Food Items The Nigeria Customs Service has been instructed […]

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Naira Gains N42.88 Against Dollar Amid CBN's Retail Dutch Auction

Naira Slumps Against Dollar, Hits N1,586.04 as FX Turnover Plunges 54%

By Ifunanya / August 14, 2024

Naira Plummeting Against Dollar Triggering Concerns in Nigeria The Nigerian naira continues to weaken against the USD at the foreign […]

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Senators Slam Govt Agencies Over Failure to Respond to Audit

Senators Slam Govt Agencies Over Failure to Respond to Audit Queries

By Ifunanya / August 14, 2024

Senate Slams Officials for Refusal to Address Audit Queries The Nigerian Senate Committee on Public Accounts has condemned the actions […]

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SEC Approves Extension of Access Holdings Plc's N351bn Rights Issue

SEC Approves Extension of Access Holdings Plc’s N351bn Rights Issue

By Ifunanya / August 14, 2024

SEC Approves Extension of Access Holdings’ Rights Issue Due to National Protests The Securities and Exchange Commission (SEC) has approved […]

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Naira Records Consecutive Gains Against Dollar Despite Nationwide Protests

Naira Declines 18% Amid Soaring Dollar Demand

By Ifunanya / August 14, 2024

Naira Depreciates as Dollar Supply Dries Up in Nigeria The Nigerian naira has taken a hit as the country’s official […]

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Dangote Refinery Denies ₦600/Litre Petrol Price Report

Dangote Refinery Denies ₦600/Litre Petrol Price Report

By Ifunanya / August 14, 2024

Dangote Refinery Denies reports of ₦600 per Litre Petrol Price In a statement issued on Tuesday, the management of Dangote […]

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MTN Foundation Empowers Young Nigerian Musicians with 2024 Scholarship Programme

MTN Foundation Empowers Young Nigerian Musicians with 2024 Scholarship Programme

By Ifunanya / August 14, 2024

MTN Foundation Unveils 2024 Musical Society of Nigeria Scholarship Programme The MTN Foundation has announced its resolve to develop musical […]

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Naira Slumps vs Dollar at Official Market, Rises on Black

Naira Slumps vs Dollar at Official Market, Rises on Black Market

By Ifunanya / August 13, 2024

Naira Depreciates against Dollar, Closes Week on a Down Note In a surprising turn of events, the Nigerian naira recorded […]

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Poland Secures $10B Apache Helicopter Deal, Boosts Military Capabilities

Poland Secures $10B Apache Helicopter Deal, Boosts Military Capabilities

By Ifunanya / August 13, 2024

Poland Secures Multi-Billion Dollar Deal for Apache Helicopters In a massive deal, Poland has signed a contract to purchase 96 […]

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CBN Verifies Barbican's FBN Holdings Shares, Finds Only 8.67% Ownership

CBN Verifies Barbican’s FBN Holdings Shares, Finds Only 8.67% Ownership

By Ifunanya / August 13, 2024

Central Bank of Nigeria Disputes Investment Firm’s Claim on FBN Holdings Shareholding The Central Bank of Nigeria (CBN) has released […]

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US and Nigeria Inflation Figures to be Released: A Sign

US and Nigeria Inflation Figures to be Released: A Sign of Economic Recovery or Further Struggle?

By Ifunanya / August 13, 2024

Inflation Figures for July 2024 to be Released by US and Nigeria The United States and Nigeria are set to […]

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Fitch Downgrades Israel to A Following Ongoing Gaza Conflict

Fitch Downgrades Israel to A Following Ongoing Gaza Conflict

By Ifunanya / August 13, 2024

Israel’s Credit Rating Downgraded Amid Ongoing Conflict with Hamas In a warning that its ongoing conflict with Hamas in Gaza […]

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Nigeria’s July Crude Oil Production Hits 1.307 Million Barrels Daily Despite Challenges

By Ifunanya / August 12, 2024

Nigeria’s Crude Oil Production Sees Slight Uptick in July Nigeria’s crude oil production has experienced a modest increase in July, […]

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Nigeria Loses Estimated N500 Billion to Destruction during Hunger Protests

Nigeria Loses Estimated N500 Billion to Destruction during Hunger Protests

By Ifunanya / August 12, 2024

Nigeria’s Economy Hit with Estimated N500 Billion Loss Due to Hunger Protests Nigeria’s Minister of Industry, Trade and Investment, Dr. […]

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NDIC Pays 82.36% of Heritage Bank Customers, Emphasizes Prompt Reimbursement

By Ifunanya / August 12, 2024

Heritage Bank Customers Receive 82.36% of Insured Deposits In a significant milestone, the Nigeria Deposit Insurance Corporation (NDIC) has paid […]

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SADCOPAC Urged to Monitor Public Funds, Ensure Value for Money

By Ifunanya / August 12, 2024

Zimbabwe’s Parliament Speaker Urges Vigilance in Public Funds Management In a stern warning, Jacob Mudenda, the Speaker of Zimbabwe’s Parliament, […]

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NDIC Pays 82% of Insured Deposits in Heritage Bank Revocation

NDIC Pays 82% of Insured Deposits in Heritage Bank Revocation

By Ifunanya / August 12, 2024

Here’s a clear, engaging, and well-structured news article: Nigerian Heritage Bank Depositors Rewarded with 82% of Claims The Nigeria Deposit […]

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Heritage Bank Liquidation: 17.6% of Depositors Yet to Receive Payments Due to Verification Issues

By Ifunanya / August 12, 2024

Heritage Bank Liquidation: 17.6% of Depositors Yet to Receive Payments The Nigeria Deposit Insurance Corporation (NDIC) has revealed that 17.6% […]

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NASENI Offers 50% Discount to Drivers via MY CNG App

NASENI Offers 50% Discount to Drivers via MY-CNG App

By Ifunanya / August 12, 2024

Nigeria Aims to Revolutionize Energy Future with 50% Discount on CNG Convertions The National Agency for Science and Engineering Infrastructure […]

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NDIC Updates on Heritage Bank Liquidation: Payment of Uninsured Deposits

NDIC Updates on Heritage Bank Liquidation: Payment of Uninsured Deposits to Begin

By Ifunanya / August 11, 2024

Heritage Bank Customers Receive Partial Payments Following Bank’s Closure The Nigeria Deposit Insurance Corporation (NDIC) has notified customers of the […]

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